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Post by kbrion77 on Aug 31, 2017 13:50:23 GMT -5
It is starting to seem like it was short covering that maybe got a little chaotic the last 2 days and not as orderly. It is probably positions that might have wanted to close prior to September with the investor updates happening this month.
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Post by centralcoastinvestor on Aug 31, 2017 14:31:26 GMT -5
Big effort now by shorts to bring price back under 2 for the day. That would be quite the accomplishment considering the upward momentum earlier in the day. Shorts are not done yet. I wish they would go away.
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Post by slugworth008 on Aug 31, 2017 14:35:38 GMT -5
Big effort now by shorts to bring price back under 2 for the day. That would be quite the accomplishment considering the upward momentum earlier in the day. Shorts are not done yet. I wish they would go away. They are going to be forced away if scripts keep rising - IMO |
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Post by nylefty on Aug 31, 2017 15:05:02 GMT -5
Big effort now by shorts to bring price back under 2 for the day. That would be quite the accomplishment considering the upward momentum earlier in the day. Shorts are not done yet. I wish they would go away. Glad to see that "big effort" failed spectacularly. Onward! |
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Post by kite on Aug 31, 2017 15:07:16 GMT -5
Today was an amazing day but can't be too greedy  The only way is UP! |
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Post by peppy on Aug 31, 2017 15:16:21 GMT -5
mnkd real time volume today; 9,884,311 shares. $2.10. plus .21 plus 11.1%. www.nasdaq.com/symbol/mnkd/real-time
MNKD nasdaq summation volume today, 14,567,808 www.nasdaq.com/symbol/mnkd
I am getting different end of day prices depending on what I look at. The $2.05 held.
The daily shows a change of trend. A higher high. It also explains the sell off. people protecting any gains at the target and the 200 day.
the weekly chart.
our monthly reversal pattern. Price needs to take out the high of last month, $2.23.
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Post by traderdennis on Aug 31, 2017 16:17:46 GMT -5
Big effort now by shorts to bring price back under 2 for the day. That would be quite the accomplishment considering the upward momentum earlier in the day. Shorts are not done yet. I wish they would go away. They are going to be forced away if scripts keep rising - IMO Based solely on script, Not until scripts are in the 4 digits, more likely above 2500 per week before shorts will be forced to cover. |
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Post by celo on Aug 31, 2017 17:26:46 GMT -5
They are going to be forced away if scripts keep rising - IMO Based solely on script, Not until scripts are in the 4 digits, more likely above 2500 per week before shorts will be forced to cover. I beg to differ. The share price would be way out in front of upward momentum of script levels. Any script level that shows signs of momentum towards 2500 would cause a major move in the share price and short sellers would be clamoring to cover. We are currently at 40 cent pre split level. 2500 script level would be at least a 10 to 20 dollar pre split level if not higher. The drug would be considered a success at that point. Sale of the company would easily be in the 5 to 10 billion level. |
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Post by traderdennis on Aug 31, 2017 18:04:35 GMT -5
Based solely on script, Not until scripts are in the 4 digits, more likely above 2500 per week before shorts will be forced to cover. I beg to differ. The share price would be way out in front of upward momentum of script levels. Any script level that shows signs of momentum towards 2500 would cause a major move in the share price and short sellers would be clamoring to cover. We are currently at 40 cent pre split level. 2500 script level would be at least a 10 to 20 dollar pre split level if not higher. The drug would be considered a success at that point. Sale of the company would easily be in the 5 to 10 billion level. 2500 scripts would not be near EBITA positive or about 1/2 of what is needed for cash flow breakeven. If you can't turn a profit, then the drug can not be a success. With a continued need for cash, cash projected to run below Deerfield minimums in November and over 160 Million in debt, the company has to do better than this level. |
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Post by Omega on Aug 31, 2017 18:09:27 GMT -5
I beg to differ. The share price would be way out in front of upward momentum of script levels. Any script level that shows signs of momentum towards 2500 would cause a major move in the share price and short sellers would be clamoring to cover. We are currently at 40 cent pre split level. 2500 script level would be at least a 10 to 20 dollar pre split level if not higher. The drug would be considered a success at that point. Sale of the company would easily be in the 5 to 10 billion level. 2500 scripts would not be near EBITA positive or about 1/2 of what is needed for cash flow breakeven. If you can't turn a profit, then the drug can not be a success. With a continued need for cash, cash projected to run below Deerfield minimums in November and over 160 Million in debt, the company has to do better than this level. So you believe the break even Weekly Script count is 5k?? And that most shorts wont exit till then? |
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Post by peppy on Sept 1, 2017 8:22:39 GMT -5
we are going to fly like an eagle today.
$2.23 takes out yesterdays and last months high.
108,697 shares traded $2.20. www.nasdaq.com/symbol/mnkd/premarket
resistance, $2.35, $2.40.
Added: When I said fly, I didn't think it was fly down. 1,195,076 shares traded in 10 mins of trade. $1.97 down 10 cents, down 4.8%
as long as the $2.05 holds, buyers take price up.
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Post by centralcoastinvestor on Sept 1, 2017 8:45:48 GMT -5
I was hoping we would take off today too. However, with the drop late in the day yesterday, I am not surprised or discouraged at the small drop today. With such a rapid rise, there is bound to be some consolidation of price which is healthy to set a new base. Also, the shorts are not going to just roll over and die (although I wish they would). It would be great if we ended positive today but we will see. We have had a great week and I'm very appreciative for that.
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Post by boytroy88 on Sept 1, 2017 9:18:28 GMT -5
I was hoping we would take off today too. However, with the drop late in the day yesterday, I am not surprised or discouraged at the small drop today. With such a rapid rise, there is bound to be some consolidation of price which is healthy to set a new base. Also, the shorts are not going to just roll over and die (although I wish they would). It would be great if we ended positive today but we will see. We have had a great week and I'm very appreciative for that. Yep. I think if the refill scripts would have held last week's numbers we would be in the green side for sure. To bad, would've been nice to see total scripts break 400...we're getting close...let's see what next week brings. |
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Post by peppy on Sept 1, 2017 9:38:30 GMT -5
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Post by traderdennis on Sept 1, 2017 9:50:29 GMT -5
2500 scripts would not be near EBITA positive or about 1/2 of what is needed for cash flow breakeven. If you can't turn a profit, then the drug can not be a success. With a continued need for cash, cash projected to run below Deerfield minimums in November and over 160 Million in debt, the company has to do better than this level. So you believe the break even Weekly Script count is 5k?? And that most shorts wont exit till then? I believe the shorts may exit for a while if the cash runway is extended substantially and scripts are rising and Mike hits the revenue target. I think 1500 to 2500 would accomplish all three and put us on the path of ebida profitability |
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The only way is UP!
