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Post by joeypotsandpans on Feb 13, 2015 18:33:17 GMT -5
So early this am. it still showed NA, just pulled it up and at IB it is currently showing the following: Symbol: MNKD Availability: 200'000Exchanges: NASDAQ So there has been some short covering and/or long liquidation/or short term profit taking from some swing traders freeing up some shares at this point...if it continues to climb I would suspect an eventual pullback to the recent 6.65-6.80 breakout area...maybe coinciding with the subdued momentum from launch announcement, etc...of course if we continue to grind sideways through resistance then maybe we can get another push higher in anticipation of conference call later this month....I would look at the high open interest contracts centered around the 7 strike through next fridays (1/20) expiration (approx. 15k contracts combined) and wouldn't be surprised to see them (mm's) try and pin it there at the close on that day imo, so would expect that area to act like a magnet at some point between then and now which would correlate with the pullback area mentioned as well. Playing out to the "T" so to speak....see increase in shares available below, not expecting much change between now and next friday as it ranges between the breakout area as support and the low 7's (void of any significant news releases): Symbol: MNKD Availability: 650'000Exchanges: NASDAQ After the close: Symbol: MNKD Availability: 20'000
Exchanges: NASDAQ expecting another round of "pitch and catch" between the MM's and trading desks (dark pools) next week into the 2/21 expiry. That's what all those AH trades amount to this past week....they are between desks at the same firms and don't have to be reported during the open session...JMO fwiw....of course the float gets a little tighter as shares get taken in/added to by the longs....the carry rates should remain high as this continues. Enjoy the weekend! Btw, what's the next best thing to sliced bread?.....how about managing it as it turns to sugar  |
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Post by shortslaver on Feb 13, 2015 18:41:18 GMT -5
Playing out to the "T" so to speak....see increase in shares available below, not expecting much change between now and next friday as it ranges between the breakout area as support and the low 7's (void of any significant news releases): Symbol: MNKD Availability: 650'000Exchanges: NASDAQ After the close: Symbol: MNKD Availability: 20'000
Exchanges: NASDAQ expecting another round of "pitch and catch" between the MM's and trading desks (dark pools) next week into the 2/21 expiry. That's what all those AH trades amount to this past week....they are between desks at the same firms and don't have to be reported during the open session...JMO fwiw....of course the float gets a little tighter as shares get taken in/added to by the longs....the carry rates should remain high as this continues. Enjoy the weekend! Btw, what's the next best thing to sliced bread?.....how about managing it as it turns to sugar You've been spot on this week. I plan on seeing the 6.50 range possibly next week unless there is some surprise good news. I sas was able to fill in my purchase as dropped below 6.8 so I'll take that as a positive in this retrace. |
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Post by spiro on Feb 14, 2015 15:22:58 GMT -5
Spiro is looking for a trend. Ok, here is one. For 4 consecutive Fridays MNKD's share price has increased in price from the previous weeks close. BTW, the volume has also been increasing each Friday. So what does this mean? Spiro says it means that the longs should have been sleeping better than the shorts, the past 4 weekends.
Jan 16 $5.39
Jan 23 $5.75
Jan 30 $6.35
Feb 06 $6.97
Feb 13 $7.00
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Post by cybergym66 on Feb 14, 2015 15:35:37 GMT -5
Spiro is looking for a trend. Ok, here is one. For 4 consecutive Fridays MNKD's share price has increased in price from the previous weeks close. BTW, the volume has also been increasing each Friday. So what does this mean? Spiro says it means that the longs should have been sleeping better than the shorts, the past 4 weekends. Jan 16 $5.39 Jan 23 $5.75 Jan 30 $6.35 Feb 06 $6.97 Feb 13 $7.00 I like the way you think! I should have listened to you when you said $5.20-ish was the bottom back at the beginning of the year! |
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Post by mnholdem on Feb 14, 2015 21:08:09 GMT -5
Comparing these Friday's with the amount of open interest on MNKD options is intriguing and reveals a correlation between price movement and option expiry.
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Post by chicagpete on Feb 17, 2015 8:39:14 GMT -5
schwab just notified me this morning that the interest rate I am paid on my loaned MNKD shares has increased from 10 to 14percent. Wow. I love it
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Post by yossarian on Feb 17, 2015 8:44:38 GMT -5
How do you get Schwab to pay you to loan out shares?
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Post by chicagpete on Feb 17, 2015 8:51:34 GMT -5
Contact schwab securities lending dept. 1-800-355-2448
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Post by joeypotsandpans on Feb 17, 2015 11:18:30 GMT -5
Playing out to the "T" so to speak....see increase in shares available below, not expecting much change between now and next friday as it ranges between the breakout area as support and the low 7's (void of any significant news releases): Symbol: MNKD Availability: 650'000Exchanges: NASDAQ After the close: Symbol: MNKD Availability: 20'000
Exchanges: NASDAQ expecting another round of "pitch and catch" between the MM's and trading desks (dark pools) next week into the 2/21 expiry. That's what all those AH trades amount to this past week....they are between desks at the same firms and don't have to be reported during the open session...JMO fwiw.... of course the float gets a little tighter as shares get taken in/added to by the longs....the carry rates should remain high as this continues. Enjoy the weekend! Btw, what's the next best thing to sliced bread?.....how about managing it as it turns to sugar Currently, we start the week very tight: Symbol: MNKD Availability: NAExchanges: NASDAQ that explains why they increased your rate Petey ...if Schwab is at 14% it wouldn't surprise me if Fidelity maybe goes higher...they are paying through the nose to keep this at bay, you gotta love it! (if you're long that is |
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Post by shortslaver on Feb 17, 2015 16:05:57 GMT -5
MNKD took a bit of a spill today but bounced off of 7 which shows nice support there. Also, we closed smack dab on the 200DMA which is string IMO. We should be consolidating around this range for a few days perhaps. Safe time to add I think.
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Post by joeypotsandpans on Feb 25, 2015 12:36:15 GMT -5
Currently probing the 50 week MA (blue line value at 6.93 you'll see on upper left hand side of the chart) after having breached it a few weeks ago and subsequently dropping below, starting this week it looks to regain it as the week plays out. The MACD which is below the chart had turned up at the beginning of the year and continues to rise approaching a cross of the zero line...the last time it did this was back in late 2012 from the 2's up to the 8 area before retracing a bit...prior to the highs of last year. And yes Trend, the RSI (graph on top) continues to remain above 50...so the weekly chart continues to remain positive, link to weekly chart: stockcharts.com/c-sc/sc?s=MNKD&p=W&b=5&g=0&i=t31746388060&r=1424884125812The daily chart shows the drop back below the 200d MA red line @ 7.11, but notice the nice turn up on the 50d MA which sits today at 6.06 and rising. It appears the MACD is flattening after the slight downturn as momentum on this pullback looks to be weakening...notice the peak in volume that coincided with the highs of a couple of weeks ago, as the price pulled back from those recent highs the volume subsequently pulled back with the drop....thus you can see why even with the 50% retracement from the most recent up leg shares continue to remain tight...., link to daily chart: stockcharts.com/c-sc/sc?s=MNKD&p=D&b=5&g=0&i=t34810423986&r=1424884402265One would have to agree that shares are locked up in what is most likely the strongest hands to date in this stock IMO...Al's, Friends of Al's, Institutions, ETF's, and loyal staunch retails (a lot if not most of us ).... so what does that equate to at the present time? Damn near 20% cost to carry for borrowed shares to remain short, at least at Fidelity anyway...SI reported after today's close....Hey Mikey guess what day it is, guess what daaay it is... |
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Post by cretin11 on Feb 26, 2015 0:02:26 GMT -5
Thanks joeypots. Now that we're past the quarterly report, looks unlikely we'll see any major catalysts in near future. So from a purely TA perspective, does your interpretation of the charts lead to any short or long term predictions of where share price is headed?
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Post by joeypotsandpans on Feb 26, 2015 9:27:35 GMT -5
Thanks joeypots. Now that we're past the quarterly report, looks unlikely we'll see any major catalysts in near future. So from a purely TA perspective, does your interpretation of the charts lead to any short or long term predictions of where share price is headed? This is going to go outside the box a bit from "purely a TA perspective" so sorry if it's not exactly what you were asking for...take a look at the bottom of your screen and imagine a bunch or reaching hands lined up across from left to right...that is the support currently that this stock has, between the short interest and those looking to enter a long position or add to their current position. The 20 P/E that PA suggested is beyond laughable when you think of a budding biotech, it's like she's comparing it to a mature consumer discretionary stock...or for that matter a mature dividend paying pharmaceutical like PFE for that matter...so at this point I think she needs a bit of psycho analysis imo as if I didn't know any better it looks like she's been bought off or something of that nature. When it comes to a paradigm shift, the P/E multiple at this point is anyone's guess, I use the NFLX example often but looking back when it was like $9/sh what do you think people would say if you asked them what P/E multiple would you apply? Exactly my point, at face value at the time it just looked like an alternative to the brick and mortar video stores...no one imagined the possibilities that it would realize as a game changing company (currently- quote Pre-market: 480.92Price increase2.59) or if you prefer hit the max on the chart to see where this has come from over a 7 yr. period www.google.com/search?q=nflx&rlz=1C1CHFX_enUS544US544&oq=nflx&aqs=chrome..69i57j69i60l2j69i65j69i59j69i60.4063j0j7&sourceid=chrome&es_sm=93&ie=UTF-8Of course I'm not saying that MNKD will do exactly the same longer term but the point is I don't think I would be placing a "20 multiple" on some contrived future EPS that I pulled out of my aXX... ok getting back to your question relative to shorter term technically speaking I think we are bound between the 50d and 200d MA's where strong support would lie down in the low 6 area (50d) and near term resistance in the low 7 area (200d) with my bias currently towards it grinding up as we continue to get increasing positive scripts numbers. Wow 86M is all I can say |
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Post by ezrasfund on Feb 26, 2015 11:07:30 GMT -5
Someone mentioned that the B of A note comes due in August. The loan may be extended with new terms, and/or the shares borrowed as collateral returned. I think someone said the when the loan was originated and B of A sold the shares the price was $6.80. This seems to have become an important number and may be until B of a closes out their position.
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Post by mnholdem on Feb 26, 2015 13:25:36 GMT -5
Back in July there was a posting about Mannkind's stock price holding above $10.20 for as many as 17 trading days and getting close to the 20 trading day requirement needed to allow Mannkind to terminate its August 2015 $115 million convertible note and force Bank of America to return 9 million shares it borrowed from Mannkind in 2010. The conversion price Mannkind would have forced the holders of the note to accept a conversion price of $6.80 and it would have resulted in about 12 million shares of stock being added to Mannkind's outstanding total.
However Mannkind would have offset the 12 million shares with the 9 million shares Bank of America was returning to them. Well with only 3 trading days needed before Mannkind could put a hurting on the shorts & BOA, the bottom fell out and all of a sudden the stock price started heading south for no particular reason thus keeping the transaction from happening.
As a result the $115 million convertible was left in place and Bank of America got to keep their 9 million shares to continue shorting Mannkind stock.
The post's author noted that the sudden reversal in stock price - 3 trading days shy of a major event - could be just coincidence or it could be manipulation.
Note: This is mostly cut & pasted from that original post. |
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