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Post by peppy on Apr 28, 2017 7:34:27 GMT -5
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Post by boca1girl on Apr 28, 2017 7:37:23 GMT -5
It would be nice to see two positive closes in a row. But pre-market gains are no guarantee as we have seen so many times before. Fingers crossed.
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Post by peppy on May 2, 2017 9:21:07 GMT -5
yesterday, no volume in the first hour. today, in 50 mins, 194,000 shares. I wish it was up volume.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on May 2, 2017 15:00:34 GMT -5
I think its safe to say the price will go down until a rabbit is pulled out of a hat.
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Post by peppy on May 3, 2017 9:51:44 GMT -5
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Post by peppy on May 3, 2017 10:08:45 GMT -5
ok, holy chit, 430,000 shares, 68 cents. www.nasdaq.com/symbol/mnkd/real-time 1 hour 38 mins
added: 509,466 shares in an hour and 45 mins. in the old days multiply by 5. 650,969 shares in 1 hr 54 mins 776,406 shares traded at 2 1/2 hour. 72. 808,161 shares four mins later. .73
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Post by alethea on May 3, 2017 10:13:01 GMT -5
13 cents per share. Now the price is below Goldman's prediction. Big surprise.
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Post by dreamboatcruise on May 3, 2017 10:17:58 GMT -5
It's really quite understandable. Right now it is gambling on the unknown to assume this doesn't go to $0. I threw some pocket change at some 2019 calls this past week, but in general no one sees reason to buy shares at any price. Even if Afrezza is great as most of us believe, buying more shares ahead of a bankruptcy doesn't make sense.
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Post by sportsrancho on May 3, 2017 10:22:29 GMT -5
I bought 50 2019 one dollars calls. I think this is a bear raid before news.
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Post by dreamboatcruise on May 3, 2017 10:54:24 GMT -5
I bought 50 2019 one dollars calls. I think this is a bear raid before news. I'm considering buying $1 2019 calls (current price $0.27) and $0.5 Nov 2018 puts (current price $0.19). If we go to $0, I make $4 per contract and my breakeven on the upside is merely $1.46... which if we avoid bankruptcy would seem a no brainer for huge upside. Of course if Jan 2019 roles around and we are somewhere between $0.04 and $1.46, I'll have lost money. Edit: I just pulled the trigger on 50 of each. Though I went with 2019 puts as well. Logic tells me if we're going bankrupt it would be before Nov... but MNKD never ceases to do things that wouldn't seem logical, so I decided to take that time factor risk out of the equation. Now my break even on the trade $1.49. So only losing scenario is if we avoid bankruptcy but suffer so much dilution (and likely further reverse splits) that the price in 2019 is below $1.49. Seems an almost implausible case. Overall my cost basis just dropped from approx $20 to $12.
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Post by matt on May 3, 2017 11:10:40 GMT -5
With the volume lower than previous levels, you can't blame the market makers for reducing the guaranteed size of the trade blocks to 100 shares or so. That makes it easy for a big holder (or a big shorter) to repetitively hit the bid with 100 share "at the market" offers and crash the price. The price dump looked to be somebody selling about 250-300 thousand shares in a short period, and in dollar terms that is only about $200K; not a very big trade. As long as the shorts can borrow shares, they can knock the price down 7-10% losses almost at will, and if the Mann Group or Deerfield get into the game they can do the same. Short of very material news, there is no antidote for this disease.
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Post by sportsrancho on May 3, 2017 11:32:24 GMT -5
I bought 50 2019 one dollars calls. I think this is a bear raid before news. I'm considering buying $1 2019 calls (current price $0.27) and $0.5 Nov 2018 puts (current price $0.19). If we go to $0, I make $4 per contract and my breakeven on the upside is merely $1.46... which if we avoid bankruptcy would seem a no brainer for huge upside. Of course if Jan 2019 roles around and we are somewhere between $0.04 and $1.46, I'll have lost money. Edit: I just pulled the trigger on 50 of each. Though I went with 2019 puts as well. Logic tells me if we're going bankrupt it would be before Nov... but MNKD never ceases to do things that wouldn't seem logical, so I decided to take that time factor risk out of the equation. Now my break even on the trade $1.49. So only losing scenario is if we avoid bankruptcy but suffer so much dilution (and likely further reverse splits) that the price in 2019 is below $1.49. Seems an almost implausible case. Overall my cost basis just dropped from approx $20 to $12. That's just how I see it. Good trade. Hoping for the HUGE upside!
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Post by dreamboatcruise on May 3, 2017 12:32:19 GMT -5
I'm considering buying $1 2019 calls (current price $0.27) and $0.5 Nov 2018 puts (current price $0.19). If we go to $0, I make $4 per contract and my breakeven on the upside is merely $1.46... which if we avoid bankruptcy would seem a no brainer for huge upside. Of course if Jan 2019 roles around and we are somewhere between $0.04 and $1.46, I'll have lost money. Edit: I just pulled the trigger on 50 of each. Though I went with 2019 puts as well. Logic tells me if we're going bankrupt it would be before Nov... but MNKD never ceases to do things that wouldn't seem logical, so I decided to take that time factor risk out of the equation. Now my break even on the trade $1.49. So only losing scenario is if we avoid bankruptcy but suffer so much dilution (and likely further reverse splits) that the price in 2019 is below $1.49. Seems an almost implausible case. Overall my cost basis just dropped from approx $20 to $12. That's just how I see it. Good trade. Hoping for the HUGE upside! The actual losing scenario that I should worry about would be a low ball acquisition now or having management orchestrate taking it private now (been burned by that twice in my investing career). If not for that, I probably would have been willing to risk even more.
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Post by kbrion77 on May 3, 2017 12:55:58 GMT -5
.14 pre-split is pretty sickening. $62MM market cap time for a take out.
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Post by dreamboatcruise on May 3, 2017 13:05:00 GMT -5
.14 pre-split is pretty sickening. $62MM market cap time for a take out. Right now I'd be willing to participate in a rights offering at current price or even $1/sh. That could raise enough to save the company. Would require participation by the Mann affiliates though. Sure hope it's not "take out" at this market cap. Then even my option trade today will look foolish.
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