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Post by orlon on Jun 10, 2015 14:04:56 GMT -5
It appears the shorts are doing their best to drive the price back down after Monday' nice run up. Just a gut feeling, but I sense a degree of desperation in the past two days of trading. Something has to give, especially with short interest at 131 million shares.
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Post by dudley on Jun 10, 2015 14:12:49 GMT -5
The way MNKD keeps downplaying things is hardly the way to instill fear in the shorts. Sam Finta has singlehandedly done more to get the word out than the entire MNKD organization at this point. I think Al Mann is a hero and a genius and I think Afrezza is a truly miraculous product. I just cannot believe the lack of effort going into communicating this.
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Post by orlon on Jun 10, 2015 14:39:55 GMT -5
But as Lt.Gen Puller once said during the race to the Yalu River during the Korean War and surrounded by ten divisions of Chinese troops: "Poor bastards. They got us right where we want them."
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Post by cubonwallstreet on Jun 10, 2015 14:40:07 GMT -5
It appears the shorts are doing their best to drive the price back down after Monday' nice run up. Just a gut feeling, but I sense a degree of desperation in the past two days of trading. Something has to give, especially with short interest at 131 million shares. My guess is that the shorts somehow had something to do with the run-up of stock price. We see this quite often, time and time again. The price moved up on basically no news. And again, it travels back down. |
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Post by babaoriley on Jun 10, 2015 14:54:59 GMT -5
Hard to say exactly what is in play. However, the stock has done what is has done so often in the past. I was hoping for a break in that pattern, but alas....
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Post by patryn on Jun 10, 2015 15:15:10 GMT -5
A desperation of s(h)orts indeed. I find it hilarious that I went to bed on Friday night ecstatic that I would be getting 31% interest on $6 shares all weekend, and my expectations have already readjusted from the run up on Monday. From the amount of sky is falling type bearish commentary today you would think that we had news that afrezza was torturing small furry animals or something. We longs have all the time in the world for this to play out if our investing thesis is correct and the shorts are paying us a premium to do so. No reason for us to panic.
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Post by dudley on Jun 10, 2015 15:28:09 GMT -5
Don't really think it is "sky is falling" stuff. I think most of us are ok with the general direction. I am long and plan to hold for years. I just get really sick of MNKD getting treated like a punching bag by the likes of Feurstein and virtually every other online rag. It is a mystery to me why we have to read about these mind-blowing results on Twitter. There is more than enough compelling, hard evidence now that Afrezza works better than any insulin ever developed - period. It would just be incredibly beneficial to every investor and every patient and doctor to see something legitimate from a credible source documenting these amazing results. THAT is where my frustration is - knowing the company is sitting on this blockbuster and never hearing anything from them about it, but barraged at the same time by Feurstein, Motley Fool and all the other lame-o's.
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Post by jimo on Jun 10, 2015 16:48:47 GMT -5
Shorts are not desperate - they are actually extremely confident and easily pushed us down over the past 2 days. I still haven't figured out what drives their confidence but keep coming back to Sanofi's lack of public commitment. Without Sanofi's complete commitment the MannKind sessions like today do nothing to support a solid run.
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Post by Deleted on Jun 10, 2015 16:52:50 GMT -5
Shorts are not desperate - they are actually extremely confident and easily pushed us down over the past 2 days. I still haven't figured out what drives their confidence but keep coming back to Sanofi's lack of public commitment. Without Sanofi's complete commitment the MannKind sessions like today do nothing to support a solid run. Uptick rule was in effect. A lot of it was selling by swing and daytraders, IMO. |
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Post by eddiemoy on Jun 10, 2015 17:14:35 GMT -5
Shorts are not desperate - they are actually extremely confident and easily pushed us down over the past 2 days. I still haven't figured out what drives their confidence but keep coming back to Sanofi's lack of public commitment. Without Sanofi's complete commitment the MannKind sessions like today do nothing to support a solid run. Uptick rule was in effect. A lot of it was selling by swing and daytraders, IMO. i have a hard time believing this is retail, over 22m share traded, i don't think it is retail. the pattern looks familiar. the sharp drop. to me it feels like more shorting, probably naked to take out stops then a buy back at end of day so it doesn't need to be reported? i think we will see another huge increase in short interest come 6/24. possibly over 160M... reason i think this is they shorted 18M to get us to the record of 131M while the stock price went up 32% during that period. the 18M shares represented 22% of all traded shares during the period. seems like it is impossible to find shares to short from all the reports or the interest rate for borrowing is incredibly high. doesn't seem like a decreasing short interest number to me. seems like they lost control on monday, then doing damage control yesterday with the hit piece from AF and today follow up after GS meeting. |
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Post by kc on Jun 10, 2015 21:05:02 GMT -5
To drive it down it down they continued to short. What when the buyer or buyers come back in and trap the shorts again. It went up because somebody was going head to head with the shorts. My thought. Not sure it Will occur again.
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