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Volume too
May 31, 2017 16:24:14 GMT -5
via mobile
Post by sportsrancho on May 31, 2017 16:24:14 GMT -5
Ok so now the shorts are hedged with calls. Why would they cover their short before the runway is extended and bankruptcy is off the table? I don't think they will but that could be any day now. |
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Post by harryx1 on May 31, 2017 17:14:29 GMT -5
Crazy option action once again...  and this at the end of the day...  Someone knew that news was coming ^^^^^^^^^^^^^^^^ |
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Post by peppy on May 31, 2017 17:18:48 GMT -5
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Post by centralcoastinvestor on May 31, 2017 17:20:39 GMT -5
Crazy option action once again... and this at the end of the day... Someone knew that news was coming ^^^^^^^^^^^^^^^^ Yep. As always, long term shareholders last to know. This time for a positive annoncement. Nice change. |
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Post by porkini on May 31, 2017 17:21:34 GMT -5
LOL!  |
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Post by sportsrancho on May 31, 2017 17:51:45 GMT -5
Ok so now the shorts are hedged with calls. Why would they cover their short before the runway is extended and bankruptcy is off the table? I don't think they will but that could be any day now. More coming:-) |
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Post by therealisaching on May 31, 2017 17:56:58 GMT -5
What's that smell? Shorts frying
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Post by peppy on May 31, 2017 18:02:57 GMT -5
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Post by peppy on May 31, 2017 18:58:34 GMT -5
Yes, I know you are reporting correctly, I also check Nasdaq, it just seems almost misleading for one to be off by over 2 million shares. I've tried to figure this out, but no luck. Thanks Peppy rock, the difference between real time and summary? look at Harry's post, 5 posts up. Options. seeker used to argue with me. He saw it as nasdaq real time plus the other markets MNKD trades in as well. Israel and Germany. It's options.
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Post by peppy on Jun 1, 2017 6:56:33 GMT -5
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Post by kbrion77 on Jun 1, 2017 7:16:20 GMT -5
Share price will spike at initial opening but you will still see profit taking throughout the day and I'm calling up 5-8% by EOD. These are good press releases but need sales and cash. |
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Post by peppy on Jun 1, 2017 8:35:20 GMT -5
1 million shares traded in 4 mins.
$1.69
www.nasdaq.com/symbol/mnkd/real-time
1,499,084 shares in 9 mins.
1,910,806 in 15 minutes. $1.67
2,061,475 in 23 mins.
2,193,796 in 30 mins. $1.66
2,487,150 in 1 hour. $1.66
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Deleted
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Post by Deleted on Jun 1, 2017 9:25:28 GMT -5
If you are short and you know the company needs money I would think the strategy is to close out your position when dilution occurs. They would get to walk away from MNKD while keeping a lot of their gains and watch from afar for a bit. If MNKD does not capitalize on anything then expect shorts to come back to the trade.
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Post by oldfishtowner on Jun 1, 2017 10:57:48 GMT -5
If you are short and you know the company needs money I would think the strategy is to close out your position when dilution occurs. They would get to walk away from MNKD while keeping a lot of their gains and watch from afar for a bit. If MNKD does not capitalize on anything then expect shorts to come back to the trade. Why hold until dilution occurs? Are you expecting MNKD to ask stockholders to vote on massively increasing the number of authorized shares and create the possibility of 50% or more dilution? According to the 1Q17 10-Q there were 140 million shares authorized and 95,776,297 issued as of March 31, 2017. Considering the 5 million plus shares issued to Deerfield the following month and shares reserved for incentive plans, there are about 35 million shares available for any equity based financing. With about 101 million shares already issued these additional 35 million shares would represent only about 25% dilution. In the last several weeks the stock price has more than doubled from the early May low. So it doesn't appear to be a wise strategy to wait for a 25% return from dilution when shorts may be facing the possibility of another doubling of the stock price with more good news. And the possibility of cash payments to MNKD resulting from any expected near-term deals that would obviate the need for equity based financing altogether, should serve as a further deterrent to a short strategy of waiting for dilution. The only way this strategy would work is for shorts to go all out and put a lid on the PPS every time a piece of good news appears. To me this is a strategy for suicide not making money. |
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Deleted
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Post by Deleted on Jun 1, 2017 11:30:46 GMT -5
If you are short and you know the company needs money I would think the strategy is to close out your position when dilution occurs. They would get to walk away from MNKD while keeping a lot of their gains and watch from afar for a bit. If MNKD does not capitalize on anything then expect shorts to come back to the trade. Why hold until dilution occurs? Are you expecting MNKD to ask stockholders to vote on massively increasing the number of authorized shares and create the possibility of 50% or more dilution? According to the 1Q17 10-Q there were 140 million shares authorized and 95,776,297 issued as of March 31, 2017. Considering the 5 million plus shares issued to Deerfield the following month and shares reserved for incentive plans, there are about 35 million shares available for any equity based financing. With about 101 million shares already issued these additional 35 million shares would represent only about 25% dilution. In the last several weeks the stock price has more than doubled from the early May low. So it doesn't appear to be a wise strategy to wait for a 25% return from dilution when shorts may be facing the possibility of another doubling of the stock price with more good news. And the possibility of cash payments to MNKD resulting from any expected near-term deals that would obviate the need for equity based financing altogether, should serve as a further deterrent to a short strategy of waiting for dilution. The only way this strategy would work is for shorts to go all out and put a lid on the PPS every time a piece of good news appears. To me this is a strategy for suicide not making money. Yes, I do and I expect shareholders would especially with the sentiment change. What have shorts done today to the share price? How many times must you touch fire in order to learn you get burned and the long side has no control over this investment. |
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