2 more planned sales posted...

[savzak]

These by Jorgensen and Pfeffer. Both were pursuant to a plan.

I think all these insiders expected to take advantage of an April approval and a likely deal announcement. Early June sell dates left a month and a half to ink the deal. I think they were trying to catch a wave, and they only missed it because of the delay.

I would like to know when these sell orders were submitted to the plan. My bet is that they were submitted before the ADCOM was announced. Otherwise they'd have known a delay would be possible and they'd have scheduled the sells for a later date.

I'm actually liking these sells now. If my analysis is right, these sells demonstrate just how quickly they expect a deal to come...within 6 weeks after approval.

[garrett]

I guess I don't get it. How does Jorgensen sell his shares twice, two days apart, at the top of the recent run-up via a plan that was supposedly devised and initiate weeks ago. Either his timing is superb or something smells fishy.

[ashiwi]

After market doesn't seem to care. Up .02 with 88K shares traded .

[alcc]

I find it funny that you guys keep attributing clairvoyance or luck or "smelly fish" to the recent insider sales. If the stock runs to $20 in a few months then per your logic these insiders would have been absolute idiots for selling early.

What this tells me is that many of you have little faith in the stock and see this run as almost over. I don't.

In all my years of investing, I have not seen (significant changes in) insider trades as a useful indicator. If anything, I use it as a contrarian indicator. From experience, I find insiders are generally either too optimistic when things are going well or too pessimistic when they are not. Which makes them perfect contrarian indicators.

[garrett]

alcc, you are missing my point. The title of this post is "2 more planned sales posted ...". His sales don't look planned to me, but instead look to be planned each day.
I have great confidence in Mannkind and believe that a much higher price is a matter of when not if, but whether it's run is over in the short term nobody knows.

[alcc]

Garrett, 10b5 rules permit broad instructions between insider and his broker. Thus those sales executed 2 days apart may be due to limits or broker discretion at market. A plan can even expressly split the order and say sell 2 days apart (averaging). When I sell a big block I always use averaging. Who knows? I am not so naive as to believe there is no insider trading going on. But I am not smart enough to tell when it is nefarious insider trading (without benefit of hindsight) and when it is legit insider selling. So, I ignore it (charts, too) and focus on fundamentals. Your mileage may vary. Cheers!

[jpg]

Strange how these Proboard posts don't regularly make it to my Google search inbox but for some reason all the 'negative or worried' posts from Proboard abut these stock sales seem to have been flagged by Google and sent to my inbox?

Anyone else notice this?

JPG

[ezrasfund]

I would guess that Matt's sale was triggered by the $10 share price and was not date specific. Likewise Juergen Marten's (is that who you meant?) second sale. If that is so, it's Matt's way of telling you that $4B is a fair value for MNKD at this stage of the game. IMO

[alcc]

Really? Even if that is Matt's view on FMV, what makes his estimate better than yours or mine or Adam F--stein's?

[spiro]

Wow, you guys are so naive about Matt. I guess I will have to rat on Matt. His wife made him sell some shares, good for her. 

[alcc]

In that case, I am sold on Matt's trade, cuz if his wife is like mine, well, my wife is always right.