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Post by mnholdem on Sept 15, 2014 8:22:53 GMT -5
This chart serves to remind me both why my long-term investment in MNKD is solid and also why I shouldn't get hung up on near-term trader activity.
Attachment Deleted
As a long term investment, MNKD has a 2-Yr (Sept2012-Sept2014) Return of approximately 350% and 1-Yr (Sept2013-Sept2014) return of approximately 140%.
Also of significance for me is that during the past two years, MNKD has demonstrated strong resistance to dipping below the 200SMA for very long.
With several key pivotal events behind us, I remain very bullish and will continue to accumulate and build on my long-term investment in Mannkind Corporation.
Good fortune all!
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Post by kc on Sept 15, 2014 9:24:23 GMT -5
Watching the market is painful when you know that in 12 to 24 month that Afrezza will be a major player in the diabetes market. if you look at the top 100 list of USA drug sales you see that Lantus is currently at 11 and 16. You can see where other Insulin products are in terms of sales. If we come out of the gate with good sales then we will crack this list in the first 12 months and rise to a top 5 spot perhaps in 24 months. Lantus is top 11 and 16 in US sales. Afrezza will make the top 30 in 24 months www.drugs.com/stats/top100/sales The shorts have beat us down as they know that in time this will be a great product and a company with a good share price. I am in at a high point so I might as well hunker down as the ride will be choppy. Look at outstanding shares. The Shorts currently control about 74 million shares down from 78 million. of 420,000 shares there are about 120 million available to buy which 74 Million are controlled by the shorts. So somebody is trying to get control of the 46 Mil shares on the open market. Not sure is controlling the share pricing as this is an extreme case of minipulation by somebody. Just look at the total volume of shares traded since June 27, 2014 foward. Look at the wild days like August 11 & 12 with the big spikes and compare them to the days of avg volume of 4 to 5 million shares. Who is controlling the share pricing? |
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Post by fedakd on Sept 15, 2014 9:54:04 GMT -5
This is completely "f'ed" up. We are getting slammed. Down 50% with a positive ADCOM, FDA apprval, and partner? Something is very, very wrong here.
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Post by dreamboatcruise on Sept 15, 2014 10:09:34 GMT -5
This is completely "f'ed" up. We are getting slammed. Down 50% with a positive ADCOM, FDA apprval, and partner? Something is very, very wrong here. Yes, the idea of an "efficient market" has yet again been proven wrong. Supply and demand drives prices of shares just as everything else; and supply and demand is subject to emotion and manipulation thereof. |
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Post by mannmade on Sept 15, 2014 10:09:56 GMT -5
fedakd, we agree... For the record, I pay you more than lip service in my agreement with your feelings, I have posted several times about my frustration with Karp, Cramer and Feurstein, or as I refer to them and the others such as Sharon F, "the Usual Suspects" all of whom I believe are a front for the dark forces of BS (Bears & Shorts)
As pointed out above it has still been a good investment for most longs and for the longs that bought late (including me for some of the shares I bought at 10) it will seriously be in the rear view mirror by February of that I am confident. In the meantime, imho I recommend either stop looking or buy as much as you reasonably feel you can at this pps which again imho is Xmas in September...
As many on this board know, I have been buying for over five years with my first shares purchased at $3.81 and along the way as I was accumulating I bought significantly at $1.62 when dipped from my original purchase price. Never expecting the ups and downs that followed over the last several years, I also bought significantly on the up swings (unfortunately much on margin) and it has cost me dearly, both in money and emotional capital...
However, the good news is that even though this was a very expensive education, being caught on margin, I rethought my investment strategy and reduced my margin enough so that I am not now in the same position and in fact have been saving all available assets for just this moment...
As a competitive athlete once upon a time... (ah the good old days...) I am keeping my eye on the finish line and as I have said many times before I believe in the science and Al Mann and company so I have continued to put my money where my mouth is and block out the "noise" while trying to make sure not to miss the news, either good or bad... And now, like back at $1.62, I am prepared to buy a significant amount of shares.
Instead of worrying about what you can't control, worry about what you can... Or as Donald Rumsfeld (of whom I am not necessarily a fan) once said... "You fight with the Army you have..."
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Post by babaoriley on Sept 15, 2014 10:53:42 GMT -5
mannmade, as an athlete, did they keep moving the finish line on you? Or have you developed telescopic vision in response? LOL, I bought some more today, too!!
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Post by mannmade on Sept 15, 2014 10:57:35 GMT -5
Baba, LOL!! These days, it's age keeps moving the finish line... And in this case it's closer not farther... A directly inverse correlation to Mannkind's movement of the finish line... Cheers!!!
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Post by kc on Sept 15, 2014 11:11:04 GMT -5
Just remember that 89 is the new age 70.
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Post by fedakd on Sept 15, 2014 12:25:34 GMT -5
fedakd, we agree... For the record, I pay you more than lip service in my agreement with your feelings, I have posted several times about my frustration with Karp, Cramer and Feurstein, or as I refer to them and the others such as Sharon F, "the Usual Suspects" all of whom I believe are a front for the dark forces of BS (Bears & Shorts)
As pointed out above it has still been a good investment for most longs and for the longs that bought late (including me for some of the shares I bought at 10) it will seriously be in the rear view mirror by February of that I am confident. In the meantime, imho I recommend either stop looking or buy as much as you reasonably feel you can at this pps which again imho is Xmas in September...
As many on this board know, I have been buying for over five years with my first shares purchased at $3.81 and along the way as I was accumulating I bought significantly at $1.62 when dipped from my original purchase price. Never expecting the ups and downs that followed over the last several years, I also bought significantly on the up swings (unfortunately much on margin) and it has cost me dearly, both in money and emotional capital... However, the good news is that even though this was a very expensive education, being caught on margin, I rethought my investment strategy and reduced my margin enough so that I am not now in the same position and in fact have been saving all available assets for just this moment... As a competitive athlete once upon a time... (ah the good old days...) I am keeping my eye on the finish line and as I have said many times before I believe in the science and Al Mann and company so I have continued to put my money where my mouth is and block out the "noise" while trying to make sure not to miss the news, either good or bad... And now, like back at $1.62, I am prepared to buy a significant amount of shares. Instead of worrying about what you can't control, worry about what you can... Or as Donald Rumsfeld (of whom I am not necessarily a fan) once said... "You fight with the Army you have..." Great post! If I may ask, what price are you looking to make your entry at? Sounds like you are going to buy a substantial block of shares. |
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Post by mannmade on Sept 15, 2014 12:54:23 GMT -5
Thank you fedakd... Candidly, I have been waiting on a very significant check so oddly I might have purchased shares last week and then more this week. The late ck has helped temper me a bit as i thought last week might be the time... Oddly enough with a late check... it looks like I may benefit from hindsight after all in this situation...
Honestly for me, now that I have cleaned up my margin position, I will likely buy most over two or three days this week. Even if it goes down more I am confident that in 6 months, 12 months or really less, whatever price I buy it at within reason from todays current pps, won't matter in the long run and I am a long after all... GLTA!!!
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Post by mannmade on Sept 15, 2014 12:54:56 GMT -5
Just remember that 89 is the new age 70. Yes but my 20's and 30's were oh so good...  |
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Post by dreamboatcruise on Sept 15, 2014 14:26:54 GMT -5
Instead of worrying about what you can't control, worry about what you can... Or as Donald Rumsfeld (of whom I am not necessarily a fan) once said... "You fight with the Army you have..." I thought the Rumsfeld quote was "You fight against the State Dept that you have". |
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Post by mannmade on Sept 15, 2014 14:33:39 GMT -5
Instead of worrying about what you can't control, worry about what you can... Or as Donald Rumsfeld (of whom I am not necessarily a fan) once said... "You fight with the Army you have..." I thought the Rumsfeld quote was "You fight against the State Dept that you have". LOL! or SEC... |
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Post by kc on Sept 15, 2014 15:51:32 GMT -5
My favorite Rumsfeld is: "your on a need to know basis and you don't need to know".
or the best one!
“As we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say, we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know.”
I guess this applies to all of us as investors in MNKD.
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Post by ezrasfund on Sept 15, 2014 15:58:10 GMT -5
Sadly, what Rumsfeld forgot was that there are things we "know we know" that we do not know. WMD
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