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Post by Deleted on May 15, 2015 11:05:15 GMT -5
Jason Karp's just filed 13F: MANNKIND CORP COM 56400P201 9,360 1,800,000 SH Put SOLE 1,800,000 Jason Karp's 13F from Feb: MANNKIND CORP COM 56400P201 17,210 3,300,000 SH Put SOLE 3,300,000 Seems Jason has removed nearly half his position. But I thought it was going to $0?Bank of America 13F just filed: MANNKIND CORP COM 56400P201 1,175 226,000 SH 226,000 0 0 MANNKIND CORP COM 56400P201 4 800 SH 0 800 0 MANNKIND CORP COM 56400P201 12,814 2,464,261 SH 2,430,388 0 33,873 MANNKIND CORP OPTIONS 56400P201 14,122 2,715,800 SH Call 2,715,800 0 0 MANNKIND CORP OPTIONS 56400P201 12,186 2,343,400 SH Put 2,343,400 0 0 Bank of America filed from Feb 13F: MANNKIND CORP COM 56400P201 1,168 224,000 SH 224,000 0 0 MANNKIND CORP COM 56400P201 4 800 SH 800 0 0 MANNKIND CORP COM 56400P201 11,133 2,134,760 SH 2,101,417 0 33,343 MANNKIND CORP OPTIONS 56400P201 3,716 712,600 SH Call 712,600 0 0 MANNKIND CORP OPTIONS 56400P201 5,303 1,016,900 SH Put 1,016,900 0 0 Seems, bank of america added 331k shares and $10.4 MM worth of calls. Doesnt seem too bearish does it?And yes, I know this was end of 1Q and we've dropped substantially since then, but its interesting data nonetheless.
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Post by babaoriley on May 15, 2015 11:29:27 GMT -5
I don't know about you, fugacity, but I'm gasping trying to breathe in this rarefied air of the high $3's!!
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Post by mnholdem on May 15, 2015 11:33:05 GMT -5
Suck it up, baba. Be a man like Bo Jackson (aka spiro).
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Post by benh on May 15, 2015 11:44:06 GMT -5
I don't know about you, fugacity, but I'm gasping trying to breathe in this rarefied air of the high $3's!! I have altitude sickness.
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Post by spiro on May 15, 2015 11:47:28 GMT -5
Spiro is quietly watching all of this hysteria take place. He is still waiting for Baba to explain how the shorts will be able to cover 100 million shares before MNKD and Sanofi start DTC and stage 2 of their marketing plan.
Spiro here, glad we didn't get better Rx numbers today, because the stock price would have plunged then
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Post by kc on May 15, 2015 11:56:08 GMT -5
Where was Hakan during the Bank of America call? Was he in Vegas or in France? Only Spiro knows the truth to the question.
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Post by jpg on May 15, 2015 11:57:28 GMT -5
Could Karp have bailed and now his followers are left holding the bag?
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Post by babaoriley on May 15, 2015 11:58:39 GMT -5
Where was Hakan during the Bank of America call? Was he in Vegas or in France? Only Spiro knows the truth to the question. Perhaps tied up in the trunk of Al, Matt and Hakan's rental car?
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Post by babaoriley on May 15, 2015 12:00:02 GMT -5
I don't know about you, fugacity, but I'm gasping trying to breathe in this rarefied air of the high $3's!! I have altitude sickness. The G forces are getting extreme!
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Post by babaoriley on May 15, 2015 12:06:11 GMT -5
Spiro is quietly watching all of this hysteria take place. He is still waiting for Baba to explain how the shorts will be able to cover 100 million shares before MNKD and Sanofi start DTC and stage 2 of their marketing plan. Spiro here, glad we didn't get better Rx numbers today, because the stock price would have plunged then Spiro, I have been telling you for years the shorts are more clever than we emotional longs, and I think the share price action over that time tends to advance my thoughts. Not only are thehy more clever, but far more diabolical and nasty. Look at that recent attack and all the media firepower they brought to bear (so to speak). One way or another, most will cover gracefully. Naturally, I hope you're right and they finally get caught, but so far, they are, at the least, holding their own. Today is good, though, very, very good! I might even get a nickel for my May $4 strike call options which I very foolishly didn't sell a while back!
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Post by ezrasfund on May 15, 2015 12:13:11 GMT -5
This must be the OpEx madness. We often ask about calls that are in the money, and how they will be covered. But today over 100,000 puts will expire ITM. That's 10 million shares that have to be delivered, albeit at a significant profit. Can this be done synthetically or do the shares really need to be owned to be "put"? If you bought "naked puts" without owning the underlying shares as a short strategy it seems you would want to close out the position before OpEx. Can anyone explain this?
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Post by chicagpete on May 15, 2015 12:17:32 GMT -5
Where was Hakan during the Bank of America call? Was he in Vegas or in France? Only Spiro knows the truth to the question. Perhaps tied up in the trunk of Al, Matt and Hakan's rental car? Hakan definitely wasn't in Vegas Wednesday at BofA conference. But Al and Matt had a "friendly" analyst sitting between them over lunch right after the call. A good 45 minute conversation.
I have heard Matt commenting a couple times over past week that they have not given up on converting the $100m due in August if above $6.80. IMO - still very possible to occur
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Post by kball on May 15, 2015 12:22:21 GMT -5
Perhaps tied up in the trunk of Al, Matt and Hakan's rental car? Hakan definitely wasn't in Vegas Wednesday at BofA conference. But Al and Matt had a "friendly" analyst sitting between them over lunch right after the call. A good 45 minute conversation.
I have heard Matt commenting a couple times over past week that they have not given up on converting the $100m due in August if above $6.80. IMO - still very possible to occur
70% increase from these levels though. In 3 months?
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Post by Deleted on May 15, 2015 12:26:09 GMT -5
Hakan definitely wasn't in Vegas Wednesday at BofA conference. But Al and Matt had a "friendly" analyst sitting between them over lunch right after the call. A good 45 minute conversation.
I have heard Matt commenting a couple times over past week that they have not given up on converting the $100m due in August if above $6.80. IMO - still very possible to occur
70% increase from these levels though. In 3 months? Matt was not stating he will convert as the share price will be above 6.80 , but rather an option to convert if share price is above 6.80.. no once can predict the price at any point of time...Who would have thought we will be below 4?
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Post by chicagpete on May 15, 2015 12:34:29 GMT -5
Hakan definitely wasn't in Vegas Wednesday at BofA conference. But Al and Matt had a "friendly" analyst sitting between them over lunch right after the call. A good 45 minute conversation.
I have heard Matt commenting a couple times over past week that they have not given up on converting the $100m due in August if above $6.80. IMO - still very possible to occur
70% increase from these levels though. In 3 months? I believe we dropped quicker than that in shorter amount of time. and much will - and has been - addressed to improve scripts which should have some impact before then. And not to mention Shareholder Meeting, ADA conference, DTC in July, etc..... - I am just sensing confidence from the "home" team. I cant increase my position - nor am I selling - so short term price swings not really critical to me. But I am just trying to read between the lines on what I have been hearing/seeing......
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