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Post by op2778 on Oct 9, 2017 11:04:58 GMT -5
When do we'll find out if there was someone bought 5% or more of shares?
Last week volume was too big and something or someone bought big time....
Op
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Post by cjc04 on Oct 9, 2017 11:11:59 GMT -5
The low on Thursday, the big run day, was $3.62, to a high of $6.51.... 50% of that run is $5.07..... seems like we're really consolidating here for a bigger move either way.
If you go back and say the run really began on Tuesday, the low that day was $2.31, so 50% from the top of that run is at $4.41.... which we covered with our low of $4.38 on Friday.
For what ever all that's worth...
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Post by kc on Oct 9, 2017 12:15:23 GMT -5
If somebody has been buying or did accumulate 5% they have to announce it very timely. It could happen. Would not surprise me as that should have happened a long time ago.
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Post by straightly on Oct 9, 2017 14:11:53 GMT -5
If somebody has been buying or did accumulate 5% they have to announce it very timely. It could happen. Would not surprise me as that should have happened a long time ago. My take is that some trading algorithm went wrong after $5.00 and caught by somebody at $6.50, and off we went.
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Post by nemzter on Oct 9, 2017 14:58:46 GMT -5
Loving this close....
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Post by cretin11 on Oct 9, 2017 15:12:43 GMT -5
Indeed, what is up with that close? I'm used to seeing it in reverse. This was nicer.
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Post by thekid2499 on Oct 9, 2017 15:14:19 GMT -5
Really nice close! Today's volume also leads me to believe that something else was going on the second half of last week. While there was strong volume today, it was nowhere near what was going on the latter half of last week. Anyone have any ideas or thoughts as to why the volume was so crazy? It would seem like MNKD had to float additional shares into the market to generate that kind of volume, right? Even that doesn't seem like enough to cause such crazy volume.
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Post by peppy on Oct 9, 2017 15:19:33 GMT -5
MNKD real time volume today; 8,886,242 shares. plus 28 cents. plus 5.6% mnkd nasdaq summary volume, 12,701,220 shares $5.325 plus .32 plus 6.36%
an inside day on lower volume. 'Out of price contraction, comes price expansion.'
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Post by op2778 on Oct 9, 2017 15:24:35 GMT -5
MNKD real time volume today; 8,886,242 shares. plus 28 cents. plus 5.6% mnkd nasdaq summary volume, 12,701,220 shares $5.325 plus .32 plus 6.36%
an inside day on lower volume. 'Out of price contraction, comes price expansion.'
Oh look....a GOLDEN CROSS......Oh...oh....oh....
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Post by peppy on Oct 9, 2017 15:25:02 GMT -5
Really nice close! Today's volume also leads me to believe that something else was going on the second half of last week. While there was strong volume today, it was nowhere near what was going on the latter half of last week. Anyone have any ideas or thoughts as to why the volume was so crazy? It would seem like MNKD had to float additional shares into the market to generate that kind of volume, right? Even that doesn't seem like enough to cause such crazy volume. yes, kid. If memory services me correctly, 22 million shares had been authorized and not sold. 22million times 5 dollars.
Growth check label check recapitalization....(check?)
could I be correct? all? Where is my thinking/wrong/confused/undereducated?
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Post by op2778 on Oct 9, 2017 15:32:52 GMT -5
none the less, there is a possible hanging man out there.....Let's see tomorrow if we get confirmation of that or not.....
Peppy u are the chartist, not me.....
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Post by me on Oct 9, 2017 15:36:53 GMT -5
none the less, there is a possible hanging man out there.....Let's see tomorrow if we get confirmation of that or not..... Peppy u are the chartist, not me..... And that's exactly why I never post any TA!
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Post by thekid2499 on Oct 9, 2017 15:39:20 GMT -5
Really nice close! Today's volume also leads me to believe that something else was going on the second half of last week. While there was strong volume today, it was nowhere near what was going on the latter half of last week. Anyone have any ideas or thoughts as to why the volume was so crazy? It would seem like MNKD had to float additional shares into the market to generate that kind of volume, right? Even that doesn't seem like enough to cause such crazy volume. yes, kid. If memory services me correctly, 22 million shares had been authorized and not sold. 22million times 5 dollars.
Growth check label check recapitalization....(check?)
could I be correct? all? Where is my thinking/wrong/confused/undereducated?
You may be correct. I keep going back and forth as to whether I want that to be the case. If we sold 10 million shares into the market and raised $50 million, I should probably be happy .
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Post by cjc04 on Oct 9, 2017 15:59:21 GMT -5
Really nice close! Today's volume also leads me to believe that something else was going on the second half of last week. While there was strong volume today, it was nowhere near what was going on the latter half of last week. Anyone have any ideas or thoughts as to why the volume was so crazy? It would seem like MNKD had to float additional shares into the market to generate that kind of volume, right? Even that doesn't seem like enough to cause such crazy volume. yes, kid. If memory services me correctly, 22 million shares had been authorized and not sold. 22million times 5 dollars.
Growth check label check recapitalization....(check?)
could I be correct? all? Where is my thinking/wrong/confused/undereducated?
[ $50m is the max at the ATM though Pep,,,, I'd be happy to find out they sold 10 mil shares to get the $50 mil
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Post by cjc04 on Oct 9, 2017 16:05:52 GMT -5
none the less, there is a possible hanging man out there.....Let's see tomorrow if we get confirmation of that or not..... Peppy u are the chartist, not me..... Hanging man, nice one, I had to look that up.... the examples I found though all seem to have "him" making the high. Today seems like beautiful consolation closing OVER volume. Feels like a breakout to me. Guess we'll find out. And I did put my money on it!!! So I really hope I'm right.
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