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Post by sportsrancho on Apr 10, 2017 5:26:07 GMT -5
If MNKD doesn't post the numbers there is no way to verify them.. It happeneds to fast. You get in or you don't. If you except scripts to jump it's hard to get your head around.. it's like wait ..what? When they really do jump we might not believe it! :-)))
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Post by peppy on Apr 10, 2017 6:26:21 GMT -5
Personally, I think we can put to rest the mistake of script numbers. It appears to be an accident. The volume continued much higher even after the correction at 10:00 EST. there was still 5 hours left of trading and volume continued to increase over the average volume per day.. GL Fine. I do thank those that responded. I also think that it is possible that the numbers were originally inputted incorrectly and then adjusted as some suspect. My point is that this type of thing can cause people to lose some serious money. Many years ago my brother was holding puts in American Airlines (not 100% sure if this was the one.) I think the stock had been trading around $7. Suddenly, there was some kind of info that hit the wires that they were filing BK (or thinking about it) and the stock suddenly dropped below $2. My brother quickly tried to sell his puts for what would have been ridiculous short-term gains. It may have been something like $50-100k profit on a $2-3k investment in a matter of a few days holding the puts if he could have sold. Before he could find a buyer, the stock was halted. During the halt, the information was proven false and the stock reopened close to its prior share price before the dramatic plunge. Not sure if they backed out all of the trades that occurred during the drop, but this is an example of what can happen when bad information gets out there. If my brother did get to sell and the trade was not reversed, that buyer stood to lose significantly when the stock recovered. Luckily, in the case Friday, the shares did not trade much higher than they did. Let me guess, 2009? All the banks were broke. American airlines /Airlines have a lot of debt.
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