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Post by babaoriley on Jan 27, 2014 16:12:31 GMT -5
So, what are you all thinking? Was that rise to $7 the result of a thought-to-be imminent deal, and the fall the result of the deal going south? Perhaps, at the last moment, the BP said, "you mean you thought there was up front, non-contingent cash?"
Any reports from Florida?
Biotech did not do well today, at least not most of the ones I'm in (truth be told, they're the only one I really care about), so there's that. But most are not in the position we like to think MNKD is in, so there's also that.
Could it be that we were all out today working hard making sure we kept our day jobs? LOL.
I really dislike days like today (Friday wasn't the best, either), and certainly the market in general doesn't look like it's going to turn around anytime soon - is it the much awaiting correction, or something more sinister? There are a million articles out there in the last couple of days that profess to give you the answer!
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Post by liane on Jan 27, 2014 16:59:29 GMT -5
Well, while we wait (in silence)...
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Post by alethea on Jan 27, 2014 17:09:43 GMT -5
Naked, unethical, blatant manipulation.
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Post by StevieRay on Jan 27, 2014 17:21:52 GMT -5
Naked, unethical, blatant manipulation.
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Post by liane on Jan 27, 2014 17:25:11 GMT -5
StevieRay,
Good to see you're still around. Hope you've been well.
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Post by StevieRay on Jan 27, 2014 17:35:48 GMT -5
StevieRay, Good to see you're still around. Hope you've been well. All the silence is deafening. I actually was more anxious during the waiting for data release than I am now. I’m more excited about our prospects than ever before. The volatility can play with your head at times but I’m here for the long term. Anyway, that’s what I keep telling myself on days like today. 9 more weeks until ADCOM! The YMB is a riot over there. I hope everyone survives this crazy ride we are all on together. I look forward to the next annual meeting where I hope we all get a chance to meet up and share a drink or two! Hope all is well with you too.
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Post by babaoriley on Jan 27, 2014 18:15:31 GMT -5
StevieRay, the long term, she's notsoa long anymore! Lots of developmental biotechs took gas today, so not so sure about manipulation, Alethea, at least not today. Would love to hear from Spiro and Ashiwi as to how fiesty and combative Al seemed today. I hope Al is not in his, "screw them, I'll go it alone" mode. If only we knew what Greenhill knows at this point.
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Post by alcc on Jan 27, 2014 19:29:15 GMT -5
" "
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Post by Chris on Jan 27, 2014 21:00:24 GMT -5
So, what are you all thinking? Was that rise to $7 the result of a thought-to-be imminent deal, and the fall the result of the deal going south? Perhaps, at the last moment, the BP said, "you mean you thought there was up front, non-contingent cash?" haha, I believe that rise was a head fake and a test by smart money watching MNKD. From a technical perspective many entered during that period causing the continued sharp run then drop upon Adcom news (looking at volume and price action). ICPT was also a factor IMO to the short $7 run, which pulled up the whole biotech sector. Broadly speaking the whole market was also up that week further helping spur a quick run .Since it's Q1, often there is also a January rise - often seen after investors sell for tax loss purposes, which may have contributed too. A leak or anticipated release of MNKD partnership news may have also been expected as Mann has once stated a deal by the end of the year (2013) was sought after. Just my take, Baba! Hope all is well! BTW, UC Riverside is planning a Food Truck Festival soon with 24 food trucks from across the state!
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Post by ezrasfund on Jan 27, 2014 23:06:52 GMT -5
When there is volatility like this I check for news. When there is no news it's just noise, and there will continue to be a lot of noise. Yes, news can leak before it becomes public,and there can be false rumors, but that all settles out, usually in less than 24 hours. No cause for alarm here, IMO, and no real meaning to the spike to $7 either, beyond the noise that traders generate, IMO. On a good day I can use these swings to ratchet up my position and take money off the table. Sold a few shares on the spike and on the dip sold some too, but bought twice as many deep ITM $4 March calls and kept some cash. I certainly wouldn't recommend that anyone follow my investment strategy, as my portfolio is basically 1/3 cash, 1/3 corporate bonds, and 1/3 MNKD. But regardless of what happens, I don't think MNKD is going to zero. And BTW, the Yahoo board mentioned this. www.bloomberg.com/news/2014-01-24/cochlear-loses-131-2-million-verdict-in-patent-lawsuit.htmlThe old Mann still has some pretty sharp teeth.
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Post by jpg on Jan 28, 2014 0:57:25 GMT -5
Apple traded at 50$ for a long time and went up and down and up and down. Now? MNKd traded at 5$ for a long time and went up and down and up and down. Then?
My point is these meaningless ups and down are irrelevant trading deviations on the way to a lot more (hopefully) or a lot less (hopefully not).
JPG
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