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Post by joeypotsandpans on Nov 6, 2014 10:45:14 GMT -5
The 20th still looms but two weeks for them is like an eternity...meanwhile those that are looking to add are in deflation mentality mode...if the price declines they figure why jump in now if I can buy it lower tomorrow which works until it doesn't work anymore. So if that is their line of thinking, then if two weeks is an eternity for them, what do you think the 1st Q is to them, light years? Tues when the s/p was up over the 50dma do you think it was a coincidence that the patsy put his fudder out. It has been pretty routine looking over the last year or so that it's blatantly obvious. Also, on the down days look at the last 1/2 hr of trading...the price gets pressured because if there are shares on the margin that the houses don't want maintenance calls overnight they force sales in that last :20 - :10 minutes prior to close....then in the last 5 minutes it usually ticks back up a little. The 50d has been the resistance bar, need a good close above it and have it hold for a few days to change the psychology of things, whether that happens before or after the 20th remains to be seen but if you're looking for the anticipation move then I would expect it closer to a week out possibly. Maybe after next Tues. 11/11 after the SI is reported ....yo 11  Thanks for the explanation! Unfortunately the price movement has become a rise and repeat process. So as we get closer to the 20th the price will move up. Then SNY will talk, but will not get the price high enough above the 50d for it to become support. Then the shorts push the price down as we wait for product sales launch...which means really what? Again, no sales figures until...end of 2nd Qtr (May)? Plenty of time for the shorts to push the stock down again ( due to AF or SA saying sales would disappoint or that doctors/patients lack of interest in Afrezza). All I can say about the last statement is I am confident there are a lot of me out there that are also waiting for it to be able to go straight from Metformin to as natural acting an insulin available. For those that don't know any better, hopefully the SNY sales force will methodically educate along with peers in the diabetic community. The speed of which it gains traction might surprise some, and when it does then the sales will become a fact and not an estimation. |
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Post by babaoriley on Nov 6, 2014 11:05:19 GMT -5
Hi, Trend, you're too negative right now, IMO, of course. I can see us heading toward $5, no doubt, but buying will pick up by long term folk around that price. Well, Trend, perhaps I was too hasty! |
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Post by mannmade on Nov 6, 2014 11:19:38 GMT -5
I would say starting the day at $5.75 or so and then going to $4.99 qualifies as heading towards $5.00... and then some. Ouch! GLTAL's!
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Post by cusop on Nov 6, 2014 12:20:49 GMT -5
my meeril account says that the Dow allowed trading to resume again, does this mean that they interviened when the price dropped this morning?
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Post by mannmade on Nov 6, 2014 15:25:12 GMT -5
Most likely. I forget the percentages but I believe there is an automatic stop or halt to trading when a given stock (or an exchange for that matter) declines a certain percentage of the days starting value within a specified amount of time.
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Post by kc on Nov 6, 2014 17:09:52 GMT -5
Who is causing the flash crash that happened today during trading hours and then after trading hours again. The after trading hours was caused by a 100 share transaction? Now you know that some HFT is behind this trading. How can the drop it as fast as the did today. This first picture shows the range of trades in the 5000 shares and above at the time of the flash crash. Attachment Deleted |
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Post by kc on Nov 6, 2014 17:12:42 GMT -5
This picture shows what happened in After Hours to drop it again to the $4.98 level at 16:18 how does a trade of 100 shares cause this to occur? and than back up again? Somehow we need to get the SEC interested in this. Attachment Deleted |
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Post by BD on Nov 6, 2014 18:41:51 GMT -5
This picture shows what happened in After Hours to drop it again to the $4.98 level at 16:18 how does a trade of 100 shares cause this to occur? and than back up again? Somehow we need to get the SEC interested in this. kc, the bid/ask did not move when that happened, so it was just a late print. If you have a real-time quote feed, you see these jumps all the time AH, and people get very worked up about them when they don't understand they're meaningless. |
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Post by kc on Nov 7, 2014 0:48:44 GMT -5
Longs can play this game too. Set GTC buy orders at $5.00. Love to buy a couple more 1,000 shares at 5.00
If you have cash its a great way to beat them at their game.
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Post by kc on Nov 10, 2014 12:37:33 GMT -5
Trouble ahead for the shorts. Today Fidelity does not even have any shares available to short. They do have a message to call their 800 number and it also had a rate of 16.75% interest if there were any shares. Last summer before FDA approval their rate was 18.75% so its building to another climax. Perhaps in anticipation of November 20?
you get the following message:
AVAILABLITY OF THIS SECURITY IS LIMITED
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Post by cybergym66 on Nov 10, 2014 13:27:58 GMT -5
Trouble ahead for the shorts. Today Fidelity does not even have any shares available to short. They do have a message to call their 800 number and it also had a rate of 16.75% interest if there were any shares. Last summer before FDA approval their rate was 18.75% so its building to another climax. Perhaps in anticipation of November 20? you get the following message: AVAILABLITY OF THIS SECURITY IS LIMITED I like to think that the price will continue up as we approach Nov 20th and the fact that shares are not available to short is an encouraging sign - though I ask for clarity below. One question I have is we had a 10% drop in price which triggered a halt in trading. When the FDA decided to announce Afrezza approval 15 MINUTES before the market close (nothing suspicious here folks), the stock dropped when a report "mistakenly" came out saying it was rejected. I believe that was also a 10% (if not more event). Didn't that also cause some rule that shorting the stock of 3 days wasn't allowed? If so, could the lack of shares to short be due to this? |
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Post by kc on Nov 10, 2014 13:36:49 GMT -5
It would be very helpful if others would check what their brokers policies are on ability to sell short.
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Post by joeypotsandpans on Nov 10, 2014 13:42:23 GMT -5
From IB below, and also a friend of mine told me Fidelity was paying him 11% so guess they're holding 5%+ "vig" not bad....cost to carry has to be very painful IMO, thus expecting continued hit pieces like that from MF today.
Symbol: MNKD
Availability: 20'000
Exchanges: NASDAQ
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Post by kc on Nov 10, 2014 17:54:12 GMT -5
Wow look at this big after hours transaction. 1,186, 262 shares This occured during the day and then finalized after hours as a collection of transactions. It was either a fund or Hedge type deal. Never sure if it was an buy or sell buy my guess is a buy that occured during the day and then based on AVG days trade is how I think its done. Perhaps one you understand this better then me. For purpose of showing I only included shares over 10,000 in the picture. Attachment Deleted
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Post by joeypotsandpans on Nov 12, 2014 11:04:58 GMT -5
Yesterday and today at IB,
Symbol: MNKD
Availability: NA
Exchanges: NASDAQ
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