SIX DOLLARS!!!!!!

[prcgorman2]

Jul 17, 2024 7:12:44 GMT -5 brentie said:

finance.yahoo.com/news/opportunity-mannkind-corporations-nasdaq-mnkd-112617233.html

I remember studying DCF (Discounted Cash Flow) in a masters class on Corporate Finance.  Neat to see it in the article.  I think the short story is, “MTOI is right!!!”.  

[diski58]

So BD, just curious if you could ask your TA friend for me if he sees in the 5 year chart a W pattern forming which “could”lead to strong upside! Personally, I’m a TA fan and follow certain patterns so I’d be curious to see his viewpoint on this!

Thanks,

[casualinvestor]

So, related to hitting $6 is there an expectation that funds and other investors that are not allowed to invest in a stock under $5 would be getting on board? I'm not sure what rules these companies have, but I can imagine that something like "above $5 for XX days" along with other triggers.

[ktim]

Jul 17, 2024 9:46:10 GMT -5 casualinvestor said:

So, related to hitting $6 is there an expectation that funds and other investors that are not allowed to invest in a stock under $5 would be getting on board? I'm not sure what rules these companies have, but I can imagine that something like "above $5 for XX days" along with other triggers.

My understanding is that there are really very little meaningful restrictions pertaining to that magic $5 mark (a penny stock) now days.  The restriction was/is that brokers acting for individual investors could not promote penny stocks for the average investor and had to jump through some extra hoops of documentation of suitability if they did buy penny stocks for individual clients.  ETFs, mutual funds, hedge funds, etc. haven't had any such restrictions (*) and now few retail investors tend to be getting their stock recommendations from full service brokers.  There really is no rational reason to limit stocks based on the rather arbitrary metric of share price (which can easily be changed by splits and reverse splits).

* Though many funds do have style limitations that are self imposed... i.e. only large caps.  Funds might also have other self imposed rules that could involve an arbitrary per share price, but probably more common, limitations on low trading volume.

This is my understanding after looking into the issue once.  Glad to have someone correct me if I am incorrect.

[BD]

Jul 17, 2024 8:37:55 GMT -5 diski58 said:

So BD, just curious if you could ask your TA friend for me if he sees in the 5 year chart a W pattern forming which “could”lead to strong upside! Personally, I’m a TA fan and follow certain patterns so I’d be curious to see his viewpoint on this!

Thanks,

I’m not still in close touch enough to randomly hit him up for an analysis of MNKD, unfortunately. But I think he’d agree it COULD signal a move up if the pattern actually completes. Nothing is ever for certain.

[mytakeonit]

Zacks also put a BUY rating on MNKD.

[mymann]

It lasted a day in 6's. Back to being mnkd usual premature excitement. Hopefully after Er in August it will be back up to high 5's.

[BD]

So here are the day percent changes so far for all my regular stocks:

-3.20
-6.91
-1.92
-2.74
-3.40

Guess which one is MNKD?

-1.92.

Yeah, I can see why you're so demoralized, mymann.

[mymann]

UTHR seems to be doing well today. Not quite demoralizing.

[phdedieu12]

and LQDA down 11.65%

[sportsrancho]

Your stock has to be over $5 for a certain amount of time for CNBC to let you come on and talk about your company.

[BD]

Once more, MNKD down less than all my other equity positions (except crypto, but that's an ETF).
So not too shabby.

[kc]

Still holding after all these years.

[hellodolly]

Jul 22, 2024 3:14:45 GMT -5 kc said:

Still holding after all these years.

You're making this a habit...popping in unannounced 2x a year.  

[factspls88]

Been holding since Al Mann was alive - and loving the recent price action.