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Post by thekid2499 on Mar 3, 2017 13:41:30 GMT -5
The downward pressure unfortunately will continue. The only thing that will change that at this point is rising scripts. And a change in the scripts tide can only take place next Friday at the earliest. Until then, the beat down will likely continue over the course of at least the next week. With scripts where they are right now, there is absolutely nothing out there to attract new buyers to the stock. I have been buying on the way down, but I'm even at the point where I see zero reason to buy.
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Post by uvula on Mar 3, 2017 13:49:25 GMT -5
Scripts aren't the only thing that can help the share price. We could get positive news of royalties or milestone payments for something going on behind the scenes. Given mnkd's track record it is unlikely but is possible. This is the only reason I can think of for a 5:1 split instead of a 10:1 split. I still have some small hope that management is not incompetent.
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Post by Deleted on Mar 3, 2017 13:56:05 GMT -5
Nate continuing to go to more and more silly arguments ..... His credibility is taking a beating. It really bothers me that a lot of people buy into his hype cause a lot of them are seniors and they blindly trust him and the ratings agency the rates him. They forfeit over their monthly fee thinking they are getting sound investing advice. The answers are right out there on social media for your to read. Yes, I know he had some great trades decades ago but you are only as good as your last trade/investment. You can't live off that lottery ticket forever. If you understood the rules you knew a 180 day extension was not possible and RS was a must. You knew the company is going to need to dilute. You knew some share holders were going to hold on through the RS to see if some sort of squeeze would occur and there would be a sell off as well as shorting the stock. Nate openly admitted to adding to both his positions by I think 20-25%. Why in gods name would you just throw money away when you could have bought at a discount today or tomorrow or when they dilute? Those positions are at about a 40% loss between when he bought and today. He is down 40% of 20% of his portfolio. Either way you slice it, it was a poor financial move. |
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Post by Deleted on Mar 3, 2017 13:59:10 GMT -5
Scripts aren't the only thing that can help the share price. We could get positive news of royalties or milestone payments for something going on behind the scenes. Given mnkd's track record it is unlikely but is possible. This is the only reason I can think of for a 5:1 split instead of a 10:1 split. I still have some small hope that management is not incompetent. news of royalties or milestone payments for something going on behind the scenes? Did you spot management pole dancing and earning $ in a club by your town or what to get royalties and milestone payments. All they have is RLS and Matt had to squeeze them for a cool Million $ to save his words in the last minute. |
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Post by mnkdfann on Mar 3, 2017 14:02:48 GMT -5
Nate continuing to go to more and more silly arguments ..... His credibility is taking a beating. It really bothers me that a lot of people buy into his hype cause a lot of them are seniors and they blindly trust him and the ratings agency the rates him. They forfeit over their monthly fee thinking they are getting sound investing advice. The answers are right out there on social media for your to read. Yes, I know he had some great trades decades ago but you are only as good as your last trade/investment. You can't live off that lottery ticket forever. If you understood the rules you knew a 180 day extension was not possible and RS was a must. You knew the company is going to need to dilute. You knew some share holders were going to hold on through the RS to see if some sort of squeeze would occur and there would be a sell off as well as shorting the stock. Nate openly admitted to adding to both his positions by I think 20-25%. Why in gods name would you just throw money away when you could have bought at a discount today or tomorrow or when they dilute? Those positions are at about a 40% loss between when he bought and today. He is down 40% of 20% of his portfolio. Either way you slice it, it was a poor financial move. His newsletter portfolios are only on paper, are they not? I think that makes a big difference. I wonder how many shares Nate holds in real life. |
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Post by mango on Mar 3, 2017 14:05:22 GMT -5
Possible Catalysts:
1) TechnoVax
2) AlleCures
3) CancerVacs
4) Colby
5) Tolero
6) Inhaled Epinephrine
7) Afrezza Pediatric Trial
8) Reality TV Show
9) Damon Dash
10) Receptor Life Sciences
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Post by uvula on Mar 3, 2017 14:05:42 GMT -5
I don't think good news is likely. I just haven't given up all hope. We don't know everything that is going on behind the scenes.
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Post by compound26 on Mar 3, 2017 14:13:08 GMT -5
Scripts aren't the only thing that can help the share price. We could get positive news of royalties or milestone payments for something going on behind the scenes. Given mnkd's track record it is unlikely but is possible. This is the only reason I can think of for a 5:1 split instead of a 10:1 split. I still have some small hope that management is not incompetent. Per Matt's recent presentations, there are many things that Mannkind is working on. A pediatric trial is expected to start right now. Two additional trials (dosage and titration and time in range) for both type one and type two should start sometime later this year. Progress in international filing, discussions with FDA on label improvement (if any, after they filed their application), EpiPen development, discussion with FDA on direct to consumer advertising, etc. |
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Post by silentknight on Mar 3, 2017 14:15:25 GMT -5
Against my better judgment, I actually tried to buy more today to lower my cost basis, but when I used the symbol MNKD, it told me that symbol wasn't recognized.
I'll try again on Monday. The stock is probably headed lower anyway.
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Post by uvula on Mar 3, 2017 14:19:54 GMT -5
If you are buying stock just to lower your cost basis that is a horrible reason to buy. Trust your better judgement.
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Post by silentknight on Mar 3, 2017 14:24:47 GMT -5
Honestly, I think every reason to buy MNKD stock right now is horrible so I guess mine is as good as any.
My strategy is this: silently accumulate a few thousand shares at a time until eventually I can claim significant ownership and start a proxy war to unseat the BoD and remove Matt as CEO, a la Carl Ichan. That's sarcasm for those who were wondering.
My broker probably did me a favor by not letting me buy. I'm going to call and thank them for protecting me from myself....
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Post by Deleted on Mar 3, 2017 14:33:26 GMT -5
Honestly, I think every reason to buy MNKD stock right now is horrible so I guess mine is as good as any. My strategy is this: silently accumulate a few thousand shares at a time until eventually I can claim significant ownership and start a proxy war to unseat the BoD and remove Matt as CEO, a la Carl Ichan. That's sarcasm for those who were wondering. My broker probably did me a favor by not letting me buy. I'm going to call and thank them for protecting me from myself.... I dont understand why you would buy. You have a pretty good handle on the reality of the situation. |
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Post by cedafuntennis on Mar 3, 2017 14:33:41 GMT -5
Totally doubt anything in that form is coming. The large milestone payment due last year that they have been touting for a year came in on the very last day of the year and it was a measly $1 mil (for MNKD measly). Symbolic. Nothing else out there and MNKD was unable to deliver on ANYTHING so far. I am locked in as it makes no sense to sell and pay commissions at these levels, but I foresee it going back to under $1 very shortly. That is equivalent to $0.20 in pre split numbers. So the $0.15 target some analysts have on it is actually not so insane as it sounded at that time. Only scripts can save the company here (or an outright sell to someone who can get some results) and at this rate, I am not holding my breath. I feel more embarrassed than anything else from touting this company to so many of my family and friends over the years and they are not letting me forget that every time we meet.
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Post by sportsrancho on Mar 3, 2017 14:36:22 GMT -5
Possible Catalysts: 1) TechnoVax 2) AlleCures 3) CancerVacs 4) Colby 5) Tolero 6) Inhaled Epinephrine 7) Afrezza Pediatric Trial 8) Reality TV Show 9) Damon Dash 10) Receptor Life Sciences 11-TV commercial |
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Post by silentknight on Mar 3, 2017 14:39:57 GMT -5
Honestly, I think every reason to buy MNKD stock right now is horrible so I guess mine is as good as any. My strategy is this: silently accumulate a few thousand shares at a time until eventually I can claim significant ownership and start a proxy war to unseat the BoD and remove Matt as CEO, a la Carl Ichan. That's sarcasm for those who were wondering. My broker probably did me a favor by not letting me buy. I'm going to call and thank them for protecting me from myself.... I dont understand why you would buy. You have a pretty good handle on the reality of the situation. Momentary lapse in judgment? Temporary insanity? Mad Cow Disease? I honestly can't explain it either. Thankfully, it has passed and I still have my money. |
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