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Post by otherottawaguy on Oct 14, 2016 11:03:02 GMT -5
If this thing breeches $.50, will be interested in what she spirals down to before the vultures swoop in.
Just watch stop losses get taken out "again" on my other biotech. Made me think about MNKD when it did.
OOG |
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Post by otherottawaguy on Oct 14, 2016 11:08:16 GMT -5
Seem to have got them right before lunch, price is starting to climb again on the other stock (EXEL if you want to watch). Lunchtime crowd is checking account and saying "What Happened" and buying back in. Second time this week.
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Post by monger on Oct 14, 2016 12:04:44 GMT -5
If this thing breeches $.50, will be interested in what she spirals down to before the vultures swoop in.
Just watch stop losses get taken out "again" on my other biotech. Made me think about MNKD when it did.
OOG Looks like about 90,000 shares traded around 12:40 today at 50 cents. I just added that up in my head from looking at the reported Time & Sales. Since Fidelity is reporting 191,000 shares traded at 12:41, and only 40,000 at 12:40 I'm not sure why there is a discrepancy. Assuming the Time & Sales is accurate, though, since it lists individual trades, it looks to me like this low today resulted in a frenzy of trading, but not all of it could be 50 cent stops. I'm guessing, because I really have no idea, that perhaps a lot of shares were offered at 50 cent stops, but there were a lot of buyers looking for a bargain, which is why it soon went up to 51 and almost 52 cents in the next 20 minutes. My point is that you may be right about this, but 50 cents looked like support today. It's sad that we can be happy about that. :-) We still have 3 hours to go today. |
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Post by otherottawaguy on Oct 14, 2016 12:19:08 GMT -5
I didn't see the drive down to 50, when I did look in, was glad to see it stop there. Thinking it might get real ugly really quick if we broach that point. Guess might be as far as into the high 30's???
OOG
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Post by monger on Oct 14, 2016 12:35:36 GMT -5
I didn't see the drive down to 50, when I did look in, was glad to see it stop there. Thinking it might get real ugly really quick if we broach that point. Guess might be as far as into the high 30's??? OOG At this point I think anything is possible. I was very tempted to buy more today, but resisted for exactly that reason. Since we don't know whether sales will take off or we will get any of these mysterious payments that might show up before we run out of money, it's pretty much a binary play now. Either it starts to take off, or it drops to some fire sale level. The problem is I have no idea which. |
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Post by mnkdfann on Oct 14, 2016 12:40:42 GMT -5
Isn't every investment a binary play? It goes up. Or it goes down.
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Post by monger on Oct 14, 2016 15:01:43 GMT -5
Isn't every investment a binary play? It goes up. Or it goes down. No. Not sure if you're being facetious or not. It's true that any given stock might trend up or trend down, or have mixed trading over a period of time (so that's not binary, it's trinary), but with MNKD, the shorts are betting on the total collapse of the company, which is one alternative, and most longs are betting that in the long term the stock is going WAY up. So a lot of people see this as a big win or a big loss, but nothing in between. Most people aren't thinking, OK, I'll make 3% on this stock in the coming year, or maybe lose 1%. There are two and only two alternatives here. |
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Post by sluggobear on Oct 14, 2016 15:12:17 GMT -5
But it is looking more unitary every day.  |
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Post by LosingMyBullishness on Oct 14, 2016 15:21:07 GMT -5
Who would have a stop loss on a stock like MNKD? Most stoplosses are public, traders see them and kick them out. Stop loses on a small cap with high short rate is like "take me down, please".
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Post by agedhippie on Oct 14, 2016 16:19:59 GMT -5
Seem to have got them right before lunch, price is starting to climb again on the other stock (EXEL if you want to watch). Lunchtime crowd is checking account and saying "What Happened" and go back in. Second time this week. I've got to give up biotechs, they are not good for my blood pressure. I did OK out RLYP eventually but DVAX....  I think DVAX comes right in the end so I keep buying but it's nerve racking in the interval. |
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Post by mnkdnewb on Oct 14, 2016 16:37:06 GMT -5
Who would have a stop loss on a stock like MNKD? Most stoplosses are public, traders see them and kick them out. Stop loses on a small cap with high short rate is like "take me down, please". Lol are we adding "people who use stop losses" to the list of reasons Mnkd is at $0.50? |
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Post by LosingMyBullishness on Oct 14, 2016 18:59:57 GMT -5
Lol are we adding "people who use stop losses" to the list of reasons Mnkd is at $0.50? No. The question is rather were all the stocks come that people can borrow at low rate. Edit as Tapatalk does not support editting existing posts. No. The question is rather where all these shares come from that can be borrowed at a low rate. |
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