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Post by liane on Apr 2, 2014 14:02:39 GMT -5
Looks like it will be our highest volume day ever. 88 M so far. Maybe crack 100 M?
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Volume
Apr 2, 2014 14:27:03 GMT -5
Post by mnkdwillwin on Apr 2, 2014 14:27:03 GMT -5
Now if the pps would follow suit we would be in like Flynn;)
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Volume
Apr 2, 2014 17:18:22 GMT -5
Post by alcc on Apr 2, 2014 17:18:22 GMT -5
Beggars the mind who these sellers are and what they are thinking. Looking at it another way: we have, what, 360M shares outstanding? And likely close to half of it are in insider (Form 4 restricted) hands. That makes the float likely less than 200M shares. Of that float, 40% changed hands today ?? What??
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Post by MnkdMainer (MM) on Apr 2, 2014 17:40:11 GMT -5
Remember that Deerfield may have converted 12M shares ($60M @ min $5/share) and sold those shares throughout the day. Another 7M shares may have been added pursuant to the $50M ATM. I think this (19M new shares) explains the apparent cap or dampening of the share price.
Also, the share volume does not indicate what percentage of the float changed hands, according to my understanding. A relatively small number of shares can be traded back and forth, making it appear that half or more of the float was traded when in fact a quarter or less of the float actually traded. Corrections welcomed.
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Post by jpg on Apr 3, 2014 12:35:21 GMT -5
Near 20 million shares were trade in a few minutes. What sane true sellers would do this if it were not simply a HFT game being played by different computers and groups? The same shares get recycled very significantly... Recycling is good for the environment so I guess it applies to this also?
Actually the more I see these HFT 'play' the more I am starting to like them. In the past I haven't ever been able to profit from them and been burnt more then once by them but I think I am starting to see a glaring weakness in this new trading order: deep understanding of companies is certainly not what they are about. Basically they are dump. We should be able to profit from this. They have so far been my best friend with Mannkind. I hope this continues!
JPG
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Post by mdcenter61 on Apr 3, 2014 12:42:30 GMT -5
Remember that Deerfield may have converted 12M shares ($60M @ min $5/share) and sold those shares throughout the day. Another 7M shares may have been added pursuant to the $50M ATM. I think this (19M new shares) explains the apparent cap or dampening of the share price. Also, the share volume does not indicate what percentage of the float changed hands, according to my understanding. A relatively small number of shares can be traded back and forth, making it appear that half or more of the float was traded when in fact a quarter or less of the float actually traded. Corrections welcomed.
Anybody have an idea of when the March 31 short positions will be published? Really curious to see how much covering happened last week and Monday.
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Volume
Apr 3, 2014 12:53:09 GMT -5
Post by liane on Apr 3, 2014 12:53:09 GMT -5
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