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Post by kc on May 15, 2015 12:56:10 GMT -5
Thank you Chicago! I forgot you were there. I hope that he had a great flight to wherever he might have been that that he tells us all about his trip next week. I bet he had brush up on his French. Oui Oui........ 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 vaijon on May 15, 2015 12:58:11 GMT -5
Just a quick note Spiro. Even with that many shares short, the smart shorts sell both puts and calls hence they are just hedging in a particular direction. It's the guys that make a committed bet to a single strategy, i.e. sell now and hope to buy back at a lower level that either hit a home run or strike out swinging. In addition, if you haven't noticed how the short interest remains high, it's not the fact that they are holding the exact same short they sold a year ago. They will often roll them forward so they don't need to cover right at the moment.
In essence, they are making a bet that if they wait this out long enough, it will die. I on the other hand am of the opinion that this will slowly continue to grow.
Finally, some of the volume today is related to the expiration of options today. There is a lot of volume in the $3.50 and $4.00 Calls and also the $4.00 and $5.00 puts.
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Post by spiro on May 15, 2015 13:01:55 GMT -5
I heard Spiro tell someone that Hakan has been camping out at his Endo's office since Monday. They have been trying to work him in.
John here
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Post by kc on May 15, 2015 13:31:21 GMT -5
Spiro don't kill the hopes of the masses who are hoping that Hakan is in France drinking wine.
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Post by Deleted on May 15, 2015 13:31:47 GMT -5
thanks for the thread derail.
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Post by spiro on May 15, 2015 13:41:03 GMT -5
KC, Spiro told me to tell you that, Hakan's sees an Endo in Paris, so he could very well be drinking wine in France somewhere.
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Post by Deleted on May 15, 2015 14:12:15 GMT -5
MANNKIND CORP CMN 56400P201 2,930 561,914 SH DFND 1 561,914 0 0
MANNKIND CORP CMN 56400P201 1,021 195,800 SH Put DFND 1 195,800 0 0
MANNKIND CORP CMN 56400P201 971 186,200 SH Call DFND 1 186,200 0 0
MANNKIND CORP CMN 56400P201 337 64,599 SH
MANNKIND CORP CMN 56400P201 4,415 849,057 SH DFND 1 849,057 0 0
MANNKIND CORP CMN 56400P201 4,710 905,700 SH Put DFND 1 905,700 0 0
MANNKIND CORP CMN 56400P201 10,096 1,941,500 SH Call DFND 1 1,941,500 0 0
MANNKIND CORP CMN 56400P201 133 25,648 SH
Goldman Sachs, after a downgrade, accumulates another 40% position, from 627k to 875k shares. Further, they increase their call position by over 1000% from $900k to over $10,000,000
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Post by rockstarrick on May 15, 2015 14:18:14 GMT -5
Interesting Thread Fugacity, thanks for sharing !!
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Post by compound26 on May 15, 2015 14:30:34 GMT -5
MANNKIND CORP CMN 56400P201 2,930 561,914 SH DFND 1 561,914 0 0 MANNKIND CORP CMN 56400P201 1,021 195,800 SH Put DFND 1 195,800 0 0 MANNKIND CORP CMN 56400P201 971 186,200 SH Call DFND 1 186,200 0 0 MANNKIND CORP CMN 56400P201 337 64,599 SH MANNKIND CORP CMN 56400P201 4,415 849,057 SH DFND 1 849,057 0 0 MANNKIND CORP CMN 56400P201 4,710 905,700 SH Put DFND 1 905,700 0 0 MANNKIND CORP CMN 56400P201 10,096 1,941,500 SH Call DFND 1 1,941,500 0 0 MANNKIND CORP CMN 56400P201 133 25,648 SH Goldman Sachs, after a downgrade, accumulates another 40% position, from 627k to 875k shares. Further, they increase their call position by over 1000% from $900k to over $10,000,000 So typical of GS. They do it again and again. They short (downgrade) something, but buy a ton of it themselves (at a lower price as of a result of their shorting (downgrading)). In the financial crisis, they promoted/sold subprime mortgage and then shorted it and made a killing. |
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Post by james on May 15, 2015 14:33:33 GMT -5
MANNKIND CORP CMN 56400P201 2,930 561,914 SH DFND 1 561,914 0 0 MANNKIND CORP CMN 56400P201 1,021 195,800 SH Put DFND 1 195,800 0 0 MANNKIND CORP CMN 56400P201 971 186,200 SH Call DFND 1 186,200 0 0 MANNKIND CORP CMN 56400P201 337 64,599 SH MANNKIND CORP CMN 56400P201 4,415 849,057 SH DFND 1 849,057 0 0 MANNKIND CORP CMN 56400P201 4,710 905,700 SH Put DFND 1 905,700 0 0 MANNKIND CORP CMN 56400P201 10,096 1,941,500 SH Call DFND 1 1,941,500 0 0 MANNKIND CORP CMN 56400P201 133 25,648 SH Goldman Sachs, after a downgrade, accumulates another 40% position, from 627k to 875k shares. Further, they increase their call position by over 1000% from $900k to over $10,000,000 $10M in calls?!? Good Lord! |
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Post by babaoriley on May 15, 2015 14:36:19 GMT -5
But wait, didn't GS say this puppy's going down? And then you're sayin' they bought calls? That can't be, must be mistaken. I don't understand, what is going on, it seems as though Goldman says one thing and does quite something else. Am I seeing this right, I've got to be confused, no reputable securities firm (oxymoron of the first magnitude) would act in that fashion. Would they? Although I'm not a big government proponent, I do think the government needs to establish a regulatory body to oversee the securities industry. I think it would be a great comfort to investors to know shenanigans like that aren't being played. It's about time, doesn't everyone agree? Such a body could even investigate that little angle, A. Feuerstein, Marty S., that man Karp, etc. And so why didn't that Karp guy wait for the stock to go lower ("0" for example is a nice, round number)? Another mystery. I should have known better than to get involved in stocks, it's just so confusing and counter-intuitive. Might we have caught a buy out offer at $4.25 or so? Spiro, get off the floor and onto your bar stool again.  I will say one thing, someone (or some combo of Al, Matt and/or Hakan) definitely had a come to Jesus conversation with someone as Sanofi after the quarterly call and demanded that they be allowed to say a little more, which Matt did nicely earlier in the week. Was it a great presentation? Not really, it's what should be expected, but compared to what we've been getting, it was a GREAT presentation. Very reassuring, and people here loved it, even if it didn't do much for the share price. I think the brass at MNKD sat down and listened to that quarterly call and were profoundly embarrassed by the weineeosity of it, not to mention the affect on the share price. The share price plunge since middle of February has got to be embarrassing to management, especially for a company with the ironic "embarrassment of riches." The worm seems to have turned this week, perhaps we'll have a little more time on the "up" escalator over the next while. |
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Post by dstevenson on May 15, 2015 14:42:43 GMT -5
Their answer will be, that department has nothing to do with the department that actually buys. Bet
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Post by liane on May 15, 2015 14:45:22 GMT -5
But wait, didn't GS say this puppy's going down? And then bought calls? I don't understand, what is going on, it seems as though Goldman says one thing and does quite something else. Am I seeing this right, I've got to be confused, no reputable securities firm (oxymoron) would act in that fashion. And so why didn't that Karp guy wait for the stock to go lower ("0" for example is a nice, round number)? Another mystery. I should have known better than to get involved in stocks, it's just so confusing and counter-intuitive. Might we have caught a buy out offer at $4.25 or so? Spiro, get off the floor and onto your chair again. baba, Maybe you'll be able to afford a trip to the AM after all. |
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Post by parrerob on May 15, 2015 14:46:35 GMT -5
Something strange here. During q1 SI made a huge increase from 75m to 995m. Any idea ? Do you think GS and BoA making joke of other hedge f. Or Big Player? I don't think so. Much more related to hedging Imo......
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Post by parrerob on May 15, 2015 14:48:14 GMT -5
Something strange here. During q1 SI made a huge increase from 75m to 995m. Any idea ? Do you think GS and BoA making joke of other hedge f. Or Big Player? I don't think so. Much more related to hedging Imo...... Sorry up to 95m. Not 995 (what an error) |
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