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Post by mnkdfann on Dec 1, 2015 13:32:13 GMT -5
My first poll! Be kind. Hope this works.  |
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Post by nemzter on Dec 1, 2015 13:36:45 GMT -5
Getting close to breaking even - woohoo!
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Post by EveningOfTheDay on Dec 1, 2015 13:38:01 GMT -5
You should have added the option: I refuse to speculate because I am tired of being wrong.  |
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Post by Deleted on Dec 1, 2015 13:51:50 GMT -5
current price 2.12 enuf said.. wake me up when its close to 5 (market cap 2 billion )
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Post by jeremg on Dec 1, 2015 13:57:24 GMT -5
If history is any indication, this is just the MMs giving us an inch so they can take another mile. The temporary run-ups we've seen in the past on the long way down, have been very good for the MMs as it lures some new retail money in thus sweetening the pot before it's emptied again(the buy high, sell low crowd included). Any rise on [no]news short of a TS partnership with upfront $ OR a MAJOR jump in script [exponential growth] is guaranteed to be short-lived noise at best and further manipulation to lure in new retail money at worst.
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Post by dreamboatcruise on Dec 1, 2015 13:58:23 GMT -5
Traders have a heyday with MNKD. Every tiny spec of news is going to result in out sized price swings.
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Post by garrett on Dec 1, 2015 14:04:22 GMT -5
It's a combination of some short covering and institutions buying at a support level
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Post by ashiwi on Dec 1, 2015 14:29:23 GMT -5
Fidelity lowered the interest rate to borrow shares to 61.5% (down 4%). Must be some short covering. There's a lot more to go, but MNKD/SNY just have to give the shorts a reason to cover.
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Post by vissertrades on Dec 1, 2015 14:51:23 GMT -5
Fidelity lowered the interest rate to borrow shares to 61.5% (down 4%). Must be some short covering. There's a lot more to go, but MNKD/SNY just have to give the the shorts a reason to cover. IB shorting inventory jumped to 1.6 million yesterday so someone covered... |
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Post by garrett on Dec 1, 2015 15:05:49 GMT -5
Fidelity lowered the interest rate to borrow shares to 61.5% (down 4%). Must be some short covering. There's a lot more to go, but MNKD/SNY just have to give the shorts a reason to cover. Agreed! With MannKind having sufficient cash into 2017 and the stock having been beat down with every possible negative available, along with very little down side left, shorts with any sense at all would cover here. |
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Post by doctorgreenback on Dec 1, 2015 15:14:15 GMT -5
please explain the cash position. Most were under the assumption that dilution of the ATMs/LOC money could bring in another $68m in addition to the $60m they have with the Israeli money....they need $25m minimum in the bank at all times to operate....so we are talking about a 30+m share dilution in the near future that will leave us with $103m in operating money at an $9m burn rate...so we can survive till Dec 2016.......yet you say 2017?
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Post by doodyfree on Dec 1, 2015 15:19:18 GMT -5
If history is any indication, this is just the MMs giving us an inch so they can take another mile. The temporary run-ups we've seen in the past on the long way down, have been very good for the MMs as it lures some new retail money in thus sweetening the pot before it's emptied again(the buy high, sell low crowd included). Any rise on [no]news short of a TS partnership with upfront $ OR a MAJOR jump in script [exponential growth] is guaranteed to be short-lived noise at best and further manipulation to lure in new retail money at worst. So you haven't covered ? |
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Post by mnholdem on Dec 1, 2015 15:27:48 GMT -5
Interesting poll results so far. Perhaps it speaks to the nature of this discussion board. After all, if this poll were taken at DaZoo, "News Leak" would probably be the number one selection, accompanied by proclamations of "the announcement will be this Friday!" 
I, too, won't speculate whether today's price action, based on movement/volume, is significant of anything. |
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Post by jeremg on Dec 1, 2015 15:44:59 GMT -5
If history is any indication, this is just the MMs giving us an inch so they can take another mile. The temporary run-ups we've seen in the past on the long way down, have been very good for the MMs as it lures some new retail money in thus sweetening the pot before it's emptied again(the buy high, sell low crowd included). Any rise on [no]news short of a TS partnership with upfront $ OR a MAJOR jump in script [exponential growth] is guaranteed to be short-lived noise at best and further manipulation to lure in new retail money at worst. So you haven't covered ? Hypothetically, If I was financially savvy enough to have recognized where this company was heading and had gone short instead of long, I would probably have covered by now considering the interest rates and the risk inherent in riding the hedge fund coattails for too long without access to their ultimate game plan. The fact is the big players could turn on a moments notice and leave retail shorts holding the bag. Back to reality, given my level of experience and [lack of] intuition, I would never consider buying on margin, shorting, or even playing options at this point. This stock has been a sobering wakeup call, buy and hold ETFs - MNKD is now my only stock position outside of Index ETFs. |
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Post by dreamboatcruise on Dec 1, 2015 16:00:28 GMT -5
please explain the cash position. Most were under the assumption that dilution of the ATMs/LOC money could bring in another $68m in addition to the $60m they have with the Israeli money....they need $25m minimum in the bank at all times to operate....so we are talking about a 30+m share dilution in the near future that will leave us with $103m in operating money at an $9m burn rate...so we can survive till Dec 2016.......yet you say 2017? There is one theory which depends on stars aligning... that avail ATM shares were sold awhile a ago at a better price, not yet to be sold at potentially lower still price, and that we roll out of Q3 with exactly $25M and then can burn through all of it in Q4 because the restrictive covenant regarding having $25M cash only gets triggered at the end of a quarter. I hope that MNKD has a more conservative approach than getting down to less than $25M with a deadline that it must be replaced by end of quarter to avoid default on a loan covenant. It would also be nice if MNKD had utilized ATM to raise capital, they would announce it... but even I admit that if it did happen, I think there is little chance we'd be told about it... so who knows, that may actually have happened. A bit strange to have faith in it, lacking evidence, but it's not the strangest hope to believe in. Realistically, there would need to be a larger issue of shares to get us into 2017 unless MNKD again takes drastic measures and curtails TS pipeline development. |
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