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Post by peppy on Oct 20, 2015 8:44:42 GMT -5
we have volume.
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buyers
Oct 20, 2015 8:46:49 GMT -5
Post by centralcoastinvestor on Oct 20, 2015 8:46:49 GMT -5
Definitely looking good this morning.
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Post by mnholdem on Oct 20, 2015 8:55:50 GMT -5
As I recall, the largest daily trade volume ever recorded for MNKD was around 80-100 million shares. If some news were to create a buying frenzy, where the heck would buyers find that many shares today?
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buyers
Oct 20, 2015 9:02:27 GMT -5
zieg likes this
Post by avogadro on Oct 20, 2015 9:02:27 GMT -5
Kaynahora
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Post by jpg on Oct 20, 2015 9:07:26 GMT -5
As I recall, the largest daily trade volume ever recorded for MNKD was around 80-100 million shares. If some news were to create a buying frenzy, where the heck would buyers find that many shares today? Most of the volume is 'recycling'. I was told the same share (and sometimes pseudoshares) can easily trade 10-100 times a day. So in effect an endless supply!
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Post by peppy on Oct 20, 2015 9:07:21 GMT -5
with the time change, what ever oral discussion was done regarding insulin for CHMP is over. the initial volume may or may not be related? lets see if the volume keeps up. price hit the 50 day and pulled back screencast.com/t/9iFlroiJDX8pfirst time in 4 months price hit it's 50 day moving average.
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Post by tonyz on Oct 20, 2015 12:16:44 GMT -5
Over 3 million shares traded by 1:00 EST MNKD every other biotech and pharma stock I own or follow is down - so good relative strength. It would have been perfectly normal for MNKD to have a little pullback after the recent strong price action, but there definitely seems to be some buying that is MNKD specific rather than market driven. It could be some short sellers getting nervous and buying back shares or there could be anticipation or hope for some positive news at the upcoming earnings release and Q&A.
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Post by bobw on Oct 20, 2015 12:30:35 GMT -5
I don't think it is short sellers getting nervous. It is likely purchases from investors that had their shares lent out, forcing the shorts to either re-borrow or cover. Because the MNKD lending rate has been increasing, it cannot be simply caused by shorts covering, that would push the lending rate down.
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buyers
Oct 20, 2015 12:38:54 GMT -5
Post by mssciguy on Oct 20, 2015 12:38:54 GMT -5
I don't think it is short sellers getting nervous. It is likely purchases from investors that had their shares lent out, forcing the shorts to either re-borrow or cover. Because the MNKD lending rate has been increasing, it cannot be simply caused by shorts covering, that would push the lending rate down. "It is likely purchases from investors that had their shares lent out, forcing the shorts to either re-borrow or cover." Sure hope so. Thanks for pointing that out. I watched an old Japanese film recently, "Woman in the dunes" -- she and the man who literally got trapped with her in her house at the bottom of a sand pit were condemned to shovel the falling and blowing sand from the pit every night for hours, or get buried alive. Which may be what will happen to shorts soon... or, do they have money to throw away?
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buyers
Oct 20, 2015 15:02:28 GMT -5
Post by peppy on Oct 20, 2015 15:02:28 GMT -5
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Post by jbe on Oct 20, 2015 15:11:11 GMT -5
Flash crashes are standard with MNKD, its a form of psychological warfare...
Success still is dependent on sales, and sales dependent on the quality of the product (which appears to be excellent) and insurance coverage ( not there yet).
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Post by mssciguy on Oct 20, 2015 15:19:22 GMT -5
that was machines. Neither bought nor sold. It all happens at microsecond time scales, tracks are covered and lost, not even SEC knows what's happening. I'll never put another penny into the maaaaket. But, I'll never sell my mnkd either
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Post by centralcoastinvestor on Oct 20, 2015 15:21:34 GMT -5
One has to remember that the selling is pure manipulation. I bet there wasn't one true shareholder that sold in that last 15 minutes. It was only air shares that were sold.
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buyers
Oct 20, 2015 15:23:34 GMT -5
Post by bioexec25 on Oct 20, 2015 15:23:34 GMT -5
Wow the things people will do to keep this below the 50dma. ;-))
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Post by wmdhunt on Oct 20, 2015 15:24:32 GMT -5
The end of the day market in MNKD certainly looked like manipulation to me. Where is the SEC and DOJ?
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