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Post by peppy on Mar 13, 2019 15:33:19 GMT -5
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Post by mytakeonit on Mar 13, 2019 16:59:17 GMT -5
Why look left? Is that kid going to do something? My chart is below. Not to be confused with bowel. Ha!
Amazing 27 cent spread from high and low today. Tomorrow and Friday should be very interesting ... to say the least. If numbers come out ... as I expect ... they'll be no turning back FOREVER.
But, that's mytakeonit ...
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Post by sportsrancho on Mar 13, 2019 17:11:11 GMT -5
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Post by peppy on Mar 13, 2019 17:16:59 GMT -5
Why look left? Is that kid going to do something? My chart is below. Not to be confused with bowel. Ha! Amazing 27 cent spread from high and low today. Tomorrow and Friday should be very interesting ... to say the least. If numbers come out ... as I expect ... they'll be no turning back FOREVER. But, that's mytakeonit ... oh, and my spelling mistake. you know I meant to say, get the bowl. In my younger adulthood, when my son looked ill, he needed a bowl. I learned any time someone looked ill, to get a bowl and place it in front of them.
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Post by traderdennis on Mar 13, 2019 17:27:19 GMT -5
Does it make sense for 2.38 warrant holders to short at 2.27? Isn't it at least as, or even more, likely that it would be 1.60 warrant holders doing the big shorting? I say this without recalling offhand how many warrants there are at each strike price. How about this scenario?: Some of the $1.60 share and warrant holders also have $2.38 shares and warrants and they converted the $1.60 warrants into shares. This gave MNKD $ which gave the share price upward momentum for them to be able to sell their $1.60 shares in the $2.20’s or so and comfortably allowed them to short their $2.38 shares at $2.27 and run the price down knowing profits will be taken by themselves and others from the run up. They then comfortably shorted some shares at $2.27 figuring if the price runs up above $2.38 they can convert their warrants to shares for a profit (and even convert a greater amount of their warrants to shares - even more than the amount of shares they shorted). $1.60 warrant holders have not converted. They can sell calls for a premium that is larger than the difference in price. Plus they can short at will and see if they can cover below 1.60. This is a poker freeroll for them.
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Post by sla55 on Mar 13, 2019 17:32:23 GMT -5
How about this scenario?: Some of the $1.60 share and warrant holders also have $2.38 shares and warrants and they converted the $1.60 warrants into shares. This gave MNKD $ which gave the share price upward momentum for them to be able to sell their $1.60 shares in the $2.20’s or so and comfortably allowed them to short their $2.38 shares at $2.27 and run the price down knowing profits will be taken by themselves and others from the run up. They then comfortably shorted some shares at $2.27 figuring if the price runs up above $2.38 they can convert their warrants to shares for a profit (and even convert a greater amount of their warrants to shares - even more than the amount of shares they shorted). $1.60 warrant holders have not converted. They can sell calls for a premium that is larger than the difference in price. Plus they can short at will and see if they can cover below 1.60. This is a poker freeroll for them. Hate to say it by I agree.
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Post by traderdennis on Mar 13, 2019 18:53:29 GMT -5
I would not be surprised to see a 2.00 price pin on Friday. Not a huge amount of options, but about 400K that are at the 2.00 expiration.
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Post by peppy on Mar 13, 2019 19:20:25 GMT -5
www.nasdaq.com/symbol/mnkd/after-hours46,202 shares after market. last trade, MNKD $2.19. +0.08. +3.79% MNKD stock behavior, after hours trades as a rule only really happen when the stock is moving? Just pointing out, premarket has picked up quite a bit and there is after market trading.
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Post by prcgorman2 on Mar 13, 2019 19:49:09 GMT -5
How about this scenario?: Some of the $1.60 share and warrant holders also have $2.38 shares and warrants and they converted the $1.60 warrants into shares. This gave MNKD $ which gave the share price upward momentum for them to be able to sell their $1.60 shares in the $2.20’s or so and comfortably allowed them to short their $2.38 shares at $2.27 and run the price down knowing profits will be taken by themselves and others from the run up. They then comfortably shorted some shares at $2.27 figuring if the price runs up above $2.38 they can convert their warrants to shares for a profit (and even convert a greater amount of their warrants to shares - even more than the amount of shares they shorted). $1.60 warrant holders have not converted. They can sell calls for a premium that is larger than the difference in price. Plus they can short at will and see if they can cover below 1.60. This is a poker freeroll for them. How can you tell when warrants have been converted?
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Post by awesomo on Mar 13, 2019 20:45:35 GMT -5
We’ll never know for sure until the company announces how much they raised, but the warrant’s value is time, converting early loses this and there really isn’t a compelling reason to do so.
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Post by InvesterSam on Mar 13, 2019 22:42:32 GMT -5
$1.60 warrant holders have not converted. They can sell calls for a premium that is larger than the difference in price. Plus they can short at will and see if they can cover below 1.60. This is a poker freeroll for them. Hate to say it by I agree. I am learning the other side of thoughts from tradedennis and I appreciate that. One question to TD. If PPS takes off and never returns below $2.38 and further goes to $10, those who shorted and sold calls limit their gains to $0.5-$1.00, missing large $7-$8 gains. Am I right?
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Post by traderdennis on Mar 13, 2019 22:45:10 GMT -5
Hate to say it by I agree. I am learning the other side of thoughts from tradedennis and I appreciate that. One question to TD. If PPS takes off and never returns below $2.38 and further goes to $10, those who shorted and sold calls limit their gains to $0.5-$1.00, missing large $7-$8 gains. Am I right? It is a statistical game. Shit happens occasionally, but they act like the house in Vegas. Keep taking small edges which in the long run are better than trying to gamble for a big payday
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Post by prcgorman2 on Mar 13, 2019 23:46:52 GMT -5
And without and until fundamentals (Rx increases, pipeline milestones, material partnership developments) a reliable climb to $10 doesn’t seem plausible to me, so they’re on the right side of the bet IMHO (unfortunately).
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Post by barnstormer on Mar 14, 2019 0:18:00 GMT -5
So...would anyone here go to the ASM in NYC if we see peppy's $8 before 5/14? i love NYC. Yes in that case I would go:-) I love it too!! youtu.be/xMfz1jlyQrwIf Peppy is right an we get to $8 before ASM I will be there unless I can't get there from California because the Boeing 737 Maxs are all still grounded.
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Post by awesomo on Mar 14, 2019 0:52:11 GMT -5
If we get to $8 by the ASM, I’ll take a Greyhound Bus from California if I have to...
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