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Post by orlon on May 23, 2016 11:12:54 GMT -5
Who is keeping a tight grip on the stock price, the narrow trading range, and why?
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PPS
May 23, 2016 12:32:12 GMT -5
Post by xoxoxoxo on May 23, 2016 12:32:12 GMT -5
Who is keeping a tight grip on the stock price, the narrow trading range, and why? Mnkd could be using their ATM and selling everytime we hit .93  |
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PPS
May 23, 2016 12:40:11 GMT -5
Post by Deleted on May 23, 2016 12:40:11 GMT -5
could be sideways for awhile
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Post by biffn on May 23, 2016 13:17:33 GMT -5
could be sideways for awhile This is unnaturally sideways. Something other than the general market is in control. |
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PPS
May 23, 2016 13:56:52 GMT -5
Post by biffn on May 23, 2016 13:56:52 GMT -5
No one in their right mind without criminal intent is offering at 0.9301. total BS.
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PPS
May 23, 2016 14:12:03 GMT -5
Post by biffn on May 23, 2016 14:12:03 GMT -5
Of course, do HFT systems have criminal intent? Though in this instance it would seem that someone or some entity is pegging the price using these systems.
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PPS
May 23, 2016 14:47:55 GMT -5
Post by mnkdfann on May 23, 2016 14:47:55 GMT -5
Who is keeping a tight grip on the stock price, the narrow trading range, and why? It''s NOT a narrow range in percentage terms. Today MNKD has traded up and down in about a 3.4% range. Whereas the overall NASDAQ is in a 0.1% range. According to Yahoo Finance, MNKD's beta is 2.97. So it's price movement is actually nearly 200% more volatile than that of the overall market. |
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PPS
May 23, 2016 15:19:28 GMT -5
via mobile
Post by kc on May 23, 2016 15:19:28 GMT -5
Huge volume today in shares size over 25,000. More blocks than normal in that over 25K range.
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Post by seanismorris on May 23, 2016 15:27:26 GMT -5
I thought we were due for a breakout (technically) at the end of last week...
It felt like a computer was keeping the lid on. I don't think that will continue going into the ADA...to much upward pressure and temptation for the shorts to get out. (More upside risk than downside).
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PPS
May 23, 2016 19:14:26 GMT -5
Post by Deleted on May 23, 2016 19:14:26 GMT -5
Huge volume today in shares size over 25,000. More blocks than normal in that over 25K range.
25,000 blocks are not big purchase when the price is .93 cents |
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Post by Deleted on May 23, 2016 19:16:09 GMT -5
Someone is keeping the lid on with the high frequency trades. I bought 5000 more shares today and it was filled 100 by 100 for about 5 minutes
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Post by robsacher on May 24, 2016 10:17:42 GMT -5
I have a feeling that the new shares are being sold in a pattern that will keep the PPS from going down below 0.90 cents.
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PPS
May 24, 2016 11:43:43 GMT -5
Post by LosingMyBullishness on May 24, 2016 11:43:43 GMT -5
Guys, we have seen this tight control for so many times.
There are few trades today due to lack of news and the HFQ are treading water.
If you look at Level 2 now there are some k shares at every 0.0001 but less than in the past with a mayor roadblock at 0.9500 of 460k shares.
It was very tight before GS stopped its coverage, often with 10k shares in steps of 0.001 and than big bumpers.
The whole situation of a 4digit share price for such a stock is ridiculous.
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Post by goyocafe on May 24, 2016 12:31:46 GMT -5
The whole situation of a 4digit share price for such a stock is ridiculous. I'd give up a major body part just to see a 4 digit share price to the left of the decimal. Just once! |
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PPS
May 24, 2016 13:29:37 GMT -5
Post by biffn on May 24, 2016 13:29:37 GMT -5
Someone or thing has a Ask cap firmly in place today at .95 cents. The earlier forays to that level were immediately beaten down. Now its locked in a .0005 channel. It does feel like there is upside pressure being resisted by almost unlimited reserves at that level.
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