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Post by nylefty on Sept 14, 2016 13:08:35 GMT -5
Same thing happened to satellite radio. Another disruptive technology. Naked shorting. It's an effective way to depress stock price. No, there just aren't enough people willing to pay hit satellite radio. I extended the subscription for an extra year once, but why listen to a radio when you can play any songs you want in your phone through your radio. Just because someone sees the shortfalls of a company or product and thinks the company will lose value or bk doesn't mean they killed the company by shorting it or even naked shirting it. If the product is wanted by the public the company will survive Really? SiriusXM (SIRI) seems to be doing well in recent years. Stock is up 141.18 percent in the past five years. goo.gl/vV6jBC
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Post by kbrion77 on Sept 15, 2016 8:26:00 GMT -5
One thing I am exhausted about is trading at the ten thousandth decimal place. Probably won't be long before the go to the millionths.
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Post by mnkdfann on Sept 15, 2016 8:58:20 GMT -5
No, there just aren't enough people willing to pay hit satellite radio. I extended the subscription for an extra year once, but why listen to a radio when you can play any songs you want in your phone through your radio. Just because someone sees the shortfalls of a company or product and thinks the company will lose value or bk doesn't mean they killed the company by shorting it or even naked shirting it. If the product is wanted by the public the company will survive Really? SiriusXM (SIRI) seems to be doing well in recent years. Stock is up 141.18 percent in the past five years. goo.gl/vV6jBCOf course, relatively speaking that is a dead cat bounce given that its high was once over 60 dollars (versus 4 dollars and change today).
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Post by cjm18 on Sept 15, 2016 9:22:27 GMT -5
Really? SiriusXM (SIRI) seems to be doing well in recent years. Stock is up 141.18 percent in the past five years. goo.gl/vV6jBCOf course, relatively speaking that is a dead cat bounce given that its high was once over 60 dollars (versus 4 dollars and change today). Dead cat implies the company isn't doing well. They have a market cap of 20billion and a record subscriber base of 30 million. Their share price is the highest it's been since they were cash flow positive in 2006. But this is all irrelevant to the question does naked shorting hurt share prices.
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Post by mnkdnewb on Sept 15, 2016 10:51:02 GMT -5
Of course, relatively speaking that is a dead cat bounce given that its high was once over 60 dollars (versus 4 dollars and change today). Dead cat implies the company isn't doing well. They have a market cap of 20billion and a record subscriber base of 30 million. Their share price is the highest it's been since they were cash flow positive in 2006. But this is all irrelevant to the question does naked shorting hurt share prices. If someone naked shorts a stock, they either have to buy it back or find real available shares to short it with. At the end of the day, if you think this is manipulated down by shorting right now you should be dumping all of your money into it. I see it as a company that has almost no money and a large need to secure financing within the next month or so. Maybe after that it will be a good buy but not until after dilution IMHO.
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Post by mnkdfann on Sept 15, 2016 11:21:32 GMT -5
Of course, relatively speaking that is a dead cat bounce given that its high was once over 60 dollars (versus 4 dollars and change today). Dead cat implies the company isn't doing well. They have a market cap of 20billion and a record subscriber base of 30 million. Their share price is the highest it's been since they were cash flow positive in 2006. But this is all irrelevant to the question does naked shorting hurt share prices. My point, I just think most people who believe naked shorting hurt Sirius are those who watched its share price fall from 60+ to single digits, and are really talking about that. Not what happened in the last five years. Also, that they are confusing what happened to the share price with what happened to the company. The company is a success. I am not saying the historical huge fall in Sirius share price was due to naked shorting, I have no idea. I suspect it was just a bubble that inevitably burst.
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Post by nylefty on Sept 15, 2016 12:41:42 GMT -5
Really? SiriusXM (SIRI) seems to be doing well in recent years. Stock is up 141.18 percent in the past five years. goo.gl/vV6jBCOf course, relatively speaking that is a dead cat bounce given that its high was once over 60 dollars (versus 4 dollars and change today). So five years of sustained growth is a dead cat bounce? I nominate that for the most bizarre post of the year.
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Post by cjm18 on Sept 15, 2016 13:05:52 GMT -5
Dead cat implies the company isn't doing well. They have a market cap of 20billion and a record subscriber base of 30 million. Their share price is the highest it's been since they were cash flow positive in 2006. But this is all irrelevant to the question does naked shorting hurt share prices. My point, I just think most people who believe naked shorting hurt Sirius are those who watched its share price fall from 60+ to single digits, and are really talking about that. Not what happened in the last five years. Also, that they are confusing what happened to the share price with what happened to the company. The company is a success. I am not saying the historical huge fall in Sirius share price was due to naked shorting, I have no idea. I suspect it was just a bubble that inevitably burst. There probably are some people who see a stock drop fast and automatically conclude that it was naked short selling. I'm not one of those people. I'm not going to post anything more about Sirius. Just google Sirius naked short selling. There is a chart of the tickers (not just stocks) with most fail to delivers last year that has been floating around. Mnkd is on that chart. If shorting a stock is the same as selling a stock and selling a stock lowers the price then why can't one see that naked shorting also lowers the price? But the key is the rules of supply and demand don't apply to naked shorting. It creates counterfeited or fake shares. Imagine "borrowing" one share of Mnkd and selling it. But the share never was borrowed. Now imagine another investor "borrowing" that same share and selling it but the same share never changes hands. This happens over and over on one share. Now imagine this concept applied to one house instead of one share of stock. Society would never let that happen. Buying manipulated (down) stocks will only work if I'm confident sometbing good will occur that will get the shorting to slow down or more buyers to come in.
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Post by mnkdfann on Sept 15, 2016 13:10:14 GMT -5
Of course, relatively speaking that is a dead cat bounce given that its high was once over 60 dollars (versus 4 dollars and change today). So five years of sustained growth is a dead cat bounce? I nominate that for the most bizarre post of the year. This is the SECOND time you've criticized that same line of mine, while adding nothing to the conversation in the process. Why are you so unnecessarily argumentative? You keep nitpicking, and missing the point (not just in this thread). I guess some people retire and chill, you seem to be more the retire and troll type. Fine, 'relatively speaking that is a dead cat bounce' was not the most accurate phrase. But to me it seemed to capture the sense of what happened, that is a heavily shorted stock that fell from 61+ dollars to 14 cents or whatever (its low was well under a dollar) and then rebounds up to a few dollars.
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Post by nylefty on Sept 15, 2016 13:22:04 GMT -5
So five years of sustained growth is a dead cat bounce? I nominate that for the most bizarre post of the year. This is the SECOND time you've criticized that same line of mine, while adding nothing to the conversation in the process. No, I criticized your line about a supposed SIRI dead cat bounce ONCE, not "for the second time." It is true that I'm still bullish about MNKD and try to correct false or misleading claims by MNKD bashers.
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Post by op2778 on Sept 15, 2016 15:52:13 GMT -5
I respect everybody, that's My rule. If you respect, get it back. That said, is unbelievable how people or better said poster can denie a fact. I'm not an expert and will avoid to enter Siri argument. What i can say is that there is a guy that create a site tracking naked short and short volume. Probably some of you knows who he is. If you want, i can tell you The website name. He followed Siri for many years and he has data (listen Well) a lot of data, saying that SIRI Was highly naked shorted From The famous $61 to 0.14 cents. After that, he clearly said: this stock is going to rebound big, probably to 4-5dollars (stock is nowadays at that price). Coincidence? I don't know guys. He shows hard DATA, numbers. If we want to refuse hard Numbers, Well i don't know What to say.
The same guy I'm talking about, has real data about MNKD. He clearly stated that MNKD is highly naked shorted like Siri Was. At first, i didn't believe all this thing, but after few weeks following his updates i Was convinced something wrong Was happening with MNKD for real. Btw, that guy said before The run up From 0.64 to 1.90 aprox, that stock will start to run, because DAtA shows that. Well guys, coincidence can happen, but after few days he said that MNKD will soar, stock went up like a rocket.
The guy could seems a little bit crazy, probably he is a little bit, but his system and his data is a fact. Hard numbers talks for him and for Siri and MNKD. I have to agree with NYlefty, something wrong is happening with MNKD. Yes, I'm one of those blaming mgtm for The bad decision they tooks in The past. But really, now they are working hard showing fact each day.
Too late to turn The ship? Maybe it is, but I'm pretty sure naked short is a big piece of The puzzle in MNKD story. I'm just wondering What will happen If SEC decided to BAN naked short just for 2-3 months. Stocks like MNKD will stay down? I really doubt it.
Well, just My opinion.
Btw, i wasn't a trader when Porsche squeeze happened, but something miracles Happens.
I keep listening to people saying: float is too big bla bla bla. Ok, float is big, but, What will happen If some billionaire with nothing more to do, decide to Buy just 100mm shares of MNKD in The open market? Dreaming isn't forbidden right?
Finally: VTAE Was bought for $21 per share. They are still in Clinical stage. Stock Was at $8.
Are you going to say to me that an FDA approved drug isn't worth more than 0.70 per share? Yes, balance sheet is a mess, we all know that, I'm not an expert about financial, but do we really think patents are worth nothing in MNKD case?
Yes, BP are interested to BK MNKD t get all those patents for free or just few pennies, but we will never know until th story end.
Don't right each other, we can have different opinions, but reality said SIRI and MNKD just to mention 2 stocks where highly manipulated.
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Post by nylefty on Sept 15, 2016 16:24:36 GMT -5
I respect everybody, that's My rule. If you respect, get it back. That said, is unbelievable how people or better said poster can denie a fact. I'm not an expert and will avoid to enter Siri argument. What i can say is that there is a guy that create a site tracking naked short and short volume. Probably some of you knows who he is. If you want, i can tell you The website name. Yes, please tell us.
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Post by cjm18 on Sept 15, 2016 16:30:59 GMT -5
Stockshortdata dot com
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Post by babaoriley on Sept 15, 2016 17:15:10 GMT -5
Care to give us some examples of this "untruthfulness?" I don't remember seeing any such examples from those of us who remain bullish about MNKD. Some of the untruthfulness is in the fact that there is no balance between positive and negative aspects portrayed by many here. Thumbs up are given to anyone who posts something that makes someone else on the red feel better. There are other positives, but some I could mention are scripts are up from when the sales team started, Mnkd was able to secure some financing that will take us into 2017, we have Castagna who is a rockstar, afrezza seems to be very effective to me (but I'm not a dr who follows all of the different insulins out there), epi is hot right now and we have an epi product in the pipeline. Negatives: we will be out of cash early 2017 based on current cash position so we will need to dilute the piss out of the stock, prescriptions aren't climbing nearly fast enough to become cash flow even by the time current money runs out, black box warning attached to afrezza, epi is still a long way from being profitable and will require money that we don't have. This probably won't get nearly as many thumbs up as the guy who replies to this calling me an idiot and a fudster mnkdnewb, you're an idiot and a fudster! (just checking your thesis)
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Post by op2778 on Sept 15, 2016 21:21:30 GMT -5
Cjm just posted the name of The website.
Thanks Cjm Op
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