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Post by robsacher on Jul 19, 2015 10:44:57 GMT -5
suebeeee1,
Thank you for your comment. I understand you point of view.
I also keep my core position but an investor would have done quite well taking 10% of their position and trading the high and low cycles while lending their shares out for shorting as you have done.
Out of curiosity, on selling/buying options around your core position, what do you recommend? I know a guy who sells puts to a number of shorts and another person who has a bunch of LEAPS coming due in 2016 and 2017.
Best wishes, RS
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Post by joeypotsandpans on Jul 19, 2015 13:11:40 GMT -5
suebeeee1, Thank you for your comment. I understand you point of view. I also keep my core position but an investor would have done quite well taking 10% of their position and trading the high and low cycles while lending their shares out for shorting as you have done. Out of curiosity, on selling/buying options around your core position, what do you recommend? I know a guy who sells puts to a number of shorts and another person who has a bunch of LEAPS coming due in 2016 and 2017. Best wishes, RS Rob, You've pounded the trading MNKD thesis home via several articles/posts/comments...the empirical evidence you point out from a certain time period notwithstanding there is a certain paradox inherent in your thesis. That is, using the term trading and investing in the same sentence. I understand your 10% position statement but you're assuming that those long term invested have a traders mentality at the same time and from my experience with various personalities that are in the market those are few and far between. It is easy to look at a prior time period (hind sight is 20/20) and see a "trading range" ...does that guarantee that past results are indicative of future ones? I think that most of us, especially the ones from a technical viewpoint would agree the answer as a resounding no. I can take a chart on most any stock and see that there are periods of trading ranges, they can be for a long period or short one...however, eventually those ranges get broken from and a new trend is established. What Sue and others that have been invested for a while fear most is trying to time s/p for shorter term gains while risking missing what they have been invested for from the start...meaningful gains based on their conviction of why they invested in the company to begin with. Posting your trading thesis in MNKD in other publications that have a traders audience is one thing, but IMO, most on Proboards have been more of the investing mentality whether through actual long positions or via options and I'm confident a lot of them are in the Sue camp as far as not wanting to miss the train that has been boarding for quite a few years
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Post by suebeeee1 on Jul 20, 2015 1:29:18 GMT -5
Out of curiosity, on selling/buying options around your core position, what do you recommend? I know a guy who sells puts to a number of shorts and another person who has a bunch of LEAPS coming due in 2016 and 2017. Best wishes, RS Almost all of my current long holdings were obtained by selling puts which allowed me to buy in at a lower than strike price amount. I also have both calls and puts for both January 2016& 2017. The price of the calls were offset entirely by the amount realised by selling corresponding puts. I even managed to both buy calls and sell puts for the exact same strike price ($5) for January 2017 aNd even realized 90 cents per share. I really like watching for deals like that. Of course, early on, I purchased some calls that ended up being out of the money when the expiration date arrived. Both the Lizard and I were caught in a few of these. No more single strike calls for me!. This stock is too unpredictable.
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Post by robsacher on Jul 20, 2015 13:10:52 GMT -5
suebeeee1,
Thank you for your reply. Yes, selling put options is a very successful strategy for an option play. And the LEAPS will make sense too, I believe.
RS
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Post by robsacher on Jul 20, 2015 13:13:15 GMT -5
Well folks,
Cramer and CNBC have seemingly set up a rather powerful short raid today with their pumping of last Thursday. It is what it is and they are who they are…
RS
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Post by robsacher on Jul 20, 2015 13:27:29 GMT -5
joeypotsandpans,
Thank you for your comment. As a point of clarification, an investor can be both a long and a trader at the same time therefore it is possible to be both an investor and a trader.
In regard to my writing, I think you are probably correct in your statement, "you're assuming that those long term invested have a traders mentality at the same time and from my experience with various personalities that are in the market those are few and far between," but I write for those who might have an interest. I also write as a means of self expression. I enjoy it.
The trading ranges speak for themselves and they do show a repeated pattern. If you choose to ignore it, that is your prerogative. And, yes it is true that past indications are not necessarily representative of what will happen in the future. But that also does not mean that they will be different. That's the nature of investment. That's the nature of trading.
Take today, for example, when you wrote your statement to me yesterday afternoon, you did not know that your MNKD investment would be worth over 8% less today, at the time of my note in reply, than it was worth when you wrote your piece.
Of course, MNKD will return its upward p/s but folks who had taken something off the top previously, have an excellent opportunity to buy in with that money today.
But, to each his own.
Respectfully, RS
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Post by suebeeee1 on Jul 20, 2015 14:03:45 GMT -5
Well folks, Cramer and CNBC have seemingly set up a rather powerful short raid today with their pumping of last Thursday. It is what it is and they are who they are… RS The lesson once again is NEVER trust Cramer!
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Post by joeypotsandpans on Jul 20, 2015 14:10:20 GMT -5
joeypotsandpans, Thank you for your comment. As a point of clarification, an investor can be both a long and a trader at the same time therefore it is possible to be both an investor and a trader. In regard to my writing, I think you are probably correct in your statement, "you're assuming that those long term invested have a traders mentality at the same time and from my experience with various personalities that are in the market those are few and far between," but I write for those who might have an interest. I also write as a means of self expression. I enjoy it. The trading ranges speak for themselves and they do show a repeated pattern. If you choose to ignore it, that is your prerogative. And, yes it is true that past indications are not necessarily representative of what will happen in the future. But that also does not mean that they will be different. That's the nature of investment. That's the nature of trading. Take today, for example, when you wrote your statement to me yesterday afternoon, you did not know that your MNKD investment would be worth over 8% less today, at the time of my note in reply, than it was worth when you wrote your piece. Of course, MNKD will return its upward p/s but folks who had taken something off the top previously, have an excellent opportunity to buy in with that money today.But, to each his own. Respectfully, RS Rob, My point was for most that are on this board and are emotionally tied to their investment for a long period of time I personally would be very hesitant to try and get them into a traders mentality. What might be a more preferred strategy when one thinks it is at the "top" of a certain trading range would maybe imo a less riskier move to purchase cheap puts off that "top" thereby allowing to keep one's position in case it makes the "happens until it doesn't" move and catches them w/o a position. I believe Fuga mentioned he started doing this while maintaining his long position...have no problem with that as a way to make money while at the same time acting as a hedge. To me that's a safer way than leaving one vulnerable to a move that they miss...for example, just as you used the example of not knowing about the 8% down Monday, what about being out of the stock on an unexpected gap open Monday when some news breaks pre market...if you have the puts, your only out the cost of them while having not missed the upside altogether. Like you said to each his own, just different ways of looking at it. Btw, here's a good link for those thinking of trading : vantagepointtrading.com/archives/7665regarding your "excellent opportunity today" statement at the end...we both most definitely agree on that -J
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Post by kc on Jul 20, 2015 15:06:47 GMT -5
Seems that Cramer and Adam F. must have very thin skin as they blocked me on Twitter and removed my comment from this article on the Street Site. Oh well!
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Post by mannmade on Jul 20, 2015 15:47:16 GMT -5
Guess they can dish it but not take it... Oh well...
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Post by liane on Jul 20, 2015 15:48:35 GMT -5
Seems that Cramer and Adam F. must have very thin skin as they blocked me on Twitter and removed my comment from this article on the Street Site. Oh well! Lucky you!
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Post by jpg on Jul 20, 2015 16:19:51 GMT -5
It is extraordinary to see people still pay attention to these guys.
Fool my once etc. With these crooks we are on version of fool me 20 times or something...
They pump, then dump and do their thing in Twitter (AF and Kliff this am as usual) and the usual suspects mysteriously show up on this (and other) MB to trash Mannkind (congrats on the well timed sale by the way).
AF, Cramer, Shikreli and Kliff are all tied in somehwere along the line. Kind of a strange coincidence no? And rare posters (who sold with retrospective good timing) show up on days of bear raids?
Ignore the FUD. Afrezza works. Doctors are slow and often lazy. Insurance companies are slow and cheap. If I know that Sanofi knows this. fudsters count on the fact retail doesn't know that maybe?
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Post by kc on Jul 20, 2015 16:19:52 GMT -5
I guess we all can see that "THE STREET" is the Grand illusion that I started this thread since they have blocked me on twitter for posting this message on this board. Nice to know that our friend Jim and Adam do read Proboards. 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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