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Post by otherottawaguy on Jun 4, 2014 8:52:10 GMT -5
MannKind Corp. (MNKD) -NasdaqGM
10.00 Up 0.49(5.15%) 9:49AM EDT - Nasdaq Real Time Price
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Post by spiro on Jun 4, 2014 9:16:24 GMT -5
I am getting too old for all this dancing around my desk chair, these greek dances are very energetic. I must confess that I sold 20 of my july 3 calls for an over 200 % gain. I still have control of 55k shares.
Spiro
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Post by mannmade on Jun 4, 2014 9:33:19 GMT -5
So one thing I have learned from this roller coaster called Mannkind is that after 4 1/2 years (my time invested) I still can't predict short reactions to stock price rise... (Something like trying to predict an earthquake in California).
I know it would be prudent to start taking some off the table but I am a 3 to 5 year long term hold on this stock as of today with my opinion subject to change as the story continues to evolve... So what I am asking is... Does anyone have a feel one way or the other as to what may happen with shorts prior to approval. I will assume (which may make an ass of u & me, actually just me) that after approval a short dip for profit taking (unless bad news or label is too restrictive,) then a rise up until partnership with same pattern... followed by sideways trading until revenue numbers or announcement of orders start to be announced. Thoughts...?
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Post by babaoriley on Jun 4, 2014 9:50:31 GMT -5
I am getting too old for all this dancing around my desk chair, these greek dances are very energetic. I must confess that I sold 20 of my july 3 calls for an over 200 % gain. I still have control of 55k shares. Spiro Shorty!! I knew it all along!
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Post by babaoriley on Jun 4, 2014 10:01:48 GMT -5
So one thing I have learned from this roller coaster called Mannkind is that after 4 1/2 years (my time invested) I still can't predict short reactions to stock price rise... (Something like trying to predict an earthquake in California). I know it would be prudent to start taking some off the table but I am a 3 to 5 year long term hold on this stock as of today with my opinion subject to change as the story continues to evolve... So what I am asking is... Does anyone have a feel one way or the other as to what may happen with shorts prior to approval. I will assume (which may make an ass of u & me, actually just me) that after approval a short dip for profit taking (unless bad news or label is too restrictive,) then a rise up until partnership with same pattern... followed by sideways trading until revenue numbers or announcement of orders start to be announced. Thoughts...? Mannmade, I wouldn't disagree with your scenario. For now, I think this $10 number is causing a little heartburn, as Chris thought it would. Also, at some point, the covering shorts (ie, the Spiro's of the world), are going to say f it, and just roll the dice, figuring like we do, that after a partnershipless approval, there may well be a dip. As I really do believe this rally is mainly fueled by shorts slowly but surely covering, I might also offer the theory that the shorties have gotten word that a partnership may be close and, indeed, announced prior to the FDA's decision. I mean, they have sat chilly for so long, it seems as though a little ole approval wouldn't scare them this much, but a partnership? Shorties get these "words" sometimes, they are willing to pay for information, some say...
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Post by brentie on Jun 4, 2014 10:03:32 GMT -5
Mannmade,I'm with you except for the rise up into partnership. I'm not sure that will happen because we don't know when or even if that's going to happen. However, when it is announced we should get a really nice jump.
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Post by nemzter on Jun 4, 2014 10:31:53 GMT -5
$10.10, $11 coming next week? Probably not, but anyone thinking that approval is already factored into the current share price?
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Post by mannmade on Jun 4, 2014 11:28:35 GMT -5
Thanks guys really appreciate the input as can never seem to have enough with this stock...
Am beginning to think approval has been priced in unless of course very restricted label or no label... then either side could move...
As for partnership I think they may be talking with two or three/three or four finalists and that really all done except for pricing of offer (upfront payment & royalty share) based on label (which is still on going discussion) as label will determine (at least upfront) number of projected patients which will allow calculation of revenue stream moving forward with some basis for reality though may be off on either side.
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Post by babaoriley on Jun 4, 2014 11:54:16 GMT -5
Yes, as to the approval being price in, the AdCom vote provided enough evidence that most would have to figure it in.
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Post by thekindaguyiyam on Jun 4, 2014 12:18:21 GMT -5
I am getting too old for all this dancing around my desk chair, these greek dances are very energetic. I must confess that I sold 20 of my july 3 calls for an over 200 % gain. I still have control of 55k shares. Spiro a jig or were you line dancing?
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Post by spiro on Jun 4, 2014 12:47:49 GMT -5
That would be a jig with my dog chasing and barking at me, so that could make it a line dance
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Post by BD on Jun 4, 2014 13:00:01 GMT -5
spiro, at about this point you may want to consider going over to buy Siberia...
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Post by seanismorris on Jun 4, 2014 13:31:23 GMT -5
Well I lightened up a bit today, sold 7% of my MNKD at $10.25.
The volume is crazy today! Looks like it will be 250% of normal volume.
It we have FDA approval this week, the SEC might have some work to do : )
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Post by mannmade on Jun 4, 2014 13:49:44 GMT -5
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Post by BD on Jun 4, 2014 14:20:05 GMT -5
If you want to see "ultimate", just take a look at the GMCR 5-year chart, lol
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