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Post by novafett on May 15, 2015 13:45:51 GMT -5
I see the share price is rebounding and just curious?
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Post by ripano on May 15, 2015 13:51:10 GMT -5
IMHO the Bank of America presentation answered a lot of questions. Lines 2&3 by June along with DTC advertising.
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Post by mnkdorbust on May 15, 2015 14:02:48 GMT -5
and to learn about the 54,000 sample packs delivered to Sanofi (also in the BofA material)
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Post by jpg on May 15, 2015 14:50:01 GMT -5
It's got to be something more significant than these above explanations???
I find it unusual for management to allude to the debt conversion being done at almost 2 times the price at the time of the B of A conference? Is there something more going on that shorts just got wind of?
Did the possibility that Karp is out of Mannkind spooking some?
The Jeffries report?
A leak or rumor of pending approval in Saudia?
A hedge fund playing games with the shorts?
All of the above mixted into options expiration day?
I would love a better explanation....
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Post by parrerob on May 15, 2015 14:58:46 GMT -5
It's got to be something more significant than these above explanations??? I find it unusual for management to allude to the debt conversion being done at almost 2 times the price at the time of the B of A conference? Is there something more going on that shorts just got wind of? Did the possibility that Karp is out of Mannkind spooking some? The Jeffries report? A leak or rumor of pending approval in Saudia? A hedge fund playing games with the shorts? All of the above mixted into options expiration day? I would love a better explanation.... In my opinion the news about GS increasing his long position in the 5$ and 4$ in q1 just after downgrading Mnkd to 3 should have some effect in the market ... add the fact that we are near (should be near) to line2&3 approval and other hopefully nice following events
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Post by babaoriley on May 15, 2015 15:07:03 GMT -5
It's got to be something more significant than these above explanations??? I find it unusual for management to allude to the debt conversion being done at almost 2 times the price at the time of the B of A conference? Is there something more going on that shorts just got wind of? Did the possibility that Karp is out of Mannkind spooking some? The Jeffries report? A leak or rumor of pending approval in Saudia? A hedge fund playing games with the shorts? All of the above mixted into options expiration day? I would love a better explanation.... Well, you're not gonna get a better explanation, jpg, just some more guesses. I think at the top of my list is Karp and GS, getting some shorts to cover. Don't think options expiry had much at all to do with it, too big a move here. It may keep it pegged at $4 plus or minus a cent for today, though, but that's not what caused the move. You're comment about the Saudis is the most interesting, though. Matt made reference to places in the world easier to get approval than Europe, and that essentially piggy back on the FDA. I thought that was a very telling comment, and I'm hoping you're exactly right regarding Saudi Arabia or some other similar country(ies). Given the tight wraps MNKD management has apparently been under, it would not be a huge surprise that nothing about such a deal would have leaked yet (until today?). It's wishful thinking on my part, but why not, it makes some sense, and would be a huge piece of news.
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Post by notamnkdmillionaire on May 15, 2015 15:07:28 GMT -5
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Post by ezrasfund on May 15, 2015 15:07:46 GMT -5
Closed at $3.995. It is options expiration. If you doubted that the share price could be manipulated for maximum benefits, your doubting should be over.
I would still like someone to explain how all of those in the money puts will be handled. There are over 100,000 ITM contracts open representing 10 million shares. In my experience they cannot be closed out on OpEx day but must be exercised.
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Post by jpg on May 15, 2015 15:19:08 GMT -5
It's got to be something more significant than these above explanations??? I find it unusual for management to allude to the debt conversion being done at almost 2 times the price at the time of the B of A conference? Is there something more going on that shorts just got wind of? Did the possibility that Karp is out of Mannkind spooking some? The Jeffries report? A leak or rumor of pending approval in Saudia? A hedge fund playing games with the shorts? All of the above mixted into options expiration day? I would love a better explanation.... In my opinion the news about GS increasing his long position in the 5$ and 4$ in q1 just after downgrading Mnkd to 3 should have some effect in the market ... add the fact that we are near (should be near) to line2&3 approval and other hopefully nice following events Goldman increased it's stake? Really?
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Post by eddiemoy on May 15, 2015 15:20:42 GMT -5
Closed at $3.995. It is options expiration. If you doubted that the share price could be manipulated for maximum benefits, your doubting should be over. I would still like someone to explain how all of those in the money puts will be handled. There are over 100,000 ITM contracts open representing 10 million shares. In my experience they cannot be closed out on OpEx day but must be exercised. you damn right it is options guys manipulating the stock price today to kill off all the call contracts.... closed perfectly @ $4... If they can do it with apple, this is easy... but like to think that their ability to manipulate the stock is coming to an end when we get more and more penetration... Only time will tell.
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Post by babaoriley on May 15, 2015 15:24:41 GMT -5
Closed at $3.995. It is options expiration. If you doubted that the share price could be manipulated for maximum benefits, your doubting should be over. I would still like someone to explain how all of those in the money puts will be handled. There are over 100,000 ITM contracts open representing 10 million shares. In my experience they cannot be closed out on OpEx day but must be exercised. Ezra, once the stock got to around $4, then the kind of manipulation to peg it at the strike took over. But it did not run from $3.65 to $4 due to options expiry, no way, no how.
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Post by parrerob on May 15, 2015 15:25:42 GMT -5
Closed at $3.995. It is options expiration. If you doubted that the share price could be manipulated for maximum benefits, your doubting should be over. I would still like someone to explain how all of those in the money puts will be handled. There are over 100,000 ITM contracts open representing 10 million shares. In my experience they cannot be closed out on OpEx day but must be exercised. you damn right it is options guys manipulating the stock price today to kill off all the call contracts.... closed perfectly @ $4... If they can do it with apple, this is easy... but like to think that their ability to manipulate the stock is coming to an end when we get more and more penetration... Only time will tell. I saw it posted by fugacity in the 13 F thread second page Sorry this is response to GS long
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Post by jpg on May 15, 2015 16:45:58 GMT -5
This certainly is weird whatever caused this. Could some of the shorters have switched sides? Dump, bash, buy then pump...
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Post by mnholdem on May 15, 2015 17:30:37 GMT -5
I think they're still in control. The MMs used their machines to pull pps just below $4 on Options Friday. This was a costly day for them. They backed off at noon when the buying pressure built, then ran their machines the last half hour so that the 4 strikes would expire worthless.
Ordinarily, I'd expect price to start sliding on Monday, but the news that Karp bailed (hey, Jason, why didn't you ride your bet all the way to $0?) on half his MNKD holdings might trigger other shorts to start heading for the exits...in other words, there may be more buying pressure on Monday. Another analyst upgrade or some good company PR might help. Unfortunately, I have become so jaded over the past few months that I'm thinking we may see insider sales (Form 4 filings) this weekend...just kidding (chuckle).
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Post by _neil on May 15, 2015 17:47:13 GMT -5
The Jeffries report was reassuring but still makes me cringe whenever the spirometers are quoted as the main impediment. Why SNY? Why could you not see this? Ugh! I expect the momentum to continue next week even if it's not such a steep climb. Quite a few days like this before I break even. Hopefully, good things will come to those who wait
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