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Post by ktim on Mar 12, 2020 20:39:53 GMT -5
I think he's saying it's likely small time retail traders only. When there are repeated small trades all at the same price, that's not any form of manipulation. To me it also would seem to indicate the market makers are stepping back from the market. Is interesting, though. Exactly what I thinking. It seems people are not letting go of big blocks of MNKD at one time. Hence the thought that market makers, institutions and large holders, like many on this board, are holding steady and those that are selling are selling small blocks. Every one of my partial order fills today was 100 shares. It just struck me that on a day where margin calls were probably pretty plentiful, that I could not purchase more than 100 share in a single block. P.S. I would appreciate the education on how someone can manipulate a stock and make money on transactions of 100 shares at a time on a company with a float of nearly 200mm shares. Marketing Making Firms (the ones that are actually regulated as such) should be supplying bids and asks that can absorb more than 100 shares at a time in normal markets. I think this primarily indicates that Marketing Making Firms for MNKD were stepping back and not playing the role they should. In ordinary times when the markets aren't freaking out, if you placed a buy order for 1000, they sell it to you even if they don't have any shares on hand and then wait (or entice if necessary) someone to sell them the shares back at a slightly lower price. They can make good money on the spreads ordinarily while taking on little actual risk, since they usually only hold relatively small open long or short positions for brief periods during the day. That assumption doesn't work when markets are chaotic. So then rather than have a market maker take your entire order your broker's computer is searching all over the place to fill it by other small traders. 100 shares doesn't even seem enough for it to be high frequency algorithms trying to paint the tape to fool other algorithms. I doubt we have anyone here that knows how high frequency trading really works. Years ago I was contacted by a company providing technology to those firms, wanting to set up a wireless link from NY to NJ to shave a few microseconds off the time it took to route an order from one exchange to another. At that time it really was all a war of speed to arbitrage fractions of a cent in share price. That's my take on it. |
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Post by letitride on Mar 12, 2020 20:41:59 GMT -5
Where is the bottom?
Im buying it.
Lets Go!
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Post by peppy on Mar 13, 2020 7:08:29 GMT -5
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Post by awesomo on Mar 13, 2020 10:50:20 GMT -5
Looks like we’re stuck in purgatory, down no matter what the market does.
Open market insider buy would be great about now Mike? Kendall? Rose??
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Post by winstonsmith on Mar 13, 2020 11:44:32 GMT -5
Looks like we’re stuck in purgatory, down no matter what the market does. Open market insider buy would be great about now Mike? Kendall? Rose?? |
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Post by winstonsmith on Mar 13, 2020 11:45:55 GMT -5
Wow, this stock always amazes me in the most negative way. I wonder where this will bottom out at? 30 cents?
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Post by ktim on Mar 13, 2020 12:21:23 GMT -5
Looks like we’re stuck in purgatory, down no matter what the market does. Open market insider buy would be great about now Mike? Kendall? Rose?? Market is now probably pricing in no more money from Midcap. We have yet to see whether COVID meaningfully drops NRx and thus makes lowered covenants unrealistic. |
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Post by prcgorman2 on Mar 13, 2020 13:25:26 GMT -5
Wow, this stock always amazes me in the most negative way. I wonder where this will bottom out at? 30 cents? And THAT is the reason I haven't bought more. i.e., greed. I'm long because of Afrezza. It has proven to be the real deal. If MNKD hits .30 I'll be hitting the BUY button. (Almost did it today. Apparently others already are.) |
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Post by sportsrancho on Mar 13, 2020 14:03:04 GMT -5
$.67 is resistance. Peppy?
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Post by awesomo on Mar 13, 2020 15:10:19 GMT -5
Market down 7.5%, we go down 7.8%; market up 5%, we go down 5%. Weeee.... Figured I would update this for the week from hell. Mike needs to update his ridiculously arrogant "22% return slide". Tues: Market down 7.5%, we go down 7.8% Wed: Market up 5%, we go down 6% Thurs: Market down 9.8%, we go down 14.5% Fri: Market up 9.3%, we go up 1% (BARELY green) |
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Post by cretin11 on Mar 13, 2020 15:56:01 GMT -5
$.67 is resistance. Peppy? The word "resistance" probably should never be used when discussing MNKD stock. |
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Post by peppy on Mar 13, 2020 15:57:23 GMT -5
$.67 is resistance. Peppy? |
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Post by sportsrancho on Mar 13, 2020 16:03:03 GMT -5
$.67 is resistance. Peppy? Yes... Duh my bad🤣 |
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Post by peppy on Mar 13, 2020 16:12:34 GMT -5
I will tell you what I really think and try to keep enough lid on it.... because government is involved. With the press conference on the Emergency, COVID-19 testing to begin, call your doctor. With in 30 days 5 million COVID-19 tests will be available and drive throughs will be available. MY GUESS, I believe they have decided on the Korean Model which had a very low death rate, test everyone and treat the people that are positive. with the Korean model. So since we are not going to die in such large amounts, those aged 70 to 79 years had an 8% fatality rate and those aged 80 years and older had a fatality rate of 14.8%. 40-70% of the US pop. is expected to be infected by Coronavirus. Global COVID19 mortality rate is 3.6%. US pop: 331,000,000. 40% of 331mm is 132,400,000. 3.6% of 132,400,000 is 4,766,400. Perhaps MNKD will hold. MNKD Nasdaq real time volume, 2,465,298 shares. MNKD Nasdaq summary volume 3,836,160 Avg. Volume 3,091,209 0.9500. +0.0099 (+1.05%) At close: 4:00PM EDT 0.96 +0.01 (1.05%) After hours: 4:32PM EDT www.screencast.com/t/5qLJEZv4twww.screencast.com/t/eqGIjpWP9  |
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Post by peppy on Mar 13, 2020 16:22:13 GMT -5
one more thing. With any luck we can start 7-up Do the math, geez Louise.  |
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