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Post by daduke38 on Aug 5, 2014 12:31:32 GMT -5
We are trading at below pre-approval prices. I am baffled as to why buyers aren't stepping in. Would love some thoughts?
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Post by mannmade on Aug 5, 2014 12:48:19 GMT -5
The only thing I can suggest, and it is pure conjecture on my part, is that people (like me) either have spent all of there available cash and/or are very wary of the shorts now... who seem to take the share price down at will when it suits their needs. And as a result we are willing to wait on a partnership to see how that effects the stock price. Truth is after buying my first shares over 5 years ago and having been witness to the share price fluctuations, unless it is an outright buyout of the company, the share price manipulation will likely continue until we have real revenue numbers.
Upon announcement of partnership shorts will try to destroy the announcement as not being good and then move on to the adoption/revenue issue as a pretext for doing what they do... So guess I am content to wait for now as are many others apparently...
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Post by seanismorris on Aug 5, 2014 14:58:59 GMT -5
With easy money ending. Money is being pulled indiscriminately out of the markets.
Currently, that (money flow) is overwhelming everything else as we wait for the partnership news.
I'm not one to believe we have a biotech bubble, but we are entering risk off and biotech is generally higher risk.
I have one more MNKD purchase planned but that would be at much lower levels.
I don't think the MNKD shorts are responsible, but the general market shorts are increasing.
I'm not looking to buy anything more but MNKD for a while.
On the bright side, borrowing is still cheap so Mannkind should be able to negotiate a good deal for investors.
We might see another month of correction (the Fed. created this problem)... Easy Money = Borrowing = Share buy backs = inflated earning; this was the sign of Overbought markets. Now companies need to start paying off debt.
Unfortunately, the Govt didn't use the easy money period to fix any fundamental problems (like the tax code). If MNKD gets bought out, I hope it's by a non US company with lower corp. taxes....
If I was the buyer, I'd do this before Afrezza sales go global.
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Post by mnholdem on Aug 5, 2014 15:01:46 GMT -5
We are trading at below pre-approval prices. I am baffled as to why buyers aren't stepping in. Would love some thoughts? I think there are millions more retail investors, funds and institutions that are simply waiting to see what BP's marketing & sales plans are going to be before they make up their minds on whether Afrezza has the potential to be a block buster. There are also those investors who are really skeptical, willing to wait until sales results come in, as proof of market acceptance of Afrezza, before investing. Regardless, I think those of who long ago recognized the potential value of Mannkind have already bought in. I know I'm happy that I stayed long & strong. Good fortune all. |
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Post by babaoriley on Aug 5, 2014 15:23:53 GMT -5
The only thing I can suggest, and it is pure conjecture on my part, is that people (like me) either have spent all of there available cash and/or are very wary of the shorts now... who seem to take the share price down at will when it suits their needs. And as a result we are willing to wait on a partnership to see how that effects the stock price. Truth is after buying my first shares over 5 years ago and having been witness to the share price fluctuations, unless it is an outright buyout of the company, the share price manipulation will likely continue until we have real revenue numbers. Upon announcement of partnership shorts will try to destroy the announcement as not being good and then move on to the adoption/revenue issue as a pretext for doing what they do... So guess I am content to wait for now as are many others apparently... Spiro, apologies, I've helped turn mannmade to the dark side! It's a sad thing to see such a metamorphosis, from an optimist to a realist. Let's hope we all stop that slide at "realist." And congrats to you, Mr. Mannmade Moderator!! |
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Post by daduke38 on Aug 5, 2014 17:36:20 GMT -5
Some good info! I have not sold a share and am tapped out on what I can add. Appreciate the inputs and lets hope Monday is all Good!  |
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Post by kc on Aug 7, 2014 17:12:10 GMT -5
Watching the volume today was like watching paint dry. very slow. I think that we are approaching a very good or bad day on Monday. This makes me a little nervous but I have to ride it out. just looking at the number of shorts makes you wonder if we get news of a partnership or buyout then Boom. Its great for us. If the news is otherwise then we have to hunker down for a long ride to get the price back up. With over 71,777,100 shorts how many naked shorts do you think exist out there? How does that hurt MNKD if they can't cover. Attachment Deleted |
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Post by joeypotsandpans on Aug 7, 2014 17:54:08 GMT -5
Watching the volume today was like watching paint dry. very slow. I think that we are approaching a very good or bad day on Monday. This makes me a little nervous but I have to ride it out. just looking at the number of shorts makes you wonder if we get news of a partnership or buyout then Boom. Its great for us. If the news is otherwise then we have to hunker down for a long ride to get the price back up. With over 71,777,100 shorts how many naked shorts do you think exist out there? How does that hurt MNKD if they can't cover. KC, I highlighted those as if you take them out of context and put it all together well that was the primary feeling before 4/1 and what do you know...we're up 100% from back then and for good reason...the risk back then was far greater than any other (except waiting for the phase III results IMO) so while there has been some speculation with some pretty far reaching numbers...it's good to hear longs that say they are nervous...I would be a lot more nervous if I didn't feel that there are some that are or as in the other thread have had to position themselves against the adverse effects of margin...I am in the camp that there are a fair amount of naked positions out there (there some posts today again where some houses were looking for shares) and some of them may actually be more nervous than you  Keep the faith, remember the feeling after the Adcom votes, well how do you think it will feel when something undeniably strong is announced where it would be difficult to counter it with FUD...if you polled the longs prior to Adcom how many do you think would have predicted the votes and as strong and convincing outcome as it was...certainly AF didn't as he had to change his whole tone right after the vote |
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Post by dreamboatcruise on Aug 7, 2014 17:58:19 GMT -5
With over 71,777,100 shorts how many naked shorts do you think exist out there? How does that hurt MNKD if they can't cover. The company isn't hurt in any way if naked shorts can't borrow and deliver. I don't even think people that bought the undelivered shares really have any negative consequence unless of course the non delivering counter party goes bankrupt before delivering... even then there are layers in the clearing process that probably absorb such situations. As a shareholder I really don't view that as something I need to worry about. |
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Post by kc on Aug 7, 2014 18:02:55 GMT -5
Dreamboat your correct. But you have the old overstock.com situation. I am hopeful we torch the shorts on Monday.
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