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Post by alethea on Jan 27, 2016 16:30:46 GMT -5
123,892,191... 8.8 days to cover ( previous period was 120,719,394) Sanofi pulls out of partnership, 71 million shares trade on Jan 5 and 6. And Short Interest has increased by more than 3 million shares. Wow, just wow! I wondered whether or not Shorts may have been able to cover 10 or 20 million shares. But NO!   And the 8.8 days to cover is an absolute joke! I have watched the market closely since the last announcement. I'll guaran-dang-tee that there has absolutely NOT been any significant short covering until maybe today. I can't prove it but I KNOW that the true share volume from genuine, retail traders is several hundred thousand shares a day..... AT MOST. 95% or more of the daily volume we see is just Wall Street crooks playing with the share price all day long. Trading back and forth between themselves. I'm telling you, if Shorts have to acquire shares from genuine longs, the Days to Cover is closer to two months than it is 8.8 days at the current level of volume. I posted previously how impressed I was with Matt and Ray's conference call. I thought it was terrific. Coupled with today's Short Interest news I am much more optimistic than I have been in a long time! |
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Post by joeypotsandpans on Jan 27, 2016 16:34:39 GMT -5
123,892,191... 8.8 days to cover ( previous period was 120,719,394) Sanofi pulls out of partnership, 71 million shares trade on Jan 5 and 6. And Short Interest has increased by more than 3 million shares. Wow, just wow! I wondered whether or not Shorts may have been able to cover 10 or 20 million shares. But NO! And the 8.8 days to cover is an absolute joke! I have watched the market closely since the last announcement. I'll guaran-dang-tee that there has absolutely NOT been any significant short covering until maybe today. I can't prove it but I KNOW that the true share volume from genuine, retail traders is several hundred thousand shares a day..... AT MOST. 95% or more of the daily volume we see is just Wall Street crooks playing with the share price all day long. Trading back and forth between themselves. I'm telling you, if Shorts have to acquire shares from genuine longs, the Days to Cover is closer to two months than it is 8.8 days at the current level of volume. I posted previously how impressed I was with Matt and Ray's conference call. I thought it was terrific. Coupled with today's Short Interest news I am much more optimistic than I have been in a long time! ^^^^ Alethea gets it  |
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Post by dg1111 on Jan 27, 2016 16:43:38 GMT -5
I don't think there could have been a better opportunity for shorts to cover than when Sanofi terminated the agreement. I am really surprised that we didn't see covering then, especially when you consider the volume.
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Post by mnholdem on Jan 27, 2016 16:50:29 GMT -5
Contrary to popular opinion, shorts do not know everything. They can keep on churning the shares while they wait for material news to break, but that's a risky game on their part, it seems to me.
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Post by compound26 on Jan 27, 2016 16:54:58 GMT -5
With the prices of 2017 and 2018 calls this cheap right now, the shorts may have either hedged themselves or will have an easy time to cover via purchase of calls if they need to (until our PPS goes back to say $3 or higher). At this point of time, I think we probably do not need to worry ourselves on shorts any more, whether they have covered or not. I do not think a short squeeze will ever occur, even if we eventually recover to $5/6, or for that matter $10, or higher. A short squeeze will only occur if a buy-out with significant premium is announced to the surprise of the shorts (so that they do not have time to cover). If a buy-out at a price of $5/6 or higher is announced today, there may be a short squeeze. |
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Post by Deleted on Feb 9, 2016 10:17:27 GMT -5
Numbers will be out today ( before noobies starts a new thread )
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Post by kbrion77 on Feb 9, 2016 10:18:56 GMT -5
Numbers will be out today ( before noobies starts a new thread )"What does this short interest mean, does a high short interest mean MNKD is going bankrupt?" |
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Post by patten1962 on Feb 9, 2016 10:21:59 GMT -5
Numbers will be out today ( before noobies starts a new thread ) Thank you. Look forward to reading. New beeeeeeeeeeee |
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Post by Deleted on Feb 9, 2016 12:02:38 GMT -5
Numbers will be out today ( before noobies starts a new thread )"What does this short interest mean, does a high short interest mean MNKD is going bankrupt?" It means when the short interest hits zero Hakan is going to streak through the ada meeting in June with just hit glasses on |
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Post by sla55 on Feb 9, 2016 16:05:35 GMT -5
Short Interest 1/29/2016: 124,410,902
Days to cover: 17.268020
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Post by nadathing on Feb 9, 2016 16:17:20 GMT -5
Is it possible that a lot of them covered after the announcement and then shorted again? Seems like they made a lot of money and may be trying to soak every cent out of MNKD.
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Post by goyocafe on Feb 9, 2016 16:20:27 GMT -5
Is it possible that a lot of them covered after the announcement and then shorted again? Seems like they made a lot of money and may be trying to soak every cent out of MNKD. How did they cover that many shares and not affect the share price. A 30% pop isn't enough to absorb that many shares. At least not in my reckoning. |
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Post by nadathing on Feb 9, 2016 16:51:41 GMT -5
I don't know. How do they manage to drive the pps down on good news? I'm not a conspiracy theorist and don't know a lot about how stocks are manipulated, but MNKD's pps never makes sense.
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Post by lorcan458 on Feb 9, 2016 17:07:50 GMT -5
I don't think they actually covered, as in bought the shares they shorted at true market value from institutional investors, Al Mann, or retail longs. I think the money is being made on options expiring as worthless. The shorts appear to be trading among themselves from account to account in vastly larger volumes than the true, unmanipulated volume. They routinely fill 100 unit orders in increments of 1/1000th of 1 cent. The current share price is nowhere near true market value. Mannkind is either worth $20 a share or nothing. If the medical results of Afrezza win out, $20+, if the company can be forced to sell out far below the medical potential of Afrezza, that's down to management that is in way over its head in combating Wall Street manipulation.
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Post by morfu on Feb 10, 2016 0:07:31 GMT -5
Is it possible that a lot of them covered after the announcement and then shorted again? Seems like they made a lot of money and may be trying to soak every cent out of MNKD. Right.. and the benefit of such a behavior would be!? (They just really like to pay commission.. is that why they would do such a thing!?) |
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