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Post by BlueCat on Oct 1, 2014 12:59:45 GMT -5
Ok - so there has been speculation that short covering could commence at $5.50/share - as in, right now.
There's also a fair amount of thought that there are support levels between now and sub 5.
That said - The PPS is effectively, one bad market day and short attack from that $5 level - which, if I understand, could:
1. Delist from NASDAQ
2. Result in some institutions not holding
As there are a number of longs on this forum that have been here since pre-Adcom, purchased at sub-5 numbers, or have been on the roller coaster from higher numbers around IPO, etc - what impact did the drop below this line have previously? Is there reason for concern - or are these FUD tactics to scare people into selling?
One thought I had (and silly me) and proposed on ST last night was that perhaps the shorts are trying to get institutions to jump out because where else will they find the 74 million share volume of sellers to buy from to cover? Certainly not from bankrupt longs and retail swing traders - most must be already shaken out, and just not that many real (versus fake) shares in the float available ...
Insight appreciated.
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Post by BlueCat on Oct 1, 2014 13:14:03 GMT -5
Oh and hey! I just noticed I made "Researcher"! Cool.
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Post by liane on Oct 1, 2014 13:22:47 GMT -5
Isn't delisting (perish the thought) sub $1 for >30 days?
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Post by kc on Oct 1, 2014 13:30:11 GMT -5
Correct on 1.00 or less. I'm not really worried as just when you think its bleak something good will happen. we are beatdown and battered but look off into the Horizon and you see nothing but blue sky ahead. You think that Institutional folks don't know how the susage is made? They have been in this rodeo with many companies that have been equally beat down. What are the Neg issues with MNKD? FDA approval on June 27th, Partnership on Aug 11th, Receiving 150 Million on September 29th.
What could be next for us perhaps SNY buying share ahead of 12 to 18 month to have a position in Mannkind before 12/31/2014?
Oh my what would the Shorts think if Sanofi really did decide to buy shares that are being sold at 50% off of retail prices. Now that wouldn't be a bad thing would it?
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Post by BlueCat on Oct 1, 2014 14:25:33 GMT -5
Ah yes - $1. One less thing! Sorry for the miss on that one!
Other FUD has been about some institutions not investing in stocks at those levels - but I've been thinking this is FUD, but wanted to confirm...
Personally- I just don't understand the sp - I mean really, its like the JFK assassination.
Even if I were short, I'd cover and drive up and make more there now by far. And can't be BP - its a BP that'll profit from this succeeding. Other BPs? I dunno. Defies even Mr. Evil logic at this point.
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Post by dreamboatcruise on Oct 1, 2014 14:58:07 GMT -5
Even if I were short, I'd cover and drive up and make more there now by far. And can't be BP - its a BP that'll profit from this succeeding. Other BPs? I dunno. Defies even Mr. Evil logic at this point. At times MNKD shares appear to be listed in the universe where Spock has a goatee.  |
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Post by trenddiver on Oct 2, 2014 1:41:34 GMT -5
What happens when the price drops below $5.00.
Trend backs up the truck and loads up !!
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Post by lyric14882 on Oct 2, 2014 2:23:18 GMT -5
Are you a bear in disguise?
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Post by cybergym66 on Oct 2, 2014 5:16:31 GMT -5
What happens when the price drops below $5.00. Trend backs up the truck and loads up !!I've been asking since MNKD was $9...what reason should investors buy this stock? And what keeps this stock at this level. Now we're under $6...So what keeps this stock at THIS level? Sub $5 is a real possibility. What have you heard from MNKD or SNY that would help prop up the price? Crickets in the Fall make more noise than them! (FYI, painfully long w/ Calls and stock) |
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Post by BlueCat on Oct 2, 2014 9:56:40 GMT -5
So perhaps, a good time to close off this thread.
Asked (2) questions about what would happen if it dropped below 5- and I believe we have the answers:
1. Delist? No. Not until $1. (My bad)
2. Drop institutions? Not clear - but even if some drop that are current investors, others would buy in. Reports seems to show this, and last one shows institutional ownership heading up - hopefully more with next report.
Otherwise - what would long-bullish shareholders do? Grumble, hold and wait - longer.
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Post by trenddiver on Oct 2, 2014 9:57:45 GMT -5
Are you a bear in disguise? If you are referring to me, the answer is - I am very bullish long term and own many shares. But just like everyone else, have lots of concerns and questions and don't mind shaking the trees for answers, or asking questions that might ruffle some feathers. Trend |
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Post by dreggy on Oct 2, 2014 10:23:43 GMT -5
Ok - so there has been speculation that short covering could commence at $5.50/share - as in, right now. There's also a fair amount of thought that there are support levels between now and sub 5. That said - The PPS is effectively, one bad market day and short attack from that $5 level - which, if I understand, could:1. Delist from NASDAQ 2. Result in some institutions not holdingInsight appreciated. The subject of the $5 level preventing some funds from owning a stock came up on another board and this insightful post came up: Totally disagree. I ran the trading desk at a top 5 mutual fund complex (retired now 10+years) and we had over 40 mutual funds none of which had the $5 requirement. We had plenty of guidelines to which there were always exceptions. Most mutual funds invest and compete against benchmarks and competitor groups based frequently on market cap and style. I believe this is a myth that frequents message boards. If it were true any BOD member of almost any company would reverse split anytime their stock price was under $5 to make sure they could keep institutional investors. It doesn't happen until companies are close to getting delisted from an exchange. |
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Post by BlueCat on Oct 2, 2014 10:28:53 GMT -5
Cool insight. Thanks. And yes, this is why I posted the question - FUD on other boards.
Of course from the retail side, there are limits on margin accounts for stocks below certain pps. But not as much impact I think on this stock, which would seem crazy to buy on margin and use stops.
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Post by dreggy on Oct 2, 2014 11:25:19 GMT -5
Some funds do target companies of a certain market cap, so if your market cap dropped below their limit, your stock would get sold.
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Post by mnholdem on Oct 2, 2014 23:19:36 GMT -5
Before launch? No frigging way. Institutions always start buying just before launch. They will start buying MNKD by December at the latest. I actually believe share price will be above the 52-week high and will keep heading north.
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