|
|
Post by falconquest on Jun 18, 2020 19:45:14 GMT -5
Ok, this is just too weird. I have watched my other small Bio-Tech mirror a similar price action as MNKD for quite some time now. This morning they both jumped up similar amounts ~$0.24 or so completely out of the blue for no real reason. It just surprises me that completely different companies share price act so similar. Right now both have taken a dip going into the lunch hour MNKD is up $0.14 and mine is up $0.11. The charts are eerily similar today in particular. Can any of you "chartists" explain this? Ha, well, I'm not a chartist, but I will try to answer your question with a little humor. Years ago, a friend told me about a book she read where monkeys on an island had just learned to wash sweet potatoes. Shortly afterward, somehow, the monkeys on all the surrounding islands also started washing their sweet potatoes. Like the author suggested about the monkeys, maybe your two stocks have a " Cosmic Consciousness" between them??? Or, maybe the CEO's of the two companies are monkeys??? While the two stocks typically mirror each other today they were quite divergent. MNKD down $0.03 and my stock up $0.89. So the tendency was broken......today at least. What this tells me is that while we can surmise why MNKD stock moves a certain direction, if another similar issue mirrors its performance, to me that has more to do with institutions trading the group as a whole vs. whether shorts slightly increased their position or retail purchased more shares today. Retail doesn't move the share price much at all which is why comments on this board are much less significant than perhaps we care to admit IMO. |
|
|
|
Post by peppy on Jun 18, 2020 20:02:26 GMT -5
MNKD Nasdaq real time volume, 3,895,865 shares. MNKD Nasdaq summary volume, 6,961,771 shares Avg. Volume 2,417,696 1.8300-0.0300 (-1.61%) At close: 4:00PM EDT The volume coming in during the morning hours, dropping off in the afternoon, yesterday and today. It looks like buyers/short covering. Europe closes at 11:30 eat?
Volume has been dropping off after Europe closes.Yahoo Finance shows trading on European exchanges as negligible. A few thousand shares. And if someone in Europe is trading MNKD on the U.S. market exchange, then the closing in Europe shouldn't affect their trading in the U.S. What big Pharma that may have shorted MNKD are in Europe? Short covering out of Europe my guess. Orders being filled each morning. What are your guesses, how does this matter mnkdfann? I remember when you asked me something about a price prediction on the SPX..... you are getting under my skin.  |
|
|
|
Post by mnkdfann on Jun 18, 2020 20:13:54 GMT -5
Hmm, how does that matter? Yahoo Finance shows trading on European exchanges as negligible. A few thousand shares. And if someone in Europe is trading MNKD on the U.S. market exchange, then the closing in Europe shouldn't affect their trading in the U.S. What big Pharma that may have shorted MNKD are in Europe? Short covering out of Europe my guess. Orders being filled each morning. What are your guesses, how does this matter mnkdfann? I remember when you asked me something about a price prediction on the SPX..... you are getting under my skin. Huh? Who said anything about shorting? I just asked why trading hours in Europe would matter, since volume there is negligible (at least according to numbers on Yahoo Finance). |
|
|
|
Post by peppy on Jun 18, 2020 20:22:33 GMT -5
What big Pharma that may have shorted MNKD are in Europe? Short covering out of Europe my guess. Orders being filled each morning. What are your guesses, how does this matter mnkdfann? I remember when you asked me something about a price prediction on the SPX..... you are getting under my skin. Huh? Who said anything about shorting? I just asked why trading hours in Europe would matter, since volume there is negligible (at least according to numbers on Yahoo Finance). ok, I do not know. Looks like an order is being filled each morning. when the order is filled volume drops off. it is a global world of stock market trading. There seems to be an order being filled when Europe and the USA are open at the same time. The order/volume seems to drop off when Europe closes. coincidence or causation? I do not know. better? |
|
|
|
Post by prcgorman2 on Jun 18, 2020 20:58:20 GMT -5
Ha, well, I'm not a chartist, but I will try to answer your question with a little humor. Years ago, a friend told me about a book she read where monkeys on an island had just learned to wash sweet potatoes. Shortly afterward, somehow, the monkeys on all the surrounding islands also started washing their sweet potatoes. Like the author suggested about the monkeys, maybe your two stocks have a " Cosmic Consciousness" between them??? Or, maybe the CEO's of the two companies are monkeys??? While the two stocks typically mirror each other today they were quite divergent. MNKD down $0.03 and my stock up $0.89. So the tendency was broken......today at least. What this tells me is that while we can surmise why MNKD stock moves a certain direction, if another similar issue mirrors its performance, to me that has more to do with institutions trading the group as a whole vs. whether shorts slightly increased their position or retail purchased more shares today. Retail doesn't move the share price much at all which is why comments on this board are much less significant than perhaps we care to admit IMO. Unless something has changed recently, MNKD is very much dominated by retail investors. But I agree, plenty of comments here are not significant. |
|
|
|
Post by cretin11 on Jun 18, 2020 21:44:09 GMT -5
Ha, well, I'm not a chartist, but I will try to answer your question with a little humor. Years ago, a friend told me about a book she read where monkeys on an island had just learned to wash sweet potatoes. Shortly afterward, somehow, the monkeys on all the surrounding islands also started washing their sweet potatoes. Like the author suggested about the monkeys, maybe your two stocks have a " Cosmic Consciousness" between them??? Or, maybe the CEO's of the two companies are monkeys??? While the two stocks typically mirror each other today they were quite divergent. MNKD down $0.03 and my stock up $0.89. So the tendency was broken......today at least. What this tells me is that while we can surmise why MNKD stock moves a certain direction, if another similar issue mirrors its performance, to me that has more to do with institutions trading the group as a whole vs. whether shorts slightly increased their position or retail purchased more shares today. Retail doesn't move the share price much at all which is why comments on this board are much less significant than perhaps we care to admit IMO. You are being generous falcon. Comments on this board have a negligible, if any, effect on share price. But be careful, you’ll attract the ire of the conspiracy theorists with that sentiment. |
|
|
|
Post by thekid2499 on Jun 18, 2020 23:00:14 GMT -5
While the two stocks typically mirror each other today they were quite divergent. MNKD down $0.03 and my stock up $0.89. So the tendency was broken......today at least. What this tells me is that while we can surmise why MNKD stock moves a certain direction, if another similar issue mirrors its performance, to me that has more to do with institutions trading the group as a whole vs. whether shorts slightly increased their position or retail purchased more shares today. Retail doesn't move the share price much at all which is why comments on this board are much less significant than perhaps we care to admit IMO. You are being generous falcon. Comments on this board have a negligible, if any, effect on share price. But be careful, you’ll attract the ire of the conspiracy theorists with that sentiment. I'm not sure I agree in all circumstances. I recall someone unintentionally posting inaccurate script numbers here once and the stock shot up at the open quite substantially. When the script numbers were confirmed to be incorrect and in fact, much lower, the stock price came back down. That is an example when someone posting here did move the stock price pretty substantially. |
|
|
|
Volume 7
Jun 19, 2020 1:19:06 GMT -5
via mobile
Post by longliner on Jun 19, 2020 1:19:06 GMT -5
You are being generous falcon. Comments on this board have a negligible, if any, effect on share price. But be careful, you’ll attract the ire of the conspiracy theorists with that sentiment. I'm not sure I agree in all circumstances. I recall someone unintentionally posting inaccurate script numbers here once and the stock shot up at the open quite substantially. When the script numbers were confirmed to be incorrect and in fact, much lower, the stock price came back down. That is an example when someone posting here did move the stock price pretty substantially. That only works for up, according to our resident expert on stock manipulation "Captain zero" (whoa, did I just read negligible??)🤣🤣🤣. Honestly, the following list could continue all day, google it, it's just their paycheck. ok www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/news/press-release/2019-216&ved=2ahUKEwj7-pWGn43qAhVBKH0KHQZ9A6sQFjABegQIBBAI&usg=AOvVaw0GDPaTbC7mlB-KQ6aSO2wZ |
|
|
|
Post by akemp3000 on Jun 19, 2020 4:22:31 GMT -5
IMO, it seems when volume is low or average, the daily pps is dominated by retail investors. I too remember when this board showed weekly scripts suddenly jumping from 200 to 900. Turns out, it was a simple error where the poster saw and reported a monthly script number versus the weekly number. Regardless, the pps shot up. The poster quickly apologized and the price quickly came back down. Another time during Adcom, there was a seriously negative post and the price temporarily plummeted for about an hour only to find it was FUD. To my knowledge the source was never identified but a lot of shares changed hands in an hour and the source should have been jailed. Times like those make this board exciting...and insane  |
|
|
|
Post by cretin11 on Jun 19, 2020 5:38:35 GMT -5
You are being generous falcon. Comments on this board have a negligible, if any, effect on share price. But be careful, you’ll attract the ire of the conspiracy theorists with that sentiment. I'm not sure I agree in all circumstances. I recall someone unintentionally posting inaccurate script numbers here once and the stock shot up at the open quite substantially. When the script numbers were confirmed to be incorrect and in fact, much lower, the stock price came back down. That is an example when someone posting here did move the stock price pretty substantially. Yes, thank you thekid, that’s an example where a post here did have an effect. In fact, it’s the same example I used here a few days ago to make the same point. And like akemp said, there might have been a negative post around ADCOM time that affected share price to the downside temporarily. That’s twice in about 6 or 7 years. On both occasions the effect was short lived, price returned quickly once mistake was realized. This is the concept known as “the exception proves the rule.” The fact that we can only point to extremely rare exceptions, proves the rule that our posts here do not affect share price. As much as that pains certain people here. Those people desperately want to believe this stock price is being unfairly “held down” by negative posts on this board. The truth of course is that the market makes decisions based on evidence and performance. This should make our Conspiracy Club members here feel better, not worse. Because it means that if MNKD performs then we will be rewarded by the market, not held down by anybody posting here. Interestingly, many of the Conspiracy Clubbers here are the same people who have criticized VDEX, a company obsessed with getting Afrezza to diabetics. Makes you wonder... |
|
|
|
Post by peppy on Jun 19, 2020 5:46:17 GMT -5
|
|
|
|
Post by boytroy88 on Jun 19, 2020 5:55:56 GMT -5
That bid is 99.9k shares @$1.84 now! |
|
|
|
Post by prcgorman2 on Jun 19, 2020 6:07:44 GMT -5
Several folks have suggested the recent volume is related to the warrants expiring this month. I believe we’ve seen similar activity around warrants expiration before so I agree with them. Option expiration at the month and the quarter today so that could play in to, I agree. I completely disagree with cretin about board posting always being on the up and up. Complete hogwash. Oh yes, the market only ever moves on the purest of motivations. I don’t think even cretin believes that. Anyone who does any research about stock price manipulation will turn up ample examples. Supposedly there is an example of bragging about it in one of Cramer’s books admitting to it, but I wouldn’t know for sure since I’ve never read any of his books. He’s smart and well educated, but I wouldn’t trust him as far as I could throw him. Cretin, check out what the US Securities and Exchange Commission has to say about social media and stock price maniuplation: www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html |
|
|
|
Post by cretin11 on Jun 19, 2020 7:21:34 GMT -5
Several folks have suggested the recent volume is related to the warrants expiring this month. I believe we’ve seen similar activity around warrants expiration before so I agree with them. Option expiration at the month and the quarter today so that could play in to, I agree. I completely disagree with cretin about board posting always being on the up and up. Complete hogwash. Oh yes, the market only ever moves on the purest of motivations. I don’t think even cretin believes that. Anyone who does any research about stock price manipulation will turn up ample examples. Supposedly there is an example of bragging about it in one of Cramer’s books admitting to it, but I wouldn’t know for sure since I’ve never read any of his books. He’s smart and well educated, but I wouldn’t trust him as far as I could throw him. Cretin, check out what the US Securities and Exchange Commission has to say about social media and stock price maniuplation: www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.htmlprc, I’m not disagreeing with you on that general principle. My point is more narrow, that on this particular message board our posts do not move the price. The only exceptions being things like when incorrect script count was reported, or back when MC posted here (obviously a CEO posting carries more weight than the rest of us). I’m really just poking fun at certain folks here who claim that some posters on proboards are shorts or paid bashers, and that such posting activity is unfairly holding down share price. |
|
|
|
Post by thekid2499 on Jun 19, 2020 7:36:45 GMT -5
Several folks have suggested the recent volume is related to the warrants expiring this month. I believe we’ve seen similar activity around warrants expiration before so I agree with them. Option expiration at the month and the quarter today so that could play in to, I agree. I completely disagree with cretin about board posting always being on the up and up. Complete hogwash. Oh yes, the market only ever moves on the purest of motivations. I don’t think even cretin believes that. Anyone who does any research about stock price manipulation will turn up ample examples. Supposedly there is an example of bragging about it in one of Cramer’s books admitting to it, but I wouldn’t know for sure since I’ve never read any of his books. He’s smart and well educated, but I wouldn’t trust him as far as I could throw him. Cretin, check out what the US Securities and Exchange Commission has to say about social media and stock price maniuplation: www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.htmlprc, I’m not disagreeing with you on that general principle. My point is more narrow, that on this particular message board our posts do not move the price. The only exceptions being things like when incorrect script count was reported, or back when MC posted here (obviously a CEO posting carries more weight than the rest of us). I’m really just poking fun at certain folks here who claim that some posters on proboards are shorts or paid bashers, and that such posting activity is unfairly holding down share price. I used that example because that is a clear "cause and effect" example. There was a post on scripts and a clear reaction to the share price. I don't pretend to know if less clear, but clearly negative or positive posts, posted in a more continuous manner have any effect on the share price. For example, do continuous negative posts have the effect of suppressing the share price? I don't know. I think I'm a relatively rational person. I've never heard a good answer as to why people with no shares of MNKD stock spend lots of their time on this board posting about the company in a negative way over and over again. I could never fathom having the time or the inclination to do that and I can't see why any rational person would do that. It would make sense to me that you would have to have either nothing going on in your life or some type of motive to spend that much time and effort on a board for a stock you don't own. |
|
)