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Post by bospenc on Dec 19, 2016 16:36:09 GMT -5
Can anyone explain the pop? I can't find any news or upgrades. Thanks in advance!
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Post by peppy on Dec 19, 2016 16:51:46 GMT -5
something about, all MNKD shares that had to be traded out of an index had to be covered if it was shorted.
expiry was last Thursday.
Volume usually goes up during expiry.
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Post by peppy on Dec 19, 2016 17:56:47 GMT -5
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Post by gamblerjag on Dec 19, 2016 18:49:21 GMT -5
hey PeppyI don't think that article was the reason it was a pretty vague generic article for 16 million shares and 30% gain good luck |
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Post by MnkdWASmyRtrmntPlan on Dec 19, 2016 20:01:48 GMT -5
The big question is, what happens to the SP tomorrow?
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Post by saxcmann on Dec 19, 2016 20:05:53 GMT -5
The big question is, what happens to the SP tomorrow? It goes up more. We get close to $1. 😊 |
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Post by Deleted on Dec 19, 2016 20:10:13 GMT -5
Ok so if this was related to the rebalance-Someone help me understand. The notion we are thinking is The shares that were sold off due to MNKD being dropped were also being bought by those shorting it? However it ended up being a 30% increase.
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Post by madog365 on Dec 19, 2016 20:43:23 GMT -5
Ok so if this was related to the rebalance-Someone help me understand. The notion we are thinking is The shares that were sold off due to MNKD being dropped were also being bought by those shorting it? However it ended up being a 30% increase. This was discussed in a few threads i believe. With the rebalance, the shares that were being lent out to those shorting had to be returned to the funds to sell back into the market. In order to do that, the short positions had to be covered. Without real news this rise could be temporary, i'm afraid. Now would be a good time to release some positive news from mannkind as that could exponentially amplify this rise and cause a panic on the short side. |
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Post by kbrion77 on Dec 19, 2016 20:49:00 GMT -5
Ok so if this was related to the rebalance-Someone help me understand. The notion we are thinking is The shares that were sold off due to MNKD being dropped were also being bought by those shorting it? However it ended up being a 30% increase. This was discussed in a few threads i believe. With the rebalance, the shares that were being lent out to those shorting had to be returned to the funds to sell back into the market. In order to do that, the short positions had to be covered. Without real news this rise could be temporary, i'm afraid. Now would be a good time to release some positive news from mannkind as that could exponentially amplify this rise and cause a panic on the short side. Could be spot on with this. Will be interested to see premarket tomorrow. If we have another green dayy it would be a good idea to lock in some profits and wait for the rinse and repeat. |
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Post by neil36 on Dec 19, 2016 21:07:20 GMT -5
Pretty common to see a cheerleading article come out so those who have shares to unload have some strength to sell in to.
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Post by rockstarrick on Dec 19, 2016 21:17:57 GMT -5
All I can say is this,
If this pop was due to a short being covered, I can't wait to see the sp spike when the majority of the shorts run to cover,
If and when this happens, it will be a great day, judging by the last few trading days.
I can't wait !!
Good Luck to all
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Post by MnkdWASmyRtrmntPlan on Dec 19, 2016 21:46:26 GMT -5
It's good to see everyone so upbeat about tomorrow. Unfortunately, for once, I am feeling temporarily down about tomorrow. Since the SP shot up for nothing more than a gang of shorts that got squeezed, and the squeezing is now over, I think it has to come back down a little tomorrow. In fact, I think it will be back into the mid to low .60's - if not tomorrow, at least within a few days. And that's as low as it will ever be again ... ever. Don't get me wrong, I'm holding my shares for at least 10 years. But, I don't think the SP improvements will happen until mid to late January. And, the rocket fuel will start to be added as good news dribbles in throughout the rest of the first quarter, and continuing for the year ... and then for the next 10 or 20 years. And then we can all retire in style.  |
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Post by slugworth008 on Dec 19, 2016 21:49:20 GMT -5
This was discussed in a few threads i believe. With the rebalance, the shares that were being lent out to those shorting had to be returned to the funds to sell back into the market. In order to do that, the short positions had to be covered. Without real news this rise could be temporary, i'm afraid. Now would be a good time to release some positive news from mannkind as that could exponentially amplify this rise and cause a panic on the short side. Could be spot on with this. Will be interested to see premarket tomorrow. If we have another green dayy it would be a good idea to lock in some profits and wait for the rinse and repeat. You read my mind on that one - Trade around a core position. I've learned that the hard way with MNKD. |
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Post by mnkdfann on Dec 19, 2016 22:13:45 GMT -5
Ok so if this was related to the rebalance-Someone help me understand. The notion we are thinking is The shares that were sold off due to MNKD being dropped were also being bought by those shorting it? However it ended up being a 30% increase. This was discussed in a few threads i believe. With the rebalance, the shares that were being lent out to those shorting had to be returned to the funds to sell back into the market. In order to do that, the short positions had to be covered. I voiced support for this theory and I'll stick with it unless new information coming to light says this couldn't be. But perhaps the above is just a part of the story. We all know (if we can believe what was reported) that some funds had 10s of millions of shares of MNKD to sell. Fact is, today's share price increase in the big picture was peanuts. Twenty some million shares traded and up 0.17 in a day? Whoopee. In absolute dollar terms, this is not huge. Many stocks I watch do that or more regularly. Also ... 1. Is it possible that the funds were able to move the price up as they sold? Using some sort of legal means, of course? See here, for instance: www.thebalance.com/how-to-legally-manipulate-stock-prices-31408562. I'll guess that the funds do not sell all of the shares on the exchanges. They probably have people who can call rich investors, pension funds, etc., and talk about what potential this company MNKD has, that it might be a 10-bagger, and that the fund has some large blocks of MNKD shares available for a limited time only. A pension fund might be willing to invest a relatively small sum (for it) for a few million shares of a high risk / high reward stock. And maybe they are willing to pay a premium for the convenience of buying a big block of shares in a private transaction? In any case, my point here is that 10s of millions of shares might be sold this way and kept out of the hands of shorts who are trying to cover. This would create upward pressure. |
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Post by babaoriley on Dec 20, 2016 1:58:20 GMT -5
Ok so if this was related to the rebalance-Someone help me understand. The notion we are thinking is The shares that were sold off due to MNKD being dropped were also being bought by those shorting it? However it ended up being a 30% increase. This was discussed in a few threads i believe. With the rebalance, the shares that were being lent out to those shorting had to be returned to the funds to sell back into the market. In order to do that, the short positions had to be covered. Without real news this rise could be temporary, i'm afraid. Now would be a good time to release some positive news from mannkind as that could exponentially amplify this rise and cause a panic on the short side. Not saying you're not correct, Madog, but how do you explain the huge action in the options market today, specifically calls? |
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