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Post by peppy on Aug 15, 2023 9:13:43 GMT -5
MNKD volume is increasing on this mornings rebound
Volume: 308,217
$5.26
0.20%
-0.011 Today
Aug 15, 10:12:27 AM UTC-4 ·
NASDAQ - 120
Heavy volume for MNKD at 1 hour of trade,
$5.225 -0.045 (-0.85%)
Bid: $5.22 x 3107 Ask: $5.23 x 1977
Volume: 466,915
AUG 15, 2023 10:30 AM ET
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Post by peppy on Aug 15, 2023 15:09:43 GMT -5
$5.24 -0.03 (-0.57%) CLOSED AT AUG 15, 2023 4:00 PM ET Volume: 2,665,690 at close, to $5.24 Unchanged Volume: 3,031,763 MNKD Daily schrts.co/YdSVDpjGThe daily, price is holding. We can see the resistance. Not much resistance left to go. MNKD weekly schrts.co/EVHsMtzzMNKD Monthly. so set up. schrts.co/vGWCIHgG |
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Post by runner on Aug 15, 2023 17:06:57 GMT -5
I am watching CNBC and a few minutes ago I saw the MNKD stock price come up on the ticker crawl across the bottom of the screen. I haven’t seen that for a very long time.
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Post by radgray68 on Aug 15, 2023 19:03:17 GMT -5
I am watching CNBC and a few minutes ago I saw the MNKD stock price come up on the ticker crawl across the bottom of the screen. I haven’t seen that for a very long time. Man, I've been following this stock too long. I read your statement and immediately I went to that dark voice in my head that said: the ticker being on TV is a signal to all shorts to pile on. Hope I'm wrong but we just had the most stellar quarterly ever. Knowing the history of Mannkind, I'm a little scared now. Thought it was funny I'm so conditioned to think like that. Am I alone? No. I bet at least one of you thought the same thing. haha |
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Post by ktim on Aug 15, 2023 19:25:02 GMT -5
I am watching CNBC and a few minutes ago I saw the MNKD stock price come up on the ticker crawl across the bottom of the screen. I haven’t seen that for a very long time. Man, I've been following this stock too long. I read your statement and immediately I went to that dark voice in my head that said: the ticker being on TV is a signal to all shorts to pile on. Hope I'm wrong but we just had the most stellar quarterly ever. Knowing the history of Mannkind, I'm a little scared now. Thought it was funny I'm so conditioned to think like that. Am I alone? No. I bet at least one of you thought the same thing. haha I definitely think many here are suffering from MNKD induced PTSD. I seriously doubt we'll see any piling on of shorts. |
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Post by prcgorman2 on Aug 16, 2023 6:31:37 GMT -5
Man, I've been following this stock too long. I read your statement and immediately I went to that dark voice in my head that said: the ticker being on TV is a signal to all shorts to pile on. Hope I'm wrong but we just had the most stellar quarterly ever. Knowing the history of Mannkind, I'm a little scared now. Thought it was funny I'm so conditioned to think like that. Am I alone? No. I bet at least one of you thought the same thing. haha I definitely think many here are suffering from MNKD induced PTSD. I seriously doubt we'll see any piling on of shorts. With very high and persistent SIR, the “piling on” has happened and continues. |
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Post by cretin11 on Aug 16, 2023 8:21:17 GMT -5
Man, I've been following this stock too long. I read your statement and immediately I went to that dark voice in my head that said: the ticker being on TV is a signal to all shorts to pile on. Hope I'm wrong but we just had the most stellar quarterly ever. Knowing the history of Mannkind, I'm a little scared now. Thought it was funny I'm so conditioned to think like that. Am I alone? No. I bet at least one of you thought the same thing. haha I definitely think many here are suffering from MNKD induced PTSD. I seriously doubt we'll see any piling on of shorts. I think you are correct. The MNKD story has changed. Tyvaso gives us some measure of security. Shorts will always be present (as with every stock out there), but with MNKD it is now more of a short term play for them. If we see share borrowing (and lending) rates skyrocket up, then that would be a different story. But we haven’t had that in years and I don’t think we will again. |
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Post by peppy on Aug 16, 2023 9:01:30 GMT -5
MNKD volume at 30 mins of trade, real time, Volume: 260,633 $5.1605 -0.0795 (-1.52%) At 15 mins of trade, 165,022 www.nasdaq.com/market-activity/stocks/mnkd/real-timeAdded, MNKD volume at 1 hour of trade, Volume: 410,728 .......................................relatively high volume for MNKD
$5.175 -0.065 (-1.24%)
Added, at 1 and 1/2 hours of trade, Volume: 692,919
$5.215 -0.025 (-0.48%) |
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Post by peppy on Aug 16, 2023 11:53:50 GMT -5
I missed the half by a few mins. MNKD volume is pretty high.
$5.095 -0.145 (-2.77%)
Volume: 1,497,441
AUG 16, 2023 12:52 PM ET
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Post by ktim on Aug 16, 2023 13:24:36 GMT -5
I definitely think many here are suffering from MNKD induced PTSD. I seriously doubt we'll see any piling on of shorts. With very high and persistent SIR, the “piling on” has happened and continues. A large portion of open short interest is likely tied to debt. Either you don't believe that or you view what is common practice for that type of debt financing is somehow "piling on". The share overhang is not great, but that debt financing is what allowed us to get to where we are... basically at profitability, rather than bankruptcy court, which is where we would have been without it. You seem to begrudge the ones that provided the lifeline for having hedged their position. In reality no one would have loaned MNKD money back then without a way of hedging. Management would have taken money from someone that wouldn't short the convertible shares if such an entity had existed. As for currently piling on, it sure doesn't seem that the open short interest is increasing meaningfully. Seems you have a much more dour opinion of MNKD than I do at this point. Your view that we are still driven primarily by people shorting the stock would lead to the logic of selling ones position with the pops of great earnings. Not my view. I believe we are in much, much better financial situation and other than swings typical of smaller biotechs, we are now in period where we are heading up in share price with little real effect from shorts. Glad I can enjoy the good times... guess I overcame the MNKD PTSD. |
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Post by biffn on Aug 16, 2023 14:47:21 GMT -5
Shorts are working hard to get it back to under five to keep MNKD share price and officers off the TV. And I don’t see this as lender hedging. Driving share price and market Value down is no way to collateralize the borrowers’ obligation. I am watching CNBC and a few minutes ago I saw the MNKD stock price come up on the ticker crawl across the bottom of the screen. I haven’t seen that for a very long time. |
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Post by peppy on Aug 16, 2023 15:07:51 GMT -5
I missed the half by a few mins. MNKD volume is pretty high. $5.095 -0.145 (-2.77%) Volume: 1,497,441 AUG 16, 2023 12:52 PM ET MNKD Nasdaq real time volume, 3,490,520 shares. $5.05 3.63% -0.19 That was hellish. |
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Post by ktim on Aug 16, 2023 15:12:05 GMT -5
Shorts are working hard to get it back to under five to keep MNKD share price and officers off the TV. And I don’t see this as lender hedging. Driving share price and market Value down is no way to collateralize the borrowers’ obligation. I am watching CNBC and a few minutes ago I saw the MNKD stock price come up on the ticker crawl across the bottom of the screen. I haven’t seen that for a very long time. If there is a meaningful increase in open share interest at next report that undoubtedly would not be the debt holders. But we simply aren't seeing increasing open short interest. It's holding steady and our share price is going up with each new dose of positive information. We popped nearly 18% on earnings... that often results in correction, especially when the market is down in general. The IBB biotech index is down today. What would you expect MNKD to do?? In general MNKD overshoots IBB when there's nothing MNKD specific... when it's down, we're down more, when it's up, we're up more. Seems a shame so many of you try to convince that MNKD isn't a good investment because it's going to be tanked by shorts... when the open share interest reports show new shorting really isn't happening. Maybe you have your reasons for talking down the share price. Hoping to buy more lower? What's your target for purchasing? If you're successful in driving price down, I'll happily take advantage to increase my position. And the shorting that the creditors did (happened long ago) was hedging, not collateralizing. It's not hard to figure out. It is very common in that type of debt financing. You can find tons of descriptions of the process with a bit of googling if you wish to understand. I'll avoid boring those that really have no interest. At the time it is pretty negative for companies, and we suffered from it back then. One potentially positive to that shorting back then that will accrue in the future is that when all that debt converts the shares would simply be used to return for the shares borrowed to short rather than otherwise potentially being dump into the market. We took the pain of that earlier, via the prior shorting. |
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Post by hellodolly on Aug 16, 2023 15:31:59 GMT -5
I can't say I can recall when I complained about the share price?? Might be my investment horizon so, I don't think about the short term so much as I do about the long term. I do have an account that I trade MNKD in to make a few grand here and there a couple times a year, as in the last jump on August 9th. I (we) have all seen this play out before and the table is set. The pop occurs only to sell-off in a day or two with the morning usually starting out with the SP going up, but slowly bleeding back down by afternoon. I sold half my position and will hold the rest for the next EC and a wash rinse, repeat. Now, in my long term account, I have a cost average of $2.14 and I'm currently +135.98%. I guess I have no opinion either way with the shorts. I know after watching this stock for years and years what it does and until that pattern changes, I'm putting green into my account.
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Post by Chris-C on Aug 16, 2023 15:34:36 GMT -5
frankly, I think you are the basher, covering for, and possibly representing short interest. We have seen that here for quite a while, as well. Personally, I don't think ktim is a basher at all, at least not from my experience with his posts and commentary. I understand your frustration at the share price today, but until you sell your shares it is just an unrealized figure. For those of us adding to our positions (as I did today, too early), it's another opportunity. If you are well familiar with the company, you know that the underlying value (fact based) of what you own is the important thing. I've been an investor for well over a decade and I've never felt better about MNKD. And the upgrades today from various sources? I think they are being conservative in their forecasts. Obviously, it did nothing for the share price. My experience with MNKD is that good news from upgrades is usually punished in SP action. I'll expect to see another bounce after the next quarterly earnings report. My target for selling some shares is still a couple years out. I would not be surprised to see us drift lower until mid September. I'm not at all sure what the new floor might be. I'd like to see it at $5, but a more realistic forecast might be in the mid to low 4's depending on the market, which is trending lower. Biotech is not a favored sector at the moment, that adds to the downward pressure. Another factor is the continuing strength of the economy, which increases the likelihood of another interest rate hike. Equity market bullishness and interest rates are inversely correlated. GLTAL Chris C |
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