Just why did you invest in MNKD?

[saeedabroad]

During times like these, its always a good idea to remind ourselves why we signed up for sleepless nights (based in Hong Kong, I follow the US markets into the night) .

Here's an attempt. Feel free to add your flavor.

The three main attributes of a great growth investment are:

1. A revolutionary product that could eventually serve a mass market and thus has enormous growth potential.

2. A company that is not well loved, or not well known.

3. The stock is in an uptrend, revealing that investors generally are accumulating the stock because they are developing more positive perceptions of the company.

(Credit for above to Tim Lutts of Cabot Investments)

Remember Professional Funds / Analysts do not read StockTwits or Seeking Alpha or react to day-traders or doomsday preppers. They know how to evaluate a partnership agreement, and how to wait patiently for a few years if necessary for a big gain. In the case of MNKD, the journey didn't start with the FDA approval, that was a hearty breakfast. The journey proper started yesterday, with the announcement. The end game is always commercialisation, which means money.

So never mind the superficial day-traders and bed-wetters who are afraid of chasing glory.

Don't get me wrong, I am as nervous as the next guy - its what makes me human. Each time I get ready to punch that sell button, I remind myself of why I voluntarily signed up for this punishment.

Highly recommend we all do this from time to time. Now back to my deep meditation before the market opens.

[mannmade]

Isn't this what Warren Buffet would call a great company to invest in given the dynamics (economics of the company and how the marketplace is treating it currently) at this point of the market and what we all know about the science. Remember it's the SCIENCE... and ultimately that will prevail... as will those who have the guts to stick it out... And yes I understand this has been a very long and quite rough ride...  Hence my quotes at the bottom of my avatar for you history buffs...

[ezrasfund]

Sometimes I have to wonder how I can remain so calm (and even buy some more Jan 15 $5 calls) on a day like today. Yes, I've listened to every conference call and know about all of the publicly available information. But I think the real reason is that I was an entrepreneur and business owner myself. I have opened the doors for business in the morning without knowing if there would be any customers to help me pay the bills. I have stared down potential buyers, willing to walk away from a deal I needed to close. I'm not sure if it's courage or insanity, but I just don't get that sinking feeling on a day like today. I think MNKD made the best deal with the best partner. The bigger the success of Afrezza the more favorable these terms become, whereas the opposite would be true with a buyout. I may be crazy, but I'm not worried.

[saeedabroad]

Yup, true dat. Getting in early has its price, but also its rewards for those strong enough to stomach the ride.

I wouldn't be surprised to see Mr Buffet get involved one day, given MKND's large moat (10 years in development, etc.). He'd love that.

[babaoriley]

Aug 12, 2014 9:44:58 GMT -5 ezrasfund said:

Sometimes I have to wonder how I can remain so calm (and even buy some more Jan 15 $5 calls) on a day like today. Yes, I've listened to every conference call and know about all of the publicly available information. But I think the real reason is that I was an entrepreneur and business owner myself. I have opened the doors for business in the morning without knowing if there would be any customers to help me pay the bills. I have stared down potential buyers, willing to walk away from a deal I needed to close. I'm not sure if it's courage or insanity, but I just don't get that sinking feeling on a day like today. I think MNKD made the best deal with the best partner. The bigger the success of Afrezza the more favorable these terms become, whereas the opposite would be true with a buyout. I may be crazy, but I'm not worried.

Great post, ezra, and great attitude!  I have to admit to having that sinking feeling when I first looked at the share price this morning, however, I went ahead and sold some more naked puts.  I assume this is a bear raid, as I have not seen anything to justify such a drop.  However, days like this are quite discouraging to most, and that plays right into those 71 million short shares.

[garrett]

baba - since I am sure many now think this stock in "dead money" until 2015 first quarter earnings (with no binary event in the near future), I would not be surprised if Mannkind gets hammered down lower to some support level over the coming weeks. This will make for some sleepless nights but I know the stock will be higher then current PPS at the end of next year and I keep my focus there.