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Post by kc on Jul 16, 2015 16:08:12 GMT -5
WELCOME TO THE GRAND ILLUSION... COME INSIDE AND SEE THE SHOW:
The street must know what is coming down the road in August 2015. Seems that CNBC sent the first message last night and today you have The Street now saying the following.
www.thestreet.com/story/13221512/2/4-stocks-under-10-making-big-moves-higher.html MannKind (MNKD), a biopharmaceutical company, focuses on the discovery, development and commercialization of therapeutic products for diabetes in the U.S. This stock is trading up 4.1% to $5.72 share in Thursday's trading session.
Thursday's Range: $5.53-$5.80
52-Week Range: $3.46-$10.10
Thursday's Volume: 2.60 million
Three-Month Average Volume: 7.96 million
From a technical perspective, MannKind is ripping sharply higher here right off both its 200-day moving average of $5.58 and its 20-day moving average of $5.60 with lighter-than-average volume. This stock has been uptrending a bit over the last few weeks, with shares moving higher from its low of $5 to its intraday high on Thursday of $5.80. During that move, shares of MannKind have been consistently making higher lows and higher highs, which is bullish technical price action. This spike higher in the stock here is now starting to push MannKind within range of triggering a near-term breakout trade. That trade will hit if this stock manages to take out some key near-term overhead resistance levels at $6 to $6.07 and then above more key resistance at $6.25 with high volume.
Traders should now look for long-biased trades in MannKind as long as it's trending above its 200-day at $5.58 or above its 50-day at $5.27 and then once it sustains a move or close above those breakout levels with volume that registers near or above 7.96 million shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $7.32 a share, or even $7.50 to $7.88 a share.
I guess that Jim Cramer and Adam Fuerstein in collaboration with CNBC (yesterday) and Jay Olsen's silence since the GS conference are sending us the message that there is blood in the water and its time to cover. Personally I think that Matt made it clear at all three of the May/June calls that MannKind participated in that the convertible notes were not an issue. So now its GAME ON. it should be interesting to watch it play out.
Wednesday afternoon you got this first part of the GRAND ILLUSION MESSAGE from CNBC.
So on Friday or Monday or perhaps buy August 13th, do we hear from Jay Olsen of Goldman Sachs? Or Jim Cramer ---- yelling BUY BUY BUY?
The GRAND ILLUSION www.youtube.com/watch?v=nO62scTZ7Qk
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Post by peppy on Jul 16, 2015 16:59:05 GMT -5
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Post by BD on Jul 16, 2015 17:58:55 GMT -5
peppy, since it has been quite a while since the completion of that reverse H&S in mid '14, I do not believe it is valid any longer. Plus, I see a better case for the left shoulder in Jan '11 with right shoulder mid '13, but that would by now be invalidated as well. The good news is that the PPS isn't dependent on an active H&S in order to blast off  |
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Post by robsacher on Jul 16, 2015 18:08:07 GMT -5
kc,
Remember, we can never trust these guys. So, if they are pumping MNKD now we must consider their motivation.
This could be tied to the upcoming 9 million shorted B.O.A. shares about to be returned to MannKind sometime in late September. Or, maybe this is connected to the Merrill Lynch convertibles coming due August 15th.
I smell manipulation here. I just can't figure out what it is yet.
We should see a run up but every previous run up has been met with a massive sell off.
That CNBC piece was pure nonsense. MannKind financials will not be a major reason why the p/s will go up, as they said, 17%. Nonsense. The financials are improving but far from being good enough to move the stock up a lot, especially without much of any market share.
Unless, there is something new in the financial picture. Not sales, not costs. Not a Q2 profit/loss statement of any real note. Something new. Hmmm… What could it be? Any thoughts?
Don't let your enthusiasm for the company allow you to get suckered into a pump and dump play. This may be different because of the convertibles but beware the Trojan Horse.
If MNKD runs up now, watch for a top when it comes. Do not buy in at the top.
Good luck everyone.
RS
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Post by BD on Jul 16, 2015 18:21:58 GMT -5
Tell you what, rob... when you happen to notice we're right at the top, give a holler so we know not to buy |
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Post by peppy on Jul 16, 2015 18:52:46 GMT -5
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Post by kc on Jul 16, 2015 20:11:47 GMT -5
Rob, like you I find it fascinating that they are send out messages. I a very long and will not sell for at least a couple of years if ever. I have many positions that I own going back to the mid 1970's. I think they see or know what the tea leaves are and that something good is about to occur in the next 30.days. But then again maybe not.
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Post by suebeeee1 on Jul 16, 2015 20:50:10 GMT -5
If the Street is pumping MNKD, perhaps I have missed something significant and need to re-read all the documents associated with this company. I have a long standing policy of selling when Cramer says buy and buying when he says sell.
Ooooo! I am sooooo confused!
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Post by obamayoumama on Jul 16, 2015 22:52:00 GMT -5
kc, Remember, we can never trust these guys. So, if they are pumping MNKD now we must consider their motivation. This could be tied to the upcoming 9 million shorted B.O.A. shares about to be returned to MannKind sometime in late September. Or, maybe this is connected to the Merrill Lynch convertibles coming due August 15th.
I smell manipulation here. I just can't figure out what it is yet.
We should see a run up but every previous run up has been met with a massive sell off. That CNBC piece was pure nonsense. MannKind financials will not be a major reason why the p/s will go up, as they said, 17%. Nonsense. The financials are improving but far from being good enough to move the stock up a lot, especially without much of any market share. Unless, there is something new in the financial picture. Not sales, not costs. Not a Q2 profit/loss statement of any real note. Something new. Hmmm… What could it be? Any thoughts? Don't let your enthusiasm for the company allow you to get suckered into a pump and dump play. This may be different because of the convertibles but beware the Trojan Horse. If MNKD runs up now, watch for a top when it comes. Do not buy in at the top. Good luck everyone. RS Rob, i think the 17% had to do with the volatility priced into the near term options. Options will be priced based on the expected move either up or down. |
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Post by babaoriley on Jul 17, 2015 0:47:39 GMT -5
kc, Remember, we can never trust these guys. So, if they are pumping MNKD now we must consider their motivation. This could be tied to the upcoming 9 million shorted B.O.A. shares about to be returned to MannKind sometime in late September. Or, maybe this is connected to the Merrill Lynch convertibles coming due August 15th.
I smell manipulation here. I just can't figure out what it is yet.
We should see a run up but every previous run up has been met with a massive sell off. That CNBC piece was pure nonsense. MannKind financials will not be a major reason why the p/s will go up, as they said, 17%. Nonsense. The financials are improving but far from being good enough to move the stock up a lot, especially without much of any market share. Unless, there is something new in the financial picture. Not sales, not costs. Not a Q2 profit/loss statement of any real note. Something new. Hmmm… What could it be? Any thoughts? Don't let your enthusiasm for the company allow you to get suckered into a pump and dump play. This may be different because of the convertibles but beware the Trojan Horse. If MNKD runs up now, watch for a top when it comes. Do not buy in at the top. Good luck everyone. RS Have to agree, Rob. I see that The Street bs, and all I can hear is "here, kitty, kitty, kitty, here, kitty, kitty, kitty, nice kitty..." |
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Post by robsacher on Jul 18, 2015 10:34:02 GMT -5
BD, I wrote an article which almost nobody read a few weeks ago. It was declined by Seeking Alpha as it was not about forward looking company events that could effect share price movement. Rather, it was about trading patterns with MNKD. I took a look at those patterns and I saw that over the last two years, the best price to buy MNKD was $5.06 and the best price to sell was around $6.40. But, having written that, an investor who would have bought 10,000 shares at $5.06 and sold them at $6.06 would have more than doubled their investment in less than two years. That up/down cycle happened six times. And, if we cross $6.06 this coming week, it will have been seven times. Here's a link to my article which was published at CNA Finance: cnafinance.com/trading-mannkind-why-long-investors-trade-for-profits/4320Best wishes, RS |
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Post by suebeeee1 on Jul 18, 2015 17:27:43 GMT -5
Ok, this is the reality of my experience "trading" stock. I will sell my shares the next time they reach $6.40, and precisely because I have done so, the stock will move up past any previous highs, never to return to a number anywhere near $5.06.
I will have missed the entire gain that I could have had if I just patiently waited. I'll take interest on lending stock or even on selling/buying options around my core position. But SELL?
That is way too scary for this gal!
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Post by mssciguy on Jul 18, 2015 19:01:07 GMT -5
Ok, this is the reality of my experience "trading" stock. I will sell my shares the next time they reach $6.40, and precisely because I have done so, the stock will move up past any previous highs, never to return to a number anywhere near $5.06. I will have missed the entire gain that I could have had if I just patiently waited. I'll take interest on lending stock or even on selling/buying options around my core position. But SELL? That is way too scary for this gal!
Do your homework, take your picks and stick with em |
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Post by suebeeee1 on Jul 18, 2015 22:35:28 GMT -5
Mssciguy, I'm well aware of HFT and know there is no way in hell I'm ever going to beat a machine. I do my research, pick my INVESTMENTS and stick with them until there are material facts to change my mind.
Consequently, I'm sticking with MNKD and won't be trading it up and down. I will be sure to time everything wrong. If I hold and go up and down over the next few years, I believe this stock will deliver!
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Post by mssciguy on Jul 19, 2015 9:09:30 GMT -5
Mssciguy, I'm well aware of HFT and know there is no way in hell I'm ever going to beat a machine. I do my research, pick my INVESTMENTS and stick with them until there are material facts to change my mind. Consequently, I'm sticking with MNKD and won't be trading it up and down. I will be sure to time everything wrong. If I hold and go up and down over the next few years, I believe this stock will deliver! Agree Suebeee, never seen anything so beat down, with so little in the way of self-promotion. I'll be working on wikipedia a little this week as time allows. It sure would be nice to see at least rudimentary Afrezza and Dreamboat wikis by the end of the week. |
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