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Post by charlespk on Aug 21, 2015 15:24:11 GMT -5
High Volume , almost 8 million shares , price unchanged , with Dow down 530 , and all major indices down, is this significant for MNKD PPS ?
Have we reached a floor ? or is it due to options expiration day ?
Added some more calls at $ 3.00 strike for 2017 as BE is $ 4.60 , hoping by Jan 2017 , we will hopefully be way higher than $ 4.60
Appreciate all opinions .
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Post by mssciguy on Aug 21, 2015 15:32:18 GMT -5
High Volume , almost 8 million shares , price unchanged , with Dow down 530 , and all major indices down, is this significant for MNKD PPS ? Have we reached a floor ? or is it due to options expiration day ? Added some more calls at $ 3.00 strike for 2017 as BE is $ 4.60 , hoping by Jan 2017 , we will hopefully be way higher than $ 4.60 Appreciate all opinions . Have you seen the recent naked shorting activity? It's illegal for sure, huge spike recently, saw it one on of those SHO websites, reported to SEC but with GS melting down now, and the enforcement people at SEC being GS veterans, you can bet their priorities are not on MNKD stock at this time (maybe later, one can only hope). It's a manipulated stock. Relatively thinly traded. Whenever some legit buying occurs, you see the price rise, then it falls on thin volume. Everyone knows it's happening, including MNKD mgmt. What can they do? Nothing on that front, it would be a colossal energy drain. How do you fight something you can't see? Give it time, watch the 200 or 300 dma they don't change |
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Post by dudley on Aug 21, 2015 16:25:58 GMT -5
Meaning that there are only so many suckers in the world who sell scared. The MM's will always be going after stop losses - by the way a MAJOR mistake since a stop loss with many stocks is just an invitation for your friendly market makers to walk the price down to steal your shares. Shorts will do what shorts will do. An intelligent and committed investor knows this price action is mostly noise - nothing whatsoever has changed in the long term picture. It all started with the announcement of the convertible debt fiasco 3 weeks ago and has nothing at all to do with the outlook for the business. I personally see no significant rebound until the convertible debt thing is finally settled and in the background. One would certainly hope the combination of the ADA momentum from June, DTC beginning, generally growing patient and doctor awareness, easing of the insurance factor etc. will lead to the Holy Grail Inflection Point but exactly when that may happen is just guessing so it's back in the waiting and watching mode for now. The last time we had the big plunge - back in May - the stock rapidly recovered and bounced all the way up to $7 on massive volume. Don't see that happening this time because of the convertible cloud which will drag on through most of September.
By the way, this hideous market overall is just the same old rinse and repeat cycle we have witnessed over and over again through the years. They have to take it down before they can run it back up again. If it's not the Fed it's the debt ceiling, Asian crisis, Greek crisis, fiscal cliff, pick your flavor to worry over. I've mentioned before the amazing phenomenon of virtually any stock in the universe displaying a 50% differential between the 52-week high and low. You are seeing this happen before your very eyes with this latest downdraft dragging down multitudes of stocks. Guaranteed many of the "losers" hitting 52 week lows in this selloff will rebound 50% higher over the coming 52 weeks. The sky is NOT falling but they most certainly want you think that it is.
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Post by charlespk on Aug 21, 2015 17:16:55 GMT -5
dudley , agree with everything you said .
Hence why I bought $ 3.0 strike call options for January 2017 .
Thanks to my Schwab rep and to this board , I have never put a stop order
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Post by scottiemac on Aug 21, 2015 17:43:21 GMT -5
This is why you have cash on the side, to buy good companies when the entire market tanks, because before long they will rise again and you will have gotten a good deal out of it. During the 2007-2009 debacle, I saw what was happening early on and moved some of my holdings to cash, and held the rest. Doesn't do any good to watch on a daily basis unless you're a trader or masochist. By March 2009 the slide had mostly stopped and one day I saw GE at a hair under $7 and started buying with one hand and then both hands - it closed today at $24.59, off the 52 week high of $28.68. Repeat that growth over the last half dozen years with any number of dividend-paying growth stocks and it's a gift. The folks who lost a ton in 2007-2009 did so by selling near bottom then being too burnt or frightened to begin buying again.
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Post by dreamboatcruise on Aug 21, 2015 19:26:08 GMT -5
High Volume , almost 8 million shares , price unchanged , with Dow down 530 , and all major indices down, is this significant for MNKD PPS ? Have we reached a floor ? or is it due to options expiration day ? Added some more calls at $ 3.00 strike for 2017 as BE is $ 4.60 , hoping by Jan 2017 , we will hopefully be way higher than $ 4.60 Appreciate all opinions . The moon is in the Seventh House And Jupiter is aligned with Mars? It was options expiration... just got assigned the last of my over priced puts  |
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Post by jpg on Aug 21, 2015 19:49:23 GMT -5
Why not simply buy shares and forget about options? The only people who seem to make money at this are the MM. They have highly asymmetrical informational advantages. How are retail traders supposed to beat them at this zero sums game?
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Post by kball on Aug 21, 2015 21:04:35 GMT -5
I Blink.
Therefore i am.
Actually, haven't blinked.
Bought more today.
Under 4 i mean c'mon.
Perhaps i need my head examined.
Perhaps not.
In any case, can't afford that now for obvious reasons.
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Post by dreamboatcruise on Aug 21, 2015 21:50:09 GMT -5
Why not simply buy shares and forget about options? The only people who seem to make money at this are the MM. They have highly asymmetrical informational advantages. How are retail traders supposed to beat them at this zero sums game? Well about half my position is synthetic long option positions. In the case of those the benefit can clearly be calculated if one knows they will hold through the expiration date. I buy a call and sell equal strike put for Jan 2017. Sometimes this yields about 20% lower price (of course only if one knows they will not sell before Jan 2017). Of course I don't get to lend those. So that is a bit of a gamble between locking in amount with options vs hoping for higher cumulative with stock loaned out. Had brother that used to be floor option trader with MM firm. Has never traded a single option (or stock) since, saying that the scale is tipped to the MM traders. Though at least when he was trading it wasn't an advantage based on info about the companies... in fact he really didn't have very good understanding of what many of them actually did. It was an advantage of getting the spread between bid and ask... and perhaps just an overall market timing advantage of being in the pit. |
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Post by jpg on Aug 22, 2015 0:36:57 GMT -5
Had brother that used to be floor option trader with MM firm. Has never traded a single option (or stock) since, saying that the scale is tipped to the MM traders. So where does he invest his wealth? Under the mattress (please give me his address!) or in real estate? |
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Post by nylefty on Aug 22, 2015 10:18:02 GMT -5
Had brother that used to be floor option trader with MM firm. Has never traded a single option (or stock) since, saying that the scale is tipped to the MM traders. So where does he invest his wealth? Under the mattress (please give me his address!) or in real estate? You can invest in stocks without trading. That's what I've done in MNKD. |
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Post by dreamboatcruise on Aug 22, 2015 14:53:12 GMT -5
Had brother that used to be floor option trader with MM firm. Has never traded a single option (or stock) since, saying that the scale is tipped to the MM traders. So where does he invest his wealth? Under the mattress (please give me his address!) or in real estate? I'm always checking under things when I visit  |
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Post by papihoyos on Aug 22, 2015 19:56:07 GMT -5
Last time I the PPS dropped below $4, I was able to roll my '16 to '17 for a less than a dollar and roll my price down a $1. Probably average $.85.
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Post by karl on Aug 22, 2015 22:14:04 GMT -5
Right now the calls are cheap and puts are expensive. It is good to take advantage of that. If you own the stock, you can sell it and at the same time sell puts deep in money, say Jan 10 put. If you believe the price is not going above 10 by Jan '16, then you will get your shares back and you will have some nice cash from the part of the premium you will get when selling put. If you think the price may go above 10, then you can buy some calls for 10 strike, you will still come out ahead.
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Post by od on Aug 23, 2015 18:50:28 GMT -5
High Volume , almost 8 million shares , price unchanged , with Dow down 530 , and all major indices down, is this significant for MNKD PPS ? Have we reached a floor ? or is it due to options expiration day ? Added some more calls at $ 3.00 strike for 2017 as BE is $ 4.60 , hoping by Jan 2017 , we will hopefully be way higher than $ 4.60 Appreciate all opinions . To me, no meaning. While your subject has prompted interesting/thoughtful comments, I am not sure I understand. I remain long and may add, but if there was meaning (INDU/MNKD linkage?) MNKD PPS would be higher or INDU would be much lower. Before anyone clips me, of course, I would enjoy the updraft of a strong market, but for now NRxs are our best medicine. |
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