|
|
Post by mindovermatter on Mar 30, 2016 9:32:18 GMT -5
Can't say for sure but I think it all took shape back in '07 when Exubera failed and all the other inhaled insulin companies shuttered their projects sans Mannkind. Mannkind became a viable short target. Wall St saw Al as the biotech Don Quixote going after an impossible windmill of a market that didn't exist. To date, they have been right. Inahled insulin has no market. True, but this is largely due to the treacherous actions of SNY supported by GS, the FDA, the Insurance industry, dozens of SA articles, the Gutter.com, M.F., and by the ALMOST suicidal behavior of MNKD management. SNY shares some of the blame but let's not be blind to the fact that there are many other factors that were against Afrezza from the start. It still remains to be seen if Mannkind can do what SNY couldn't. |
|
|
|
Post by hawkfan9 on Mar 30, 2016 12:19:39 GMT -5
The departments of investment banks, such as Goldman Sachs, do not share information with one another. So, Jay Olson is not told to lower prices for the Sales & Trading department to get the shares at a lower price. Jay must feel that Mannkind will not be successful. On the other hand, someone else (in a different department) must believe that Mannkind is a good buy at these price levels. It shouldn't be surprising to anyone that two people within a huge corporation have different opinions on a stock.
|
|
|
|
Post by peppy on Mar 30, 2016 12:28:42 GMT -5
The departments of investment banks, such as Goldman Sachs, do not share information with one another. So, Jay Olson is not told to lower prices for the Sales & Trading department to get the shares at a lower price. Jay must feel that Mannkind will not be successful. On the other hand, someone else (in a different department) must believe that Mannkind is a good buy at these price levels. It shouldn't be surprising to anyone that two people within a huge corporation have different opinions on a stock. yes, we know that is the official story regarding the separation of analysts and the trading department.
In my world, my right hand usually knows what my left hand is doing. I can tell you I made a law requiring that knowledge to be separated.
Blankfein quote from recent CNBC interview: "what GS does is risk management." Blankfein must be suffering from chemo brain, he seems to have forgotten the great recession.
Official stories are just that, stories. opinionated witch I am.
|
|
|
|
Post by agedhippie on Mar 30, 2016 12:42:52 GMT -5
The departments of investment banks, such as Goldman Sachs, do not share information with one another. So, Jay Olson is not told to lower prices for the Sales & Trading department to get the shares at a lower price. Jay must feel that Mannkind will not be successful. On the other hand, someone else (in a different department) must believe that Mannkind is a good buy at these price levels. It shouldn't be surprising to anyone that two people within a huge corporation have different opinions on a stock. yes, we know that is the official story regarding the separation of analysts and the trading department.
In my world, my right hand usually knows what my left had is doing. I can tell you I made a law requiring that knowledge to be separated.
Blankfein quote from recent CNBC interview: "what GS does is risk management." Blankfein must be suffering from chemo brain, he seems to have forgotten the great recession.
Official stories are just that, stories. opinionated witch I am. I think a better point is that Goldman have been consistently hostile so there is no way their trading desk needs a heads up. Their buying is simply speculation though since it is only relevant if they are trading on their own account (the firm wants the stock) rather than executing a trade for a client. I know of no way for the public to get trade information short of a 13F and even then it's aggregated (and months out of date). If anyone can tell me how they know Goldman bought stock and how much on Monday I am impressed. Witchcraft excluded obviously!  |
|
|
|
Post by rvc on Mar 30, 2016 17:26:17 GMT -5
GS also holds a substantial put option position in MNKD, but no one seems to acknowledge that. They are hedging their positions, as most brokerage houses do.
|
|
|
|
Post by biffn on Mar 31, 2016 14:23:16 GMT -5
Jay is a total neophyte analyst. Not sure what to make of him. His analysis lacks any insight beyond the most obvious balance sheet and sales information.
|
|
|
|
Post by ricguy on Mar 31, 2016 15:10:22 GMT -5
GS dropped coverage of MNKD so I don't think we will be seeing him anymore.
|
|
|
|
Post by peppy on Mar 31, 2016 17:57:06 GMT -5
GS dropped coverage of MNKD so I don't think we will be seeing him anymore. an interesting twist in this regard, on options expiry 23 million shares changed hands at 2.00. And now GS drops coverage. It may have nothing to do with price being under 2 dollars.
|
|
|
|
Post by dejude42 on Mar 31, 2016 19:16:58 GMT -5
Believe it or not, (trust me I do not know what to think) at approximately 6:00 am 3/31/2016 I wrote the following and sent to the SEC and the FBI: A stock trade whether to fill a Current BID order or Submit an ASK sell needs shares to relinquish. Why be a Major Holder and publish negative bits of information. Wealth to investor is only created by positive data. IMHO MNKD SHARES as of 12/31/2015 18,565,467 381,957 To Control the cost of a Stock an individual must have share holdings. The question lies in many of these top holdings are publishers of negative data towards Mannkind. Why hold stock you do not believe in? The shares only purpose would be to drive price toward the manner you wish stock to follow. A true investor holds stock for gains, which support company and in growth gives investor returns. name.....................date.............shares..........change STATE STREET CORP...... 12/31/2015 14,435,063 3,962,544 BLACKROCK FUND ADVISORS 12/31/2015 10,967,147 (1,001,288) GOLDMAN SACHS GROUP INC 12/31/2015 9,765,514 7,368,359 FMR LLC ................12/31/2015. 9,214,968 (50,000) BLACKROCK INSt TRST CO/ 12/31/2015 6,341,795 119,719 INVESCO LTD........... 12/31/2015 5,481,833 1,988,888 SUSQUEHANNA INtNL GrP, 12/31/2015 3,235,211 926,950 NORTHERN TRUST CORP... 12/31/2015 2,911,791 58,598 MORGAN STANLEY..........12/31/2015 2,388,919 461,326 PSAGOT INVESTMENT HOUSE 12/31/2015 2,000,000 2,000,000 NEW Form Submitted Successfully Print TCR TCR Submitted Successfully - Reference Number: TCR1459426262014 To print a copy of this submission for your records, click the Print TCR button. Please include the Reference Number on all future correspondence regarding this submission. To print this confirmation screen, click your browser print button. Thank you for contacting the Division of Enforcement of the United States Securities and Exchange Commission. This automated response confirms that your submission has been received successfully.We are always interested in hearing from the public, and your submission will be given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. Please note, however, that it is the Commission's policy to conduct its investigations on a non-public basis in order to preserve the integrity of its investigative process, as well as to protect persons against whom unfounded charges may be made or against whom the Commission decides not to bring an enforcement action. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather, nor can we confirm the existence or non-existence of an investigation, unless such information is made a matter of public record in proceedings brought before the Commission or in the courts. Therefore, this may be the only response that you receive.If you want to learn more about how the Commission handles inquiries or complaints, please visit www.sec.gov/complaint/info_tipscomplaint.shtml |
|
|
|
Post by rvc on Mar 31, 2016 20:34:37 GMT -5
Yes GS has been buying, but they also hold a massive put position. Plus, the more they buy, the more they can lend out and get 50-70% interest. They know how to play the market.
|
|
|
|
Post by parrerob on Apr 1, 2016 3:53:21 GMT -5
Sorry but GS is not playing good the market. GS is owning and manipulating the market. Totally different point of view. |
|
|
|
Post by mnkdrox on Apr 1, 2016 5:16:27 GMT -5
Jay will be using his crayons to create child-friendly murals in Manhattan Starbucks. Look for his work soon.
|
|
|
|
Post by dejude42 on Apr 1, 2016 6:17:59 GMT -5
So many people are caught up with a self created "Because I can" and deceive themselves. The true meaning was "Just because I can" and this statement is very self serving. Laws in America are created to follow, to develop society for the betterment as individuals seeking and as a group united. Stocks shares exist for this very purpose to supply needed help to a corporation, which allow a private common investor to share the wealth of growth.
Stock (I believe) were not created for quick gains. Stocks are an investment by definition this takes time. Jails are full of individuals wishing the quick dollar. Laws are not a hindrance to those that obey a balanced fair law. Thankfully, we the people in America do have the ability to remove and change a badly written Law.
|
|
|
|
Post by mnkdrox on Apr 1, 2016 6:57:31 GMT -5
The market is totally upside down, with the chiselers and termites knocking down companies.
|
|
|
|
Post by mindovermatter on Apr 1, 2016 7:06:20 GMT -5
At the first of 2016 Jay had a sell rating on MNKD with a $1.00 target. On December 31, 2015 MNKD closed at $1.45. On Jan. 19th, 2016 he lowered his PT to $.25 on MNKD. Jay Olson follows only one other stock, PTLA. On December 31, 2015 he had a buy rating on PTLA and a $65.00 price target. On 12/31/2015 PTLA closed at $51.45. So if an investor or hedge fund bought PTLA and shorted MNKD using the 12/31/2015 prices, how are Jay's recommendations doing this year? PTLA made a multi year low yesterday at $18.20 and closed at $19.00. On Sunday Jay removed his buy on PTLA and placed it with a neutral and a $30.00 price target. So let's do the math on our analyst Jay Olson as of last night. If you had invested $50k in PTLA on Dec. 31, 2015 it would be worth $18,464.52. Your $50k in MNKD that you shorted on December 31, 2015 @ $1.45 would be worth $43,793.10. You would now have and account balance of $62,257.62 not including the HTB interest on your MNKD stock. If PTLA stays here and MNKD goes over $3.00, your entire investment is gone after paying the interest, or over $3.43 not including the interest. It gets better! While Jay was suggesting that clients Short or Sell MNKD, Goldman Sachs was buying, see the latest institutional holdings. What was GS doing with their PTLA holdings that Jay had a buy? GS was selling of course, see the latest on PTLA institutional holdings. I believe Jay has a middle name, drum roll please........Jay Patsy Olson! Jay doesn't have much of a track record and I think his last line of questioning during the CC exposed him as someone who seemed to be clueless or at least disingenuous. But the fact remains his price target and call on MNKD was more right than wrong. You can bitch and complain about him as I have but he's not the reason why Mannkind has under performed horribly. He didn't make the company make bad decision after bad decision such as switching devices to create the second CRL or pick Sanofi or not do a secondary when the stock price was much higher. He didn't make Mannkind pick a CEO that would only last 1 month because someone didn't do their due diligence over his non compete issue. Maybe it is time that we stop complaining about GS and start holding the Mannkind responsible for their misfortune. I know its a hard concept to swallow for many on here because it is as if Mannkind can do no wrong. But hey, I get it that it is therapeutic to blame everything and everyone else for Mannkind's poor performance. |
|
