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Post by cretin11 on Sept 26, 2024 12:29:10 GMT -5
Hopefully that pays off. It’s nice to be on the way down but still in the 6s.
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Post by Chris-C on Sept 26, 2024 12:29:12 GMT -5
Meanwhile, I've been adding this week on the way down. The shorts love to play with this stock. It has been a dependable source of revenue for them since MNKD was founded. I have the urge to add more, but the question is where the falling knife lands? I almost thought $6.50 was going to hold as a floor, but I was clearly wrong on that! I'm curious what the chartists say about the next point of resistance? GLTAL PS. I love the Ukraine Flag avatar.
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Post by ktim on Sept 26, 2024 13:17:39 GMT -5
I'm no charting guru, but I'll probably buy back what I recently sold at $6.75 if we get down close to $6.
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Post by cretin11 on Sept 26, 2024 13:27:08 GMT -5
Yeah, getting back into put-selling territory for me.
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Post by prcgorman2 on Sept 26, 2024 13:43:48 GMT -5
To be fair, all i said was how time flies and that we were all saying the same things sayhey24 is saying now, back in 2017. Which was accurate. You pointed out how you knew better, even back then. I'm not calling you a clone of Spencer or LFD, but they were also pessimistic about Afrezza. They (and you) were right, while Mike and the rest of us were overly optimistic as it turned out. It's all good, we may politely discuss those events without gnashing of teeth, as now we have the UTHR partnership keeping us safely afloat and allowing us to focus on other pipeline projects. Meanwhile, trust me that Bill and the team at VDEX are not giving up on Afrezza (nor is MNKD), it is still as miraculous as it was in 2017, hopefully one day the "millions of PWDs" prediction will not be so off target! Dude, I was surprisingly optimistic, or at least willing to suspend pessimism while giving MC a chance to take a crack at not going bankrupt. He was bona fide for re-launch expertise so I was hopeful.
If anything, I've only slowly become pessimistic because even with the dramatic improvement in business circumstances, I don't have a lot of optimism Mike can solve the cost problem.
To be specific, if the COGS for a 90-day prescription is $600 for MannKind for example, I don't see any way to reduce that by 6x or 10x or whatever to be able to have good margins and also compete 1:1 with RAA consumer costs.
Afrezza is a premium product and worth a premium but I think my biggest question mark is the COGS. How much wiggle room is there for steeply discounting cost to PBMs to buy Tier 1 coverage? I went back and looked at the 10-Ks for 2017 and 2018 and I don't know what all went into those calculations but on the face of it, COGS for Afrezza may not be easily brought inline for what COGS is for an Eli Lilly or Sanofi, but maybe it can, I really don't know and I don't think it is easy to reverse engineer the costs to make any useful judgement about it.
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Post by parrerob on Sept 26, 2024 13:52:35 GMT -5
I'm no charting guru, but I'll probably buy back what I recently sold at $6.75 if we get down close to $6. Take a look at 6 months graph (yahoo finance f.e.)... seems that we will be at around 6$ middle of next week, then we will meet an ascending line, started middle april 24, and we should go up again. Obviusly we can go up sooner (or down big if some bad event occurs) but that line exists and it is well designed. Based just on my personal opinion (Absolutely not an expert on TA)... but may be Peppy can help on this.
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Post by cretin11 on Sept 26, 2024 14:51:14 GMT -5
I'm no charting guru, but I'll probably buy back what I recently sold at $6.75 if we get down close to $6. Take a look at 6 months graph (yahoo finance f.e.)... seems that we will be at around 6$ middle of next week, then we will meet an ascending line, started middle april 24, and we should go up again. Obviusly we can go up sooner (or down big if some bad event occurs) but that line exists and it is well designed. Based just on my personal opinion (Absolutely not an expert on TA)... but may be Peppy can help on this. Though not a believer in TA (at least regarding MNKD), I like prognostications and appreciate the specificity of your post here. Will be interesting to see how close your prediction is, hopefully you nailed it. That said, if folks want to continue the TA/chart convo, please have it on the "MNKD Charts" thread. I'll put parrerob's post there for reference. Thanks!
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Post by BD on Sept 26, 2024 16:22:52 GMT -5
This is pretty funny. I'm out of those $!#%-ing MNKD options finally, forever, finis, no more, the parrot is DEAD.
What I have left are a very particular set of skills MNKD shares that just sit there now. It's an amount I'm willing lose, let it go to zero and I don't care. Because I cannot trade this stupid stock. There's other stuff I can trade. Good luck if you're trading this. I'm glad there are also some decent option strategies, but I never took the time to get through the bible (Options as a Strategic Investment) and I probably should before ever even thinking of touching them, except as I use them now for leveraged long positions (NOT MNKD). That's really it. And in serious moderation at that.
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Post by prcgorman2 on Sept 26, 2024 20:41:38 GMT -5
LOL @ the parrot is dead. The spark of life has left its body, etc. What a great Monty Python skit. Needed a chuckle. Thanks BD!
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Post by runner on Sept 26, 2024 23:29:09 GMT -5
LOL @ the parrot is dead. The spark of life has left its body, etc. What a great Monty Python skit. Needed a chuckle. Thanks BD! Norwegian Blue, beautiful plumage!
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