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Post by Deleted on May 20, 2016 16:34:57 GMT -5
ironic that the short interest is @ 105 mil and the new shares + warrants = 100 mil shares..
Clean exit @least for few majority short holders?
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Post by patten1962 on May 21, 2016 6:48:57 GMT -5
ironic that the short interest is @ 105 mil and the new shares + warrants = 100 mil shares.. Clean exit @least for few majority short holders? Some people at the meeting said the same thing! One person even eluded that he had reasonable conformation that it was short sellers that bought them so they would not get squeezed. |
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Post by tayl5 on May 21, 2016 9:25:20 GMT -5
A fun short squeeze in response to the upcoming positive announcements would be good, but if we miss out on that because the shorts paid up front to keep us out of bankruptcy, that seems like a reasonable trade. Would have been better at a higher share price, of course. Everything would.
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Post by Deleted on May 23, 2016 12:43:38 GMT -5
If a clean exit were the case why are there still no shares available to short?
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Post by sla55 on Jun 9, 2016 15:13:25 GMT -5
Short interest 5/31/2016 = 86,478,598
Days to cover = 15.074716
Change: -10,741,127
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Post by Deleted on Jun 9, 2016 15:16:54 GMT -5
Short interest 5/31/2016 = 86,478,598 Days to cover = 15.074716 Change: -10,741,127 another 11 million covered... nice.. from a high of 130 mil 02/12 to to 86.5 0n 05/31 way to go shorts ringing $$$$$$$ www.nasdaq.com/symbol/mnkd/short-interest |
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Post by Deleted on Jun 9, 2016 16:06:07 GMT -5
Am i the only one that views this as a bad thing? The short interest decreasing actually makes me nervous. I don't think short sellers are nervous of a squeeze. I think they don't want to sit on this for another year as the gains are not worth the time. IDK
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Post by cjc04 on Jun 9, 2016 17:07:19 GMT -5
I've given up on a magic short squeeze a long time ago. Good for them if they get off easy, I don't care anymore, I just want them (and the viscous attack on this company that they represent) GONE!
With that said,,,, I'm a bit concerned that we've dropped 50 mil shorts, and the sp is ONE DOLLAR!!!! And with no real reason (at least that we're privy to) for those shorts to cover.
I just fear that the shorts have a 50 mil reload with NO room in the sp for an attack that large.
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Post by sportsrancho on Jun 9, 2016 17:08:17 GMT -5
Am i the only one that views this as a bad thing? The short interest decreasing actually makes me nervous. I don't think short sellers are nervous of a squeeze. I think they don't want to sit on this for another year as the gains are not worth the time. IDK Same thing happened to JCP when it bottomed out. The short trade was over. Time for them to go long don't ya think? IDK If I buy a stock for a trade and it doesn't move, I sell it. I was wrong. So I see your point. But I can't see it as a bad sign. |
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Post by lakon on Jun 10, 2016 13:32:52 GMT -5
Hmm, 80 + 50 = 130... Wasn't the recent offering around 50 mil sh? Guess covering does not count as going to shorts...
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Post by matt on Jun 10, 2016 14:46:27 GMT -5
This was a better short a year ago when the price was still above $6. While there is theoretically money to be made all the way to zero, the lower the price the higher the risk that the stock will pop unexpectedly and cause some pain. That was less of a risk at $6 and poorly performing script numbers than it is now at $1 and a new marketing plan.
The biotech world always has high PPS targets that are overpriced relative to fundamental value. No use chasing the last few pennies in $1 stocks when there are easier pickings elsewhere for those that like to trade the short thesis. It may not be MNKD so much as MNKD in comparison to other opportunities.
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Post by Deleted on Jun 10, 2016 15:04:03 GMT -5
Hmm, 80 + 50 = 130... Wasn't the recent offering around 50 mil sh? Guess covering does not count as going to shorts... You gotta love how illegal the concept was bringing the two together but I guess the law firm 3rd party makes it ok....lol |
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Post by agedhippie on Jun 10, 2016 20:03:55 GMT -5
Hmm, 80 + 50 = 130... Wasn't the recent offering around 50 mil sh? Guess covering does not count as going to shorts... You gotta love how illegal the concept was bringing the two together but I guess the law firm 3rd party makes it ok....lol I'm not sure what's illegal. If you borrow shares to short you don't have to settle your short position with those share. Any shares will do. |
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Post by Deleted on Jun 11, 2016 8:51:15 GMT -5
You gotta love how illegal the concept was bringing the two together but I guess the law firm 3rd party makes it ok....lol I'm not sure what's illegal. If you borrow shares to short you don't have to settle your short position with those share. Any shares will do.Why would they not use the offering, and close out their short position in one shot? A 50 million share covering would cause a massive squeeze and affect their gains. Oh and it just so happens the numbers look (according to short interest data) like they match up. Those 50 million shares through the offering were a get out of jail free card for who ever held these massive short selling positions. Very small movement to the price but yes MNKD benefited because they raised much needed capital. My point is you have to love how illegal the concept is because the use of the law firm finding the shorts and bringing them together with MNKD avoids collusion between the two. Are you going to tell me that if MNKD reached out to one of these shorts sellers on their own and had a conversation about the 50 million it would be perfectly kosher with the SEC? |
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Post by patten1962 on Jun 12, 2016 8:11:59 GMT -5
Question. First off I have never shorted a stock. My question is, when a person shorts a stock he/she needs to pay intrest on his/her position. Is it possible MM are keeping Mannkind stock from moving to get rid of the shorts?
Thank you.
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