There's An Open Gap At $4

[realisticview]

The gap was created the close of market the day before AdCom. It's never been filled. I believe at this point MNKD is dead money, and will be for quite some time as there won't be any product sales, or, numbers to be reported in this regard for quite some time. I would look for the shorts to slowly hammer this down in the face of no material news, and for MNKD to trade down to fill the gap at $4. For what it's worth, MNKD signed a mediocre deal for "the biggest blockbuster drug of all time". Peace.

[seanismorris]

$4? Haaahaaaa NO!

There is such a thing as being to focused on the technicals.

I look at technicals only for short term buying strategies.

$7 is the floor in my mind.

[joeypotsandpans]

Aug 11, 2014 17:33:35 GMT -5 realisticview said:

The gap was created the close of market the day before AdCom. It's never been filled. I believe at this point MNKD is dead money, and will be for quite some time as there won't be any product sales, or, numbers to be reported in this regard for quite some time. I would look for the shorts to slowly hammer this down in the face of no material news, and for MNKD to trade down to fill the gap at $4. For what it's worth, MNKD signed a mediocre deal for "the biggest blockbuster drug of all time". Peace.

I suggest you look up the term "breakaway gap" ....some gaps never get filled  the day we gapped up from Adcom was very much a breakaway gap on the highest volume in the past year (84mill+)  see definition here per investopedia:

 A strong breakaway gap out of a period of consolidation is considered to be much stronger than a non-gap move out. The gap gives an indication of a large increase in sentiment in the direction of the gap, which will likely last for some time, leading to an extended move.



The strength of this gap (and the accuracy of its signal) can be confirmed by looking at that volume during the gap. The greater the volume out of the gap, the more likely the security will continue in the direction of the gap, also reducing the chances of it being filled.

Never say never but I doubt that gap ever gets filled, by its very nature of the true definition if there was ever a "breakaway gap" that was one for this security IMHO