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Post by rch51 on May 11, 2016 12:12:38 GMT -5
Hey, not looking for advice. Just curious if others are having similar demons visiting them. My gut tells me to go to the well one more time (I usually listen to it). My heart tells me to hold and not be greedy (not so disciplined). Nearly 6 years, half a dozen buys and a couple sells and I'm as unsure today as I was in 2002. At this point I'm all in and (like most of you) seriously under water. But I can't seem to shake that little guy sitting on my shoulder. Ugh!
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Post by rayskum on May 11, 2016 12:25:15 GMT -5
I had that dilemma too, but bought some after considering Afrezza potential. I think the turnaround by Matt and team will succeed.
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Post by ilovekauai on May 11, 2016 12:28:04 GMT -5
My track record is very similar to yours except I don't go back to 2002. I started dancing with MNKD in 2012. If it matters to you at all, I went with my instincts yesterday and added. (again). GLTY.
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Post by rch51 on May 11, 2016 12:32:57 GMT -5
My track record is very similar to yours except I don't go back to 2002. I started dancing with MNKD in 2012. If it matters to you at all, I went with my instincts yesterday and added. (again). GLTY. Oops. My bad! I typed the wrong date. I first started investing in 2010, not 2002. 6 years is plenty long enough :>) |
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Post by tingtongtung on May 11, 2016 12:39:26 GMT -5
I bought and sold a bunch of times when they were in the process of FDA approval. It was just a stock to make some profit quickly.. I did some more research, decided to go long term. I expected Sanofi deal to really push this up. That (whatever you want to call it - GS shorting, Sanofi intentionally blocked them, ....) kind of pushed me more and more towards MNKD. I respect Al Mann, and in my opinion Afrezza is really useful for millions of people.
I have been buying (bought some in .60 and .70s a while back). I bought some on 9th (before knowing about the new warrants). I have an order at .90 today. I'm in a big hole! But, I like this company and the product. I hope MNKD makes an impact with Afrezza and many others, and makes us all rich :-)
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Post by Deleted on May 11, 2016 12:42:18 GMT -5
With the high short interest and astronomical borrowing rates theres always the chance for a short squeeze. I dont know if the company will make it but I cant imagine the price not increasings with the following catalysts coming up. Matt could really hit the ball out of the park tomorrow with the offering being complete and the BOA presentation. Followed by ADA and the sales force being implemented and makes progress. Whoever they sold these 50 million shares to have an interest in getting the price at least to 1.50 for the warrants. If we learned anything its that they play dirty. Run with them not against them and try and make some money back is my approach. We all know when the pps will stabilize and thats through sales. If the pps has drastically gone up on short covering and sentiment with an absurd market cap then you sell the position and wait to re enter. If the sales are there then you hold. ****Disclosure******If you looked at my reealized loss and gain statement on MNKD I would not follow any of my advice  |
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Post by mnkdfann on May 11, 2016 12:54:51 GMT -5
With the high short interest and astronomical borrowing rates theres always the chance for a short squeeze. I dont know if the company will make it but I cant imagine the price not increasings with the following catalysts coming up. Matt could really hit the ball out of the park tomorrow with the offering being complete and the BOA presentation. Followed by ADA and the sales force being implemented and makes progress. Whoever they sold these 50 million shares to have an interest in getting the price at least to 1.50 for the warrants. I do not think your last observation is necessarily true. The institutions who bought into the offering can (presumably) sell the warrants and make a profit on the trade without the shares ever getting close to 1.50. |
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Post by tingtongtung on May 11, 2016 12:55:59 GMT -5
With the high short interest and astronomical borrowing rates theres always the chance for a short squeeze. I dont know if the company will make it but I cant imagine the price not increasings with the following catalysts coming up. Matt could really hit the ball out of the park tomorrow with the offering being complete and the BOA presentation. Followed by ADA and the sales force being implemented and makes progress. Whoever they sold these 50 million shares to have an interest in getting the price at least to 1.50 for the warrants. If we learned anything its that they play dirty. Run with them not against them and try and make some money back is my approach. We all know when the pps will stabilize and thats through sales. If the pps has drastically gone up on short covering and sentiment with an absurd market cap then you sell the position and wait to re enter. If the sales are there then you hold. ****Disclosure******If you looked at my reealized loss and gain statement on MNKD I would not follow any of my advice Hahaha.. MNKD has ~500million shares? So, $10/share would be $5 BILLIONs. $50 is $25 BILLIONS :-) People throw around the buyout price of $50, $73 so on.. But, if the new ~70 sales guys bring in 1 script per day, it would be 30*70 = 2000/mth == 500 new scripts per week (3x current rate). I'm sure the stock price will gain a dollar or two.. That may lead to domino effect, and it may just take off. And, I don't think Matt is a fraud. I think, he knows he is a little guy (in terms of resources, etc), and wants to prove himself. He seems to be working hard with whats available to him. |
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Post by bretzyboy on May 11, 2016 12:58:37 GMT -5
I'd suggest reading page 43 of the last 10Q very carefully before deciding to invest.
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Post by rockstarrick on May 11, 2016 13:04:15 GMT -5
Everybody needs to lead their own horse, but when we dropped to .64 I purchased a nice block @ .68 with the intentions of trading it around my core. I sold all shares purchased under a buck @ $2.05 then held the profits until yesterday when I bought just over 5k more shares that I will again sell for profit when the time comes. Trading around my core position has allowed me to add over 10k more MNKD shares, and diversify my portfolio with positions purchased from profits, (free shares).
So in my opinion, anybody that doesn't see the opportunity to profit on MNKD shares under a buck is missing a golden opportunity.
The only catch is you need to be satisfied with the amount of shares you hold in your core, and set your sell limit and stick to it on the new "cheap" shares. Nothing wrong with skimming a few profits on cheap shares IMO.
Good Luck Everybody
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Post by tingtongtung on May 11, 2016 13:11:39 GMT -5
I'd suggest reading page 43 of the last 10Q very carefully before deciding to invest. Did it again, as per your suggestion. Summary (IMHO) * Bankruptcy - Off as of now. Worst case is, you will lose $1/share going forward.* Dilution - We are already <$1. Worst case is, you will lose $1/share going forward.* Al Mann foundation - 35% held by them can be sold. Again, worst case is, you will lose $1/share going forward. Will the trustees sell 35% at $1? I don't think so. But, I'm not that rich to figure out how multi-millionaire's think. But, unless they are trying to do loss harvesting, I don't think they will dispose off everything. May be they will give Matt sometime? I think so. What's your counter? |
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Post by Deleted on May 11, 2016 13:12:34 GMT -5
With the high short interest and astronomical borrowing rates theres always the chance for a short squeeze. I dont know if the company will make it but I cant imagine the price not increasings with the following catalysts coming up. Matt could really hit the ball out of the park tomorrow with the offering being complete and the BOA presentation. Followed by ADA and the sales force being implemented and makes progress. Whoever they sold these 50 million shares to have an interest in getting the price at least to 1.50 for the warrants. I do not think your last observation is necessarily true. The institutions who bought into the offering can (presumably) sell the warrants and make a profit on the trade without the shares ever getting close to 1.50. Isnt the exercise price on the warrants 1.50 |
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Post by seanismorris on May 11, 2016 13:14:17 GMT -5
I bought yesterday at .98 and I expect a nice profit from the trade within the next 2 months.
My long position is a constant worry...it will probably take years to get back to were I bought it (if things go well).
Going or being long MNKD is kind of a fools game right now (and yes I am fool).
MNKD is a trade for the foreseeable future.
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Post by scottiemac on May 11, 2016 13:25:15 GMT -5
Not buying more, not selling any. Leaving it for my kids down the road, hopefully a couple of decades from now. They'll either say "what in the world was the thinking here?" or "bless you!" Hoping for the latter.
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Post by agedhippie on May 11, 2016 13:39:43 GMT -5
I do not think your last observation is necessarily true. The institutions who bought into the offering can (presumably) sell the warrants and make a profit on the trade without the shares ever getting close to 1.50. Isnt the exercise price on the warrants 1.50 Yes. But you don't have to exercise the warrant you can sell it instead. The A and B pair together are worth about 50 cents (less after the pps drop today!) |
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