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Post by peppy on Jan 23, 2017 13:27:37 GMT -5
Any news on this little pop? All pops welcome. MNKD shares hold .64 support. 2,112,458 real time shares in just under 4 hours. 2 million shares could be traded in the first 5 mins with demand. www.nasdaq.com/symbol/mnkd/real-time
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Post by BlueCat on Jan 23, 2017 13:36:00 GMT -5
Dunno. Seems like we've been to this party over and over again in past few months. Dynamic small pops and drops through single day sessions.
What'll catch my interest is when we see the gains over consecutive days and break finally back into the .80s. Even then, til we break $1, I'll still suspect its the usual game of letting it drift up so they can scalp some short-term shorts and milk it.
I'm now of the mind that we won't see any sustained gain til the script numbers double at least. Regardless of creative financing, taking delist off the table, etc etc. Those activities will only see temporary improvements.
Seems to hinge on this conversion to FTE sales team. And then it'll still be a fight I bet.
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Post by madog365 on Jan 23, 2017 14:24:39 GMT -5
Just my opinion that this is related to the options expiration last Friday. Some call options that were used to hedge large short positions expired worthless. It's quite risky to continue to short down here so many are using this opportunity to cover their positions and take profits. I wrote about this last week.
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Post by peppy on Jan 23, 2017 14:29:08 GMT -5
agreed madog.
as long as price has popped this little tiny wedge, .72 targets.
<--- still waiting to see if MNKD share price can hit an up target.
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Post by patten1962 on Jan 23, 2017 14:48:15 GMT -5
Just my opinion that this is related to the options expiration last Friday. Some call options that were used to hedge large short positions expired worthless. It's quite risky to continue to short down here so many are using this opportunity to cover their positions and take profits. I wrote about this last week. I alluded to this last week and got shot down. I agree with you. I got to figure out a better way of asking questions on this board. |
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Post by mnkdfann on Jan 23, 2017 14:54:17 GMT -5
They can always write new call option contracts to hedge their short. In case any one cares, over 5000 January 2019 0.50 call options have traded today.
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Post by Deleted on Jan 23, 2017 15:12:02 GMT -5
They can always write new contracts. In case any one cares, over 5000 January 2019 0.50 call options have traded today.  i see volume of 20? we must be in different planets |
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Post by mnkdfann on Jan 23, 2017 15:13:23 GMT -5
They can always write new contracts. In case any one cares, over 5000 January 2019 0.50 call options have traded today. i see volume of 20? we must be in different planets I said 2019 options. I suspect you were looking at 2017. |
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Post by Deleted on Jan 23, 2017 15:17:40 GMT -5
i see volume of 20? we must be in different planets I said 2019 options. I suspect you were looking at 2017. yep i am speaking of 2019 too from ameritrade real time jan 2019 - .50 strike volume : 20 jan 2019 - 1.00 strike volume : 151 jan 2019 - 1.50 strike volume : 10 yahoo is reporting different.. finance.yahoo.com/quote/MNKD/options?p=MNKD&date=1547769600yahoo volume could be from last friday..and would be updated to 20 in few minutes I guess |
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Post by mnkdfann on Jan 23, 2017 15:22:45 GMT -5
Iam2, looks like you are correct insomuch as my broker also reports a lower volume.
My bad for reporting yahoo's 'fake news' lol.
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Post by alethea on Jan 23, 2017 16:04:35 GMT -5
Just my opinion that this is related to the options expiration last Friday. Some call options that were used to hedge large short positions expired worthless. It's quite risky to continue to short down here so many are using this opportunity to cover their positions and take profits. I wrote about this last week. Completely agree. I posted last week that I hoped that Friday's expiration of a huge number of options would make life more difficult for those shorting and manipulating MNKD's stock price. Friday's expired Calls represented 32 million shares. Now there are no appreciable calls whatsoever until Jan, 2018. I fervently hope and pray it is now far, far more difficult to hold MNKD's stock price at an artificially low level. Doing so has crippled MNKD's ability to raise more money thru equity financing. We will soon see if anything changes. Buy shares. Don't buy options. If you must buy calls, get the longest termed ones available which currently are the Jan, 2019 I believe. |
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Post by peppy on Jan 23, 2017 16:07:07 GMT -5
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Post by sportsrancho on Jan 23, 2017 16:20:05 GMT -5
Just my opinion that this is related to the options expiration last Friday. Some call options that were used to hedge large short positions expired worthless. It's quite risky to continue to short down here so many are using this opportunity to cover their positions and take profits. I wrote about this last week. I alluded to this last week and got shot down. I agree with you. I got to figure out a better way of asking questions on this board. Just block the people that shoot you down. People that shoot others down are a waste of everyone's time! |
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Post by madog365 on Jan 23, 2017 16:24:38 GMT -5
Just my opinion that this is related to the options expiration last Friday. Some call options that were used to hedge large short positions expired worthless. It's quite risky to continue to short down here so many are using this opportunity to cover their positions and take profits. I wrote about this last week. Completely agree. I posted last week that I hoped that Friday's expiration of a huge number of options would make life more difficult for those shorting and manipulating MNKD's stock price. Friday's expired Calls represented 32 million shares. Now there are no appreciable calls whatsoever until Jan, 2018. I fervently hope and pray it is now far, far more difficult to hold MNKD's stock price at an artificially low level. Doing so has crippled MNKD's ability to raise more money thru equity financing. We will soon see if anything changes. Buy shares. Don't buy options. If you must buy calls, get the longest termed ones available which currently are the Jan, 2019 I believe. Yes, exactly. Watch call volume closely, shorts will not hold large profitable positions without hedging, it's too dangerous here to be left naked. if call volume is low , my bet is they will be unwinding positions over a longer period of time (they won't squeeze themselves). We could see some continued pps rises. Of course it would be nice to get some news which could speed this up considerably. |
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Post by od on Jan 23, 2017 18:03:11 GMT -5
Just my opinion that this is related to the options expiration last Friday. Some call options that were used to hedge large short positions expired worthless. It's quite risky to continue to short down here so many are using this opportunity to cover their positions and take profits. I wrote about this last week. I alluded to this last week and got shot down. I agree with you. I got to figure out a better way of asking questions on this board. Respectfully, patten, if you are referring to the "jan 2017 option expiration" thread, I just reread the postings and do not believe you were 'shot down'. You have participated here for some time and know the difference between a confrontation and an edgy comment. |
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i see volume of 20? we must be in different planets
