|
Post by alethea on Feb 18, 2020 15:44:04 GMT -5
Since the beginning of this year, it has only been above $1.80 on two or three days. You had to be pretty fast to short it above 1.80. Pretty sure they know what they are doing (as you claim also), a multiple day window is huge. Oh? Huge? Except for a few seconds on Jan 24, it traded above $1.80 for a small portion of five hours combined on Jan 22 and Jan 27. That's it. Yes I agree with you, "they" know exactly what they're doing. "They" being the ones totally in control of the stock price. They did likely short it during those 5 hours on those 2 days. But I doubt like heck very few if any retail folks did. The manipulation of this stock is designed to dampen retail interest in this stock and it has succeeded. But on behalf of MNKD believers and Afrezza users, of which I am both, to quote The Who.... "we don't get fooled again".
|
|
|
Post by alethea on Feb 18, 2020 15:46:44 GMT -5
Almost zero volume again today. And the change in PPS is exactly zero at the moment. Again. They have succeeded in killing retail interest in MNKD for the time being. Which is exactly what "they" are trying to do. True retail daily trading volume is way fewer than 1 million shares per day. Assuming 1 million per day, how long would it take to cover 43 million shares short? Answer is about 8 weeks (5 trading days per week). Would not take much in terms of good news to cause a knee jerk upwards in the current stock price. I guess you're playing right into "their" hand by promoting them as being in control of MNKD. Sounds scary to me. Think you've convinced me to not buy more Let us know when you feel this existential threat is gone. That might be the all clear to invest in MNKD No. You misunderstand. My point being... do not get fooled by the manipulation. Hang on to what you got and buy more.
|
|
|
Post by ktim on Feb 18, 2020 15:52:46 GMT -5
Pretty sure MNKD went from 1.27 to over 1.80 then back down to 1.40 in January on absolutely nothing of material. That is a trader/warrant holder paradise. If you look at the daily's for that period of time you will find that 90% of the time, the daily range from high to low is very constricted.... making it rare to find a day when there is much action in MNKD's stock price. NOT a thing for day traders. When someone suggests I look at something, I often do. I downloaded January data and calculated the spread between daily high and low. Averaging that for the month comes out with 8.3%. Don't know what other stocks you follow where that would be a considered constricted range, but it is certainly way higher than the S&P where that metric was 0.8% in January.
|
|
|
Post by alethea on Feb 18, 2020 16:01:37 GMT -5
If you look at the daily's for that period of time you will find that 90% of the time, the daily range from high to low is very constricted.... making it rare to find a day when there is much action in MNKD's stock price. NOT a thing for day traders. When someone suggests I look at something, I often do. I downloaded January data and calculated the spread between daily high and low. Averaging that for the month comes out with 8.3%. Don't know what other stocks you follow where that would be a considered constricted range, but it is certainly way higher than the S&P where that metric was 0.8% in January. Often with MNKD, the high of the day is attained in the first 5 minutes of the day during one of those spikes where the high on the minute candle is several cents above which any retail trader is able to sell for. The same goes for the daily low. The true trading range of MNKD is much, much narrower than 8%.
|
|
|
Post by alethea on Feb 18, 2020 16:08:31 GMT -5
Today's trading range, from the high of 1.48 to the low of 1.45 is a paltry 2%.
That's not normal. Hard to find another non-pink-sheet stock so tightly bound.
|
|
|
Post by ktim on Feb 18, 2020 16:22:03 GMT -5
When someone suggests I look at something, I often do. I downloaded January data and calculated the spread between daily high and low. Averaging that for the month comes out with 8.3%. Don't know what other stocks you follow where that would be a considered constricted range, but it is certainly way higher than the S&P where that metric was 0.8% in January. Often with MNKD, the high of the day is attained in the first 5 minutes of the day during one of those spikes where the high on the minute candle is several cents above which any retail trader is able to sell for. The same goes for the daily low. The true trading range of MNKD is much, much narrower than 8%. Ah, a tried and true data analysis technique... redefine the problem when the data proves otherwise. I think that falls into realm of a personal truth/belief/desire. Perhaps you should pick a definition for how to measure "true trading range" and then do so for the next couple of weeks and compare MNKD on even footing with market index. This is even giving you the opportunity to go back over all of MNKD's historical data and manipulate the heck out of it to try to match your assertion. Just let us know ahead of time before you start looking at future data so it's merely model selection bias rather than outright post hoc manipulation.
|
|
|
Post by ktim on Feb 18, 2020 16:31:07 GMT -5
Today's trading range, from the high of 1.48 to the low of 1.45 is a paltry 2%. That's not normal. Hard to find another non-pink-sheet stock so tightly bound. S&P was 0.58% swing today. What on earth do you think a normal swing should be for MNKD in a day? Do you hope that MNKD would be even more volatile? Why? I get it that you'd want 10% rise every single day (as all of us that are shareholders would), but I don't understand why we'd want even larger daily swings... unless one is a day trader.
|
|
|
Post by alethea on Feb 18, 2020 16:31:42 GMT -5
Often with MNKD, the high of the day is attained in the first 5 minutes of the day during one of those spikes where the high on the minute candle is several cents above which any retail trader is able to sell for. The same goes for the daily low. The true trading range of MNKD is much, much narrower than 8%. Ah, a tried and true data analysis technique... redefine the problem when the data proves otherwise. I think that falls into realm of a personal truth/belief/desire. Perhaps you should pick a definition for how to measure "true trading range" and then do so for the next couple of weeks and compare MNKD on even footing with market index. This is even giving you the opportunity to go back over all of MNKD's historical data and manipulate the heck out of it to try to match your assertion. Just let us know ahead of time before you start looking at future data so it's merely model selection bias rather than outright post hoc manipulation. Not sure what I manipulated. PPS has been over 1.80 only two or three days during year 2020 so far. I watch the stock trade nearly every day. Everything I said is true. The recent trading in MNKD is lifeless. Anyone paying attention can easily see that for themselves. I am done for the day. Feel free to have the last word. You always do. God forbid anyone be left with a positive thought.
|
|
|
Post by awesomo on Feb 18, 2020 16:39:19 GMT -5
How exactly is "the market is one giant manipulated conspiracy against MNKD" a positive thought?
Plus you never answered the original question of what exactly management is doing to create retail interest.
|
|
|
Post by ktim on Feb 18, 2020 16:48:14 GMT -5
Ah, a tried and true data analysis technique... redefine the problem when the data proves otherwise. I think that falls into realm of a personal truth/belief/desire. Perhaps you should pick a definition for how to measure "true trading range" and then do so for the next couple of weeks and compare MNKD on even footing with market index. This is even giving you the opportunity to go back over all of MNKD's historical data and manipulate the heck out of it to try to match your assertion. Just let us know ahead of time before you start looking at future data so it's merely model selection bias rather than outright post hoc manipulation. Not sure what I manipulated. PPS has been over 1.80 only two or three days during year 2020 so far. I watch the stock trade nearly every day. Everything I said is true. The recent trading in MNKD is lifeless. Anyone paying attention can easily see that for themselves. I am done for the day. Feel free to have the last word. You always do. God forbid anyone be left with a positive thought. As they say, what does that have to do with the price of tea in China? The price has been over $2.00 zero days so far in 2020, and it's been below $1.00 zero days so far in 2020. None of that is relevant to the amount of volatility it has had over the rather large range it has traded in so far in 2020. What is the positive thought in your posts?
|
|
|
Post by prcgorman2 on Feb 18, 2020 20:27:44 GMT -5
I’m positive a few posters are determined to trash the stock, the management, and other investors. How’s that for a positive post?
|
|
|
Post by prcgorman2 on Feb 18, 2020 20:29:15 GMT -5
I should edit my last post, but instead I’ll just say I should have left out the word “other”.
|
|
|
Post by ktim on Feb 19, 2020 1:10:18 GMT -5
I’m positive a few posters are determined to trash the stock, the management, and other investors. How’s that for a positive post? Hmmm... tough call, but I'm calling that not positive
|
|
|
Post by winner on Feb 19, 2020 6:11:25 GMT -5
Well stated prcgorman2. Let's hope there are POSITIVE developments announced prior to the CC.
|
|
|
Post by mnholdem on Feb 19, 2020 13:23:29 GMT -5
I’m positive a few posters are determined to trash the stock, the management, and other investors. How’s that for a positive post? Hmmm... tough call, but I'm calling that not positive Are you positive that was a negative?
|
|