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Post by babaoriley on Jun 5, 2014 9:18:52 GMT -5
The laws of physics are strong, most say absolute. We're seeing a display this morning.
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Post by rtccpa on Jun 5, 2014 9:23:57 GMT -5
I think the bear raid is finally here.
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Post by chmith27 on Jun 5, 2014 9:27:48 GMT -5
if 9.70 is all they can take it to then i have to believe that is a positive
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Post by mannmade on Jun 5, 2014 9:29:42 GMT -5
Anyone know how many shares they dumped on the market?
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Post by kc on Jun 5, 2014 10:13:46 GMT -5
Wasn't fast enough to take advantage at 9.70. Dammmmmmmmm
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Post by BD on Jun 5, 2014 10:26:50 GMT -5
that is incorrect. when you sign on for margin, that is part of the agreement that they have the right to lend your shares out. it does not matter if you are on margin or not. if you dont want your shares lended, it is only acievable with a cash account because you have no agreement to lend your shares. read your margin agreement guys My understanding (as represented to me by my TDA brokers) is that I have the right to demand that my shares not be loaned out, which I have done, and then they won't be loaned out. Of course, the time when I got this concession was several years ago, so I should probably check in with the current rep and make sure the guarantee is still in place. Also, as an "Apex" customer (the moral equivalent of a high-roller), they may have extended a courtesy to me that they don't offer to non-Apex customers... |
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Post by 4allthemarbles on Jun 5, 2014 11:28:24 GMT -5
I put a sale order on my shares @ $200.00. At that price there will be no borrowing for a week or two. Funny... |
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Post by biotec on Jun 5, 2014 16:32:33 GMT -5
that is incorrect. when you sign on for margin, that is part of the agreement that they have the right to lend your shares out. it does not matter if you are on margin or not. if you dont want your shares lended, it is only acievable with a cash account because you have no agreement to lend your shares. read your margin agreement guys My understanding (as represented to me by my TDA brokers) is that I have the right to demand that my shares not be loaned out, which I have done, and then they won't be loaned out. Of course, the time when I got this concession was several years ago, so I should probably check in with the current rep and make sure the guarantee is still in place. Also, as an "Apex" customer (the moral equivalent of a high-roller), they may have extended a courtesy to me that they don't offer to non-Apex customers... How to Qualify for Apex Average five or more trades per month in your TD Ameritrade account over a three-month period, or maintain a total account value of $100,000. BD, Im also a "APEX" costumer, Far from being a high roller! |
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Post by dreggy on Jun 7, 2014 11:31:20 GMT -5
that is incorrect. when you sign on for margin, that is part of the agreement that they have the right to lend your shares out. it does not matter if you are on margin or not. if you dont want your shares lended, it is only acievable with a cash account because you have no agreement to lend your shares. read your margin agreement guys My understanding (as represented to me by my TDA brokers) is that I have the right to demand that my shares not be loaned out, which I have done, and then they won't be loaned out. Of course, the time when I got this concession was several years ago, so I should probably check in with the current rep and make sure the guarantee is still in place. Also, as an "Apex" customer (the moral equivalent of a high-roller), they may have extended a courtesy to me that they don't offer to non-Apex customers... Grandpa told me: The way a broker uses margin shares doesn't focus on whether there is an outstanding order to sell shares. They are running daily matching systems to figure out how many net shares are available day by day and specifically to meet settlement times for DTC clearing. You could sell the stock and they might still use it for 2 days before your t+3 settle date arrives. As a prior poster has indicated you can move the shares to a cash account or if you have the ability (cash wise) you can remove your MNKD shares from margin by specifically requesting them to be cash only but the broker has to turn off an autojournaling code of some kind in an overnight batch process to keep those shares out of margin. Otherwise they will revert the next day back to margin and be available for brokers use. And by all means when discussing with your broker and they ask why you want to do this feel free to tell them why. They may push back because it's lost free income to them but the shares are your asset not theirs when fully paid for. (Grandpa is a retired broker from another board) |
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Post by Deleted on Jun 7, 2014 14:01:03 GMT -5
First off Hello Board. This is my first post here.
That insider sale 2 days ago destroyed me. I was doing great and every time it was rising, I was purchasing more shares assuming we would get to $12-$15. It rose to 11 and I purchased over 5000 shares and all I noticed was a decline below 10. I didn't know what to do and I panicked, and naturally took my huge loss and got out. What are your thoughts on the coming weeks ahead? Its trading right now at $10.30 and AH has come up only 2 cents on the share. Do we see it go back up? Are there any more planned insider sales that will take this down further? Do we expect more to take their losses and come out and drive the price down further? Any thoughts will be appreciated.
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Post by thekindaguyiyam on Jun 7, 2014 14:45:02 GMT -5
to new poster Mankind
DD will give you the confidence to know the difference between something real and a commodity. In that you are in and out quickly describes to me that you lack the fundamental knowledge about this company to sooth you through challenging times. I'm in it for the long term. In the short term there is and has been huge volatility and will likely continue until and past the FDA Approval. If you have confidence that something positive will happen for diabetics in the world and you think MNKD can provide an alternative to injections; then that would be the basis of why you invest. If you invest on the other hand to make 10% or whatever and the rest doesn't matter; I suggest you invest in typewriters. You got in at the top.
But, for most of us we see this as just the beginning. The management that sold share has NOTHING to do with FDA Approval. Reasons are provided by Shorts who want to satisfy other's rationalizations for price movement. Adam F. being a prime example of an excuse for that numbnut having anything to say that would influence anyone. There are these things called Bear Raids that utilize media as a smokescreen. The sale that you suggest as evidence as a cause for the price drop is subjectively your interpretation and not one that I share.
good luck to ya
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Post by jpg on Jun 7, 2014 20:39:13 GMT -5
First off Hello Board. This is my first post here. That insider sale 2 days ago destroyed me. I was doing great and every time it was rising, I was purchasing more shares assuming we would get to $12-$15. It rose to 11 and I purchased over 5000 shares and all I noticed was a decline below 10. I didn't know what to do and I panicked, and naturally took my huge loss and got out. What are your thoughts on the coming weeks ahead? Its trading right now at $10.30 and AH has come up only 2 cents on the share. Do we see it go back up? Are there any more planned insider sales that will take this down further? Do we expect more to take their losses and come out and drive the price down further? Any thoughts will be appreciated. The stock goes up almost parabolically and then goes down 5% and this is destroying you? For the little it is worth: I think you should simply invest in another asset class then biotechnology... JPG |
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Post by garrett on Jun 8, 2014 5:26:45 GMT -5
Mankind, it appears you fell victim to "Fear & Greed" investing. I agree with others, look for something with much less volatility.
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Post by Chris on Jun 8, 2014 6:49:11 GMT -5
First off Hello Board. This is my first post here. That insider sale 2 days ago destroyed me. I was doing great and every time it was rising, I was purchasing more shares assuming we would get to $12-$15. It rose to 11 and I purchased over 5000 shares and all I noticed was a decline below 10. I didn't know what to do and I panicked, and naturally took my huge loss and got out. What are your thoughts on the coming weeks ahead? Its trading right now at $10.30 and AH has come up only 2 cents on the share. Do we see it go back up? Are there any more planned insider sales that will take this down further? Do we expect more to take their losses and come out and drive the price down further? Any thoughts will be appreciated. Hello Mankind, Welcome to the board; let me be the 1st to answer all your questions. I'm not a licensed professional and my opinions should not be taken as investment advice. I've been a MNKD long for 3-4 years now and I've seen MNKD go as low as 1.5~ pps. Mannkind is a biotech stock therefore it has a high beta meaning it's highly volatile in relation to the rest of the market. At this point MNKD sits close to a 4B market capitalization with Afrezza still not approved. Everything is speculation at this point with more investors believing Afrezza will obtain approval and perhaps a subsequent buy-out or partnership will occur and Afrezza will be commercially successful. As with most bio stocks closing in on their approval decision date - a run-up takes place. 1) I believe MNKD will continue to be tested on both sides to break over 11 and break under 10. Plenty of time to go both ways right now before July 15th (decision date). MNKD recently was around 4~ before the Adcom despite seeing 8 before -- than retraced and broke over 8 soon after a positive preliminary vote by the panel. Be prepared for up, down and sideways action. Things turn on a whim with binary events occurring and on the horizon for biotech stocks. 2) I could definitely see MNKD up over it's current price right now (10.28 PPS) although volume is going down in comparison to the price change. Indicating a tug of war between buyers and sellers after such a strong surge upwards. Monday and Tuesday will be interesting to note pay attention to the green or red closing. A nice breather at this point is great for another run-up for the stock however it could very well be under 10 in the near future too, but MNKD has held up nicely over 10 despite take downs. 3) More than likely there will be more preplanned stock sales by MGMT that will be spun negatively by authors and commenters a-like. There always is. When Mann purchases shares of a swap it's also spun an insider buying. Such is the game of investing. When a stock price goes up or down significantly, people ask and search for reasons why. This is why you see so many authors capitalizing on high volume days when investors are at a frenzy and publishing articles. Other times the articles themselves influence investors too. 4) I would be speculating at this point but I feel more people are up than down on this board. As for those that entered MNKD before 2010 and held, perhaps they are selling a portion to off set loses assuming they haven't taken the time to average down on ashamed and held longterm. Although, realistically, both longterm and short term investors could just be selling a portion of their current shares to mitigate risk as well. There are many reasons and variables to consider for this question. One could only assume, however very rarely do people's investment thesis, situation and strategy align with 100% with others; everyone is unique and have a different tolerance level, target price, share count and average price. Cheers, Chris typed on my iphone excuse any grammatical mistakes. |
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Post by mannmade on Jun 8, 2014 10:55:37 GMT -5
Please do not confuse mankind with me...  I am the mannkind looking to retire on the beach with my holdings... |
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I am the mannkind looking to retire on the beach with my holdings...