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Post by nylefty on Oct 3, 2017 17:25:34 GMT -5
The stock price is up more than 400 percent in the last five months, so that sounds like the ship turning around to me. I credit Mike with the turnaround (after he inherited an almost impossible situation caused by the Sanofi sandbagging). yes we can read the chart. I don't deny it's up a lot but I am cautious to celebrate anything yet. In my eyes, this run doesn't have much behind it. I hope I'm wrong but this can fall just as fast as it rose if we don't get any significant news soon.. We've seen MNKD lose its gains almost like clockwork on every run up. A lot of day and momentum traders have jumped in here who couldn't care less about the science behind the company. They will jump ship as soon as the tide turns with tight stop losses. My ID may be new here but I am very experienced at investing. I would be very very cautious to assume this run will hold without any positive news very soon. On top of that, 20 million share may be dumped on to the market with the possibility of more. How do you think this will affect the stock price? I'm a realist here so please forgive me if sound less than ideal from your usual hyped up "yes men". brewguy: I'm also "very experienced in investing" and was wise enough to average down on MNKD to the point where I'm not "deep in the red." Sorry to hear about your situation. Good luck to you. |
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Post by joeypotsandpans on Oct 3, 2017 17:29:54 GMT -5
We did 13 million in volume today on a strong up day. Sentiment right now seems to be such that even 20 million shares could be fed (not dumped) into market. Question is whether to sustain this sentiment we need some spectacular event, or whether slow steady progress keeps bringing new investors and providing support for the ATM. What if we get another international deal but without upfront, we get some small progress payment from RLS which at least proves they're alive, we start seeing 2018 formularies improving coverage, treprostinil is filed, time in range study completes and looks positive and we learn that MNKD is keeping up with the cash burn by slowly tapping the ATM... all the while scripts continue to grow? You can correctly cite that gains in the past have quickly reversed, but I think there is a difference that we now have a backdrop of a real turn around taking shape. Lest my detractors think I've gone soft (I'd hate to have everyone liking me here)... caveat investor... this is still a very risky stock to own. Even if you want to give the benefit of the doubt that Mike has everything in hand, we're probably just one big market correction away from imploding. What is our ATM? How does it work? I thought it was a right we obtained to sell commons to a third party, not to the public. Please correct me if I am wrong. The ATM could be used for what it is "at the market" at any time in any amounts...it was used previously and not really known until Matt mentioned it on a quarterly call...that's the beauty of it not being telegraphed....(think of our "untelegraphed" bombing of the airstrips when we hit in Syria compared to telling the world when we are pulling our troops out).....so "sentiment" would more than likely be positive if it became known after the fact and it put some cash back in the coffer.  |
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Post by ghochr on Oct 3, 2017 17:45:03 GMT -5
^^^ but wallst will get a whiff of what’s going on and the usual team will start crying wolf
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Post by peppy on Oct 3, 2017 17:53:33 GMT -5
^^^ but wallst will get a whiff of what’s going on and the usual team will start crying wolf or wallstreet has a whiff of what IS going on and they are buying. |
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Post by mnholdem on Oct 3, 2017 17:57:37 GMT -5
I think I'll go with peppy's rationale.  |
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dang
Newbie
Posts: 20 
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Post by dang on Oct 3, 2017 18:32:10 GMT -5
That's kinda like when Jaguar boasted about being the "faster growing luxury car brand in the world" a few years ago. Their numbers were small so it was easy to show a percentage that was impressive. Mercedes would've had to sell tens of thousands more to show the same percentage increase. Its a numbers game, literally. |
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Post by nylefty on Oct 3, 2017 18:50:37 GMT -5
That's kinda like when Jaguar boasted about being the "faster growing luxury car brand in the world" a few years ago. Their numbers were small so it was easy to show a percentage that was impressive. Mercedes would've had to sell tens of thousands more to show the same percentage increase. Its a numbers game, literally. Yeah, it's "easy" to show that the shares I bought at .85 and .91 have tripled in value. Wish I'd bought more. |
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Post by ghochr on Oct 3, 2017 19:02:37 GMT -5
^^^ but wallst will get a whiff of what’s going on and the usual team will start crying wolf or wallstreet has a whiff of what IS going on and they are buying. If they are so interested in buying Mannkind will raise like they did last time. If there is no interest then ATM is the last choice. May be now it makes sense ? |
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Post by ghochr on Oct 3, 2017 19:04:03 GMT -5
I think I'll go with peppy's rationale. Aren’t we all hoping and been hoping and holding for a while now? |
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Post by liane on Oct 3, 2017 19:30:07 GMT -5
ghochr, I'd like to point out that you post a lot for someone who's been on this board for only 3 weeks.
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Post by rockstarrick on Oct 3, 2017 19:36:30 GMT -5
I think I'll go with peppy's rationale. Aren’t we all hoping and been hoping and holding for a while now? Some of us are smart enough to realize that Mannkind and Afrezza haven’t been given a clean shot at success yet, 2 crl’s for the fastest Mealtime Insulin known to man. Then after fda Approval, a year waisted with Sanofi, that financially crushed the Company forcing the reverse split. Mannkind has had to reinvent itself to be able to attempt to Market Afrezza, all while trying to negotiate financing deals to avoid bankruptcy. Step by step we are slowly making headway, and I’ll be damned if I’m going to miss this story unfolding !! So we HOLD, and remain BULISH !! 😎 PEACE ✌🏻 🇺🇸 |
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Post by mnholdem on Oct 3, 2017 19:55:37 GMT -5
I think I'll go with peppy's rationale. Aren’t we all hoping and been hoping and holding for a while now? True. But, as the poll on another thread here demonstrates, ProBoard members have tempered their exuberance quite a bit. I'd say the majority of longs are cautiously optimistic. The hope springs from understanding the science behind Afrezza and Technosphere. Being a bit cautious comes from realizing that there are still several obstacles standing between receiving an upgraded label and achieving significant growth for this company.
Another cause for being "cautiously" optimistic is the increasingly positive reviews from Wall Street publications. They will catch the eye of many retail investors and perhaps a few fund managers. I do expect a few more attempted bear raids as investor response to company news wanes a bit, but I think any raids will amount to very modest pullbacks and the upward momentum will continue due, primarily, to higher daily volume that will put a hamper on the kind of downward stock manipulation that can occur on low volume trading days.
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Post by sportsrancho on Oct 3, 2017 20:04:39 GMT -5
I got 180 e-mails today. Have not even been able to read the board:-) This thing is blowing up! If I haven’t responded, I will eventually:-)
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Post by peppy on Oct 3, 2017 21:32:53 GMT -5
One last comment. A chart of a stock that was almost bankrupt in 2009. The stock came back and made new highs when financing was obtained. This stock only needed 3 trillion dollars of new financing. (monetary easing, 1,2,and 3 along with operation twist.) The stock also needed negative interest rates. See how well it is doing now? From bankruptcy to new highs. (hmmm, under Obama.)
ok, there is a monthly divergence now,still. set your stops. |
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Post by centralcoastinvestor on Oct 4, 2017 8:39:57 GMT -5
For those that are massively short this stock, how can they know this will come back down? How do they know that others aren't getting out while they are left "holding the bag"? Particularly those that shorted at 1ish.
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