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Post by LosingMyBullishness on Jan 28, 2016 16:19:28 GMT -5
Algos did a good job today and we are back at the pre-defined set-point of 0.9000+- 0.0001.
Unbelievable, feels like we are in a big control room.
This is so much screaming out loud 'stock manipulation', that is is really irritating that no authority steps in.
This is not about bashing the SEC or pushing some conspiracy theory but does someone know what the role of the authorities is in such case and when exactly would the SEC step in?
--
My apologies for the typo.
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Post by centralcoastinvestor on Jan 28, 2016 16:27:01 GMT -5
Algos did a good job today and we are back at the pre-defined set-point of 0.9000+- 0.0001. Unbelievable, feels like we are in a big control room.This is so much screaming out loud 'stock manipulation', that is is really irritating that no authority steps in. This is not about bashing the FED or pushing some conspiracy theory but does someone know what the role of the FED is in such case and when exactly the FED has to step in? Do you mean the SEC (Securities and Exchange Commission) or the FED? The FED deals with setting interest rates while the SEC handles misconduct in the securities arena. |
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Post by taylor810dn on Jan 28, 2016 16:34:23 GMT -5
It would be the SEC, and I have filed a complaint with plenty of details. However I think MNKD is a minnow in a sea of whales and the SEC doesn't even have resources to monitor all the whales, which probably explains the overt nature of the constant manipulation, there is lots of money to be made and if nobody is watching, let the greed rule.
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Post by parrerob on Jan 28, 2016 16:41:28 GMT -5
What do You mean for Set pint ?
That this is a control room is clear enough ! Remember the job done weekly using option expirations ? Was perfect weekly close everytime
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Post by agedhippie on Jan 28, 2016 16:46:48 GMT -5
Algos did a good job today and we are back at the pre-defined set-point of 0.9000+- 0.0001. Unbelievable, feels like we are in a big control room.This is so much screaming out loud 'stock manipulation', that is is really irritating that no authority steps in. This is not about bashing the FED or pushing some conspiracy theory but does someone know what the role of the FED is in such case and when exactly the FED has to step in? The system is behaving as it is supposed to. The bulk of the market thinks the trend is downwards so they sell into any strength, then as it becomes oversold they buy in again and wait for the price to rise. MNKD has a large trading range in percentage terms which makes it ideal for this sort of trade. There is not any manipulation, it's an easy pattern to see and traders will use it. |
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Post by dreamboatcruise on Jan 28, 2016 16:54:34 GMT -5
Just curious... let's say a hedge fund openly said "we think anything over $0.90 isn't justified and we intend to sell short whenever it exceeds that point"... is there something illegal about that?
Would there be something illegal if further they sold a bunch of $1 strike calls?
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Post by mindovermatter on Jan 28, 2016 17:01:54 GMT -5
Just curious... let's say a hedge fund openly said "we think anything over $0.90 isn't justified and we intend to sell short whenever it exceeds that point"... is there something illegal about that? Would there be something illegal if further they sold a bunch of $1 strike calls? No. Just like when that hedge fund guy Karp said it's going to $1 way back when the stock was trading above $6, I believe. |
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Post by agedhippie on Jan 28, 2016 17:14:34 GMT -5
Just curious... let's say a hedge fund openly said "we think anything over $0.90 isn't justified and we intend to sell short whenever it exceeds that point"... is there something illegal about that? Would there be something illegal if further they sold a bunch of $1 strike calls? No because they are stating an opinion and have declared an interest. If two hedge funds agreed to act together and secretly coordinated their actions that's collusion and is illegal. The SEC periodically goes after companies for collusion but seldom with much effect. Collusion is rare for the most part because it's unnecessary. Take Mannkind as an example; GS and other analysts say it's probably worth a fraction of where it is, there is heavy short interest, and poor sales. That's an open invitation to short the stock, collusion is unnecessary. Before anyone asks - no the analysts don't collude, it's just that they all conduct their anaylsis the same way and so get the same result! |
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Post by taylor810dn on Jan 28, 2016 17:14:57 GMT -5
If you had streaming quotes and you saw moves like piling a half million shares on the ask to stop the momentum, or the constant use of the 4 decimal bid/ask numbers, or the half to 1 million supposed shares traded on the last trade of the day to drop it several percent, or the bid being more than the ask, or the bid/ask being less than 2k shares and 500K shares are traded and the ask doesn't move, and I could go on, but if you had watched any of this compared to hundreds of other stocks and years of trading, you would not be saying this is normal trading, it is just not and it is obvious.
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Post by LosingMyBullishness on Jan 28, 2016 17:17:40 GMT -5
agedhippie,
this is normal trading?
2 big blocks of tiny orders in the morning (frist one about 100k, the second 75k) taking the stock down to 0.9300, then another block to kill the bounce at 1.01 and then, when there was no trading beside the background noise, one big chunk of 125k to send it down from 0.95 to 0.9 with minor corrections in the end to get to 0.9000.
But I guess you are the expert here.
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Post by taylor810dn on Jan 28, 2016 17:30:52 GMT -5
In comparison, MNKD has had a very tight trading range, some days even to the point of being totally absurd compared to other stocks with similar volume. With such a tight range, there has been nothing in the middle to take advantage of, it has all been these radical ups and downs that come out of nowhere, and the downs have severely outnumbered the ups. Good news is twisted/disstorted to hold the PPS in place, neutral/bad news is magnified to allow MAX. pain for the long side and MAX gain for the short side. The money is on the short side, much of it naked, and this will remain a victim until it goes bankrupt or gets news that is significant enough to get the volume to drive the crooks out. Last two days are good examples, high volume yesterday and you see where it took us, low volume today and we gave it all back and then some. Anybody that sees that as normal is wearing rose colored glasses.
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Post by LosingMyBullishness on Jan 28, 2016 17:31:43 GMT -5
parrerob,
in process control a set-point is the desired or target value of a variable that you try to achieve. A deviation due to a 'disturbance' initiates a command by the controller to the effector to make the system go back to the defined set-point.
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Post by dreamboatcruise on Jan 28, 2016 19:24:03 GMT -5
If you had streaming quotes and you saw moves like piling a half million shares on the ask to stop the momentum, or the constant use of the 4 decimal bid/ask numbers, or the half to 1 million supposed shares traded on the last trade of the day to drop it several percent, or the bid being more than the ask, or the bid/ask being less than 2k shares and 500K shares are traded and the ask doesn't move, and I could go on, but if you had watched any of this compared to hundreds of other stocks and years of trading, you would not be saying this is normal trading, it is just not and it is obvious. Not sure anyone is claiming this is normal. Discussion is whether it is legal or illegal. Take the shares trading end of day... I'm not sure what you mean by "supposed", but let's say that someone is purposefully doing it in order to manipulate the "close" price. Are you saying that this motive would thus make the action illegal? I'll assume that this is illegal "manipulation" despite suspecting that it happens A LOT. Then it comes down to... how does SEC enforce rules that have to do with knowing the intent of someone. Aren't there also legal reasons a trader might dump a lot of shares at end of day? Or the 4 decimal bid/ask... isn't that simply the fingerprint of an algorithm? I'm no securities law expert, but it seems there is a huge amount of game playing that is legal. |
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Post by taylor810dn on Jan 28, 2016 20:43:59 GMT -5
Read the post I replied to, it indicates "the system is working as it is supposed to", if that is not saying it is normal, I don't know what is. Yes there is game playing with all stocks, but the vast majority of it is within what is allowed by the SEC regulations, but there is trading action going on with MNKD that I have not seen in spending thousands of hours watching hundreds of stocks for many, many years. There are shares put up on the ask that are not real, they stop the momentum and then disappear. There are at least 5 actions that are consistently being used to manipulate MNKD trading that appear to be illicit. As for the SEC, as I have indicated on this board, MNKD is a minnow in a sea of whales, and the SEC doesn't even have enough resources to monitor the whales. There appears to be a massive amount of naked shorting with MNKD, that may be what is behind the large sales on the last trade of the day. You can try to find reasons for all this, but I know two facts based on a significant amount of trading experience, MNKD does not trade like any other stock I have ever monitored, the other fact is that an MM, or market maker's job/responsibility per the SEC is to make and keep a fair and equitable market--MNKD trading has been the polar opposite of that for months.
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Post by patten1962 on Jan 28, 2016 20:54:55 GMT -5
Ok. So what needs to happen for the stock price to go up?
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