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Post by celo on Oct 3, 2017 9:35:13 GMT -5
MNKD real time trade volume, 1,741,755 shares in one hour. 2.70 hit I only saw $2.65. up 25 cents, $2.59. www.nasdaq.com/symbol/mnkd/real-time
the market got the message yesterday.
This insulin is a fine fine insulin.
KABOOM. No stopping until 3.3. WOW |
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Post by centralcoastinvestor on Oct 3, 2017 11:14:42 GMT -5
Solid rise in price today on really good volume. It really looks like some bigger entities are accumulating. When do the shorts exit? Or is the rise due in part to some covering?
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Post by itellthefuture777 on Oct 3, 2017 11:21:02 GMT -5
Solid rise in price today on really good volume. It really looks like some bigger entities are accumulating. When do the shorts exit? Or is the rise due in part to some covering? I imagine the shorts are wondering when an agressive buyout offer hits..where they can hide.. |
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Post by peppy on Oct 3, 2017 11:29:10 GMT -5
resistances which are our targets now, $2.75, $2.85, $3.10. Break and hold of one, targets the next.
this issue is going to blow.
3,696,116 shares in 3 hours of trade (realtime)
still tracking over a million shares an hour. www.nasdaq.com/symbol/mnkd/real-time
Europe has closed
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Post by cretin11 on Oct 3, 2017 11:38:21 GMT -5
peppy i love reading your posts here when the share price is behaving "properly"!
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Post by peppy on Oct 3, 2017 11:41:44 GMT -5
peppy i love reading your posts here when the share price is behaving "properly"! price moving in little tiny price triangles now, fascinating.  triangles work on all time frames.
Yeah I didn't do a good job calling it down..... mostly because I could not believe it.
People have different opinions about TA. My take is that if you learn it, there is a lot to it. Like a radiologist can read an x-ray, patterns repeat.
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Post by victoria on Oct 3, 2017 12:08:08 GMT -5
By George ... I think she's got it !!! The rain in Spain falls mainly on the plain ... Three Dog Night - Never Been To Spain www.youtube.com/watch?v=dm6qw_yeo6o
I lied, I have been to spain. (the food is terrible, fishy)
And the freedom to vote there is rather limited it seems... |
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Post by derek2 on Oct 3, 2017 12:09:20 GMT -5
Felt like a genius yesterday, selling my calls & keeping my shares "for free". Who knew. Could have had another $10K.
Still, not complaining. Just feeling a bit dumb. Stupid old bear!
EDIT: but still, a bear making money...
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Post by peppy on Oct 3, 2017 12:12:14 GMT -5
$2.80 hitting at lunch time. wow.
4,324,796 shares in 3 hours and 40 mins.
2.83 now.
2.85 is going to hit, any test should hold 2.75. through 2.85, $3.10 targets.
hmmmm, plenty of time.
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Post by peppy on Oct 3, 2017 12:14:38 GMT -5
Felt like a genius yesterday, selling my calls & keeping my shares "for free". Who knew. Could have had another $10K. Still, not complaining. Just feeling a bit dumb. Stupid old bear! EDIT: but still, a bear making money... only one day, lucky you, I have felt stupid for over a year. This thing is going to fly.
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Post by dreamboatcruise on Oct 3, 2017 12:16:39 GMT -5
The price action was quite encouraging. I might have thought the announcement about how many shares might be sold into the market via ATM could have sent price lower... and of course that's a bad spiral to get into. Seems we have enough positive sentiment to resist that... perhaps even be a positive spiral with share price going up and enabling less painful capital raise via ATM. Is the sentiment and demand strong enough to actually absorb the number of shares they are talking about if/when they start using the ATM again. I decided long ago that I'm not trading a single share around any event, I'm all or nothing with all of them. However, as we discussed on a different thread, I am trying to trade options based on events....... my strategy for July & August was to accumulate $2 & $2.5 calls for Oct thru Jan, with the opinion that we'd get good news from the FDA, which would be the catalyst for finalizing long term financing and/or distribution deals, as the company has hinted that's what they've been waiting for, and because of hints like the Deerfield debt bump to 10/31.... $3.20 ish has been my short term target. After yesterday,,,, I like what I heard for the long term, but I'm slightly concerned that the financing and/or distribution deals that I thought were imminent based on a better label, are not quite imminent. GREAT move freeing up the ability to move 22mil shares for up to $50mil,,,, but I REALLY hope that's not just to satisfy Deerfield and buy us a few more months to then depend on Afrezza sales to get us the financing and/or distribution deals we really need long term. The very moment MNKD is considered to have a future, be able to survive, then the market cap & share price will take care of itself, instantly!!!! I hope we're not still waiting on script numbers alone, but I guess we'll find out soon. With the magnitude of negative cash flow on current trajectory and required debt payments before getting to positive cash flow (probably on order of $100M total), I don't see where there would be a very probable event that would solve the problem in one stroke. Even if we do get some upfront money for a distribution deal I can't imagine it being but a small chunk of what is needed. I'm getting more optimistic about the future and ability to remain solvent, but I think it will depend on cumulative improvement (including scripts) that regain investor interest and enable raising meaningful money in equity markets. A few months ago I didn't believe in the white knight scenario (as I still do not) and it was seeming with the diminished market cap vs cash needs, it was likely not viable to raise the money with equity offering. I'm now hopeful we can raise money through the markets. Hopefully the change in investor sentiment (and share price) is supported by a sense of cumulative progress and strength rather than a belief in some white knight event (which I think you are still looking for). The whole notion that there were some deals waiting on a label change never seemed likely to me. If there is some partner/investor that wasn't convinced about Afrezza, merely getting different data and wording in a label doesn't seem like it would be what they are looking for. And the US label would seem to have no bearing on a partner for international jurisdictions which would have their own submissions and labels. Hopefully there will be another international deal (fingers crossed at least a small amount of upfront). Hopefully the teasing about RLS actually means we'll be getting a progress payment much larger than the last one (maybe $10M, please). Hopefully the overall picture reignites institutional investor interest. |
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Post by oldfishtowner on Oct 3, 2017 12:24:31 GMT -5
peppy, looks like your 3.10 target may arrive sooner rather than later.
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Post by peppy on Oct 3, 2017 12:26:41 GMT -5
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Post by kbrion77 on Oct 3, 2017 12:33:11 GMT -5
Felt like a genius yesterday, selling my calls & keeping my shares "for free". Who knew. Could have had another $10K. Still, not complaining. Just feeling a bit dumb. Stupid old bear! EDIT: but still, a bear making money... I sold my $2 trading shares this morning for $2.50, not going to complain about 25% but I can never get this stock right lol. Still got a little way to go in my retirement accounts. |
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Post by n8 on Oct 3, 2017 14:47:06 GMT -5
Could we be listed as a top gainer today? If so even more positive momentum to be expected. MNKD has been on many a radar IMO.......
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