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Post by mytakeonit on Jun 10, 2019 17:03:14 GMT -5
Well since you asked... this version of yourtakeonit depresses me because usually yourtakeonit at least has some underpinning of logic (like "we have the best mealtime insulin available!"). But this latest edition is so farcical; you have never resorted to "we went up three pennies today, let's extrapolate that out a whole month!" It feels insulting to those of us who crave your posts to salve our wounds from owning this stock. Are you now mocking us?! But that's ok, i'll mix up a stiff cocktail and get over it, knowing you'll return to give us yourtakeonit with posts living up to your normal standards of unbridled optimism. "Crave my posts" !!! Wow !!! I better look over my posts because it would be very rare that I would be raving that we have the best mealtime insulin available! (Even though it is true) BUT, if you really do "crave" my posts ... send $20 to mytakeonit.com and your wish will be granted. BTW, are you by chance a short? Those are the only people who seem to hate my posts. But, that's mytakeonit |
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Post by awesomo on Jun 10, 2019 17:12:55 GMT -5
I would guess the high-frequency traders caught wind of the press release and decided to have some fun with MNKD today. Bump it up in the premarket and get that hopium rolling, and then walk it back down. I wondered the same thing. Would someone managing a fund (does MK do that?) be able to use a market trade and a Tweet in order to effect such a trading day? In theory it could. A few well-priced premarket trades can generate buzz (1.98??) as MNKD gets picked up on these auto-generated articles about premarket gainers/losers. I saw a few articles on my feed with the whole "MannKind up 10%+ on positive Afrezza data" generic content spiel. Then you get the people on platforms like StockTwits clamoring for short squeezes, "easy $2 today", etc. because of the premarket action. Then once the market opens, the trading algorithms go to work. I don't think MK manages a fund, he's just a retail investor with a very loud opinion. |
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Post by prcgorman2 on Jun 10, 2019 20:03:50 GMT -5
MK just a squeaky wheel? Seriously? OK, well then I hope he gets grease where he needs it. :-) (His axle of course. What were you thinking?)
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Post by joeypotsandpans on Jun 10, 2019 23:44:51 GMT -5
Big green bars the last 15 minutes of the last two trading sessions. Interesting. The divergence continues, a reversal coming to higher levels? The higher lows in relative strength on long term chart continues to support the probability of a rising s/p coming to a market near you IMO  Also, see below chart regarding daily short interest percentages..  Regarding today's price action: I can't even imagine the amount of shares being sold short today, volume is double the recent average, someone or something wanted shares today and I believe they are getting them at the expense of added short interest. It should be interesting to see the period ending thru 6/15 to see if there is a big addition to the SI, of course if the s/p gets walked up the rest of the week that would indicate a gradual cover of those same shares. Venture to guess where today's numbers will lie? Historical Short Volume Data for MNKD Date Close High Low Volume Short Volume % of Vol Shorted Jun 07 NA NA NA 514,080 330,085 64.21 Jun 06 NA NA NA 447,247 308,587 69.00 Jun 05 NA NA NA 427,240 311,581 72.93 Jun 04 NA NA NA 559,121 335,590 60.02 Jun 03 NA NA NA 873,593 488,048 55.87 May 31 NA NA NA 524,682 378,410 72.12 May 30 NA NA NA 537,668 366,369 68.14 May 29 NA NA NA 1,199,234665,26855.47 May 28 NA NA NA 774,295 583,687 75.38 May 24 NA NA NA 682,169 443,785 65.05 May 23 NA NA NA 575,862 456,096 79.20 May 22 NA NA NA 436,723 276,465 63.30 May 21 NA NA NA 490,868 267,281 54.45 May 20 NA NA NA 565,238 447,626 79.19 May 17 NA NA NA 748,205 505,801 67.60 May 16 NA NA NA 552,899 289,115 52.29 May 15 NA NA NA 734,681 351,557 47.85 May 14 NA NA NA 1,069,890642,46060.05 May 13 NA NA NA 493,011 238,684 48.41 Here was today's number: Date Close High Low Volume Short Volume % of Vol Shorted Jun 10 NA NA NA 1,696,047 1,163,312 68.59 |
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Post by Clement on Jun 11, 2019 7:50:18 GMT -5
Historical Short Volume Data for MNKD Date Close High Low Volume Short Volume % of Vol Shorted Jun 07 NA NA NA 514,080 330,085 64.21 Jun 06 NA NA NA 447,247 308,587 69.00 Jun 05 NA NA NA 427,240 311,581 72.93 Jun 04 NA NA NA 559,121 335,590 60.02 Jun 03 NA NA NA 873,593 488,048 55.87 May 31 NA NA NA 524,682 378,410 72.12 May 30 NA NA NA 537,668 366,369 68.14 May 29 NA NA NA 1,199,234665,26855.47 May 28 NA NA NA 774,295 583,687 75.38 May 24 NA NA NA 682,169 443,785 65.05 May 23 NA NA NA 575,862 456,096 79.20 May 22 NA NA NA 436,723 276,465 63.30 May 21 NA NA NA 490,868 267,281 54.45 May 20 NA NA NA 565,238 447,626 79.19 May 17 NA NA NA 748,205 505,801 67.60 May 16 NA NA NA 552,899 289,115 52.29 May 15 NA NA NA 734,681 351,557 47.85 May 14 NA NA NA 1,069,890642,46060.05 May 13 NA NA NA 493,011 238,684 48.41 Here was today's number: Date Close High Low Volume Short Volume % of Vol Shorted Jun 10 NA NA NA 1,696,047 1,163,312 68.59 For 18 of the latest 20 trading days, % of volume shorted is well over 50%. How long can that go on? I know naked shorts can sell indefinitely large volumes of stock, but it can't go on forever at over 50% short volume , eh? |
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Post by cretin11 on Jun 11, 2019 9:50:31 GMT -5
I am wondering the same thing Clement. Mathematically it doesn't seem possible, but on the other hand it always seems to be this way with MNKD. I don't fully understand the dynamics of this, never having shorted any stock personally. Joey, thanks for this info, nice to see a little technical analysis from you like back in the "good old days."
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Post by joeypotsandpans on Jun 11, 2019 11:20:50 GMT -5
I am wondering the same thing Clement. Mathematically it doesn't seem possible, but on the other hand it always seems to be this way with MNKD. I don't fully understand the dynamics of this, never having shorted any stock personally. Joey, thanks for this info, nice to see a little technical analysis from you like back in the "good old days." The meter cretin11 & Clement, the meter!from previous post: joeypotsandpans Avatar joeypotsandpans Postaholic ***** Jan 26, 2018 at 6:18pm sweedee79, peppy, and 1 more like this likePost Options Volume Tree peppy said:smart, that volume fooled me. nice trade. I think you meant don't let today's volume (a bit above 1/2 of yesterday's) fool you Record SI, and as much as some like to make light of MK statements, IMO there is much to be noted about his alluding to the current SI and the meter that I analogized with it: www.usdebtclock.org/ Look at where the SI was one year ago and where it is today, a 60% increase....what was the percentage increase in dilution?: 1/13/2017 19,582,841 925,564 21.157738 1/12/2018 32,969,296 2,042,484 16.141765 most bookmaker's wouldn't let doubling down and chasing the bet go on for that long so it must be the bookmaker themselves MK: "they shouldn't forget that when this stock was at $1 and they were talking $0 a share and bankruptcy in May/June, I said it would hit $5+ by October. And it hit just under $7 within that time frame. This stock is going to move in a big way. My sincere hope is that it doesn't move too quickly. I would like to see a slow rise with shorts doubling down and throwing more money into their bets. Then ideally the stock is at significantly higher levels and closes out regular hours and then has material news of a major, major variety, which gaps the shares a hundred percent or more in AH and the next day. There will eventually be shorts sent to pasture here." Read more: mnkd.proboards.com/thread/8970/michael-kovacocy-mannkind-comments?page=17#ixzz55KAr6zb0Read more: mnkd.proboards.com/user/275/recent?q=Meter#ixzz5qYbiCovV |
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Post by apidistra on Jun 11, 2019 11:32:05 GMT -5
What if we are seeing a coordinated attack on the company to put it out of business by depressing the share price and reap the rewards of the patents?
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Post by Clement on Jun 11, 2019 11:47:21 GMT -5
Thanks, Joey!
So, how are shorts going to be able to cover in advance of the Deerfield payment? Most of the volume has been of their own creation (shorting). The weak hands have already been flushed out, i.e., very few shareholders are going to sell their shares at these low prices. Where would shares come from that the shorts need to buy to cover? July is near.
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Volume Six
Jun 11, 2019 12:05:19 GMT -5
via mobile
Post by traderdennis on Jun 11, 2019 12:05:19 GMT -5
Thanks, Joey! So, how are shorts going to be able to cover in advance of the Deerfield payment? Most of the volume has been of their own creation (shorting). The weak hands have already been flushed out, i.e., very few shareholders are going to sell their shares at these low prices. Where would shares come from that the shorts need to buy to cover? July is near. Cover when the next fund raising happens. Paying off Deerfield will not be a major event. The Mann trust receives any asset pledges that Deerfield currently has. Between Mann alpha star and future milestone payments to Deerfield the company still owes well over 100 million dollars. |
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Post by mytakeonit on Jun 11, 2019 13:44:51 GMT -5
So, are you saying that we will be partnering with UTHR on July 1st?
But, that's mytakeonit
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Post by ktim on Jun 11, 2019 13:49:19 GMT -5
So, are you saying that we will be partnering with UTHR on July 1st? But, that's mytakeonit We're already partnered with UTHR. |
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Post by mytakeonit on Jun 11, 2019 14:11:49 GMT -5
No ... I mean really partnered like in cash and % ownership? Remember that this is only a question.  Maybe more milestone payments and more milestones? But, that's mytakeonit |
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Post by awesomo on Jun 11, 2019 14:16:37 GMT -5
Well we seem to be trading in step with UTHR already (both down over 30% in the last 3 months) so speculate away...
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Post by ktim on Jun 11, 2019 14:30:34 GMT -5
No ... I mean really partnered like in cash and % ownership? Remember that this is only a question. Maybe more milestone payments and more milestones? But, that's mytakeonit Unlike in many areas, MNKD management has done a good job of telling us what to expect with UTHR... a total of $37.5M spread out over next 18 months for Tret and possibility of additional $30M for second API. Hopefully MNKD got some time limits in the agreement for milestones relating to 2nd API so UTHR can't sit on it indefinitely. Seems no reason to expect things will deviate from that. If UTHR wanted to be part owner of the cow they likely would have already done that rather than simply contracting to buy the milk. |
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Also, see below chart regarding daily short interest percentages..
Maybe more milestone payments and more milestones?