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Post by boca1girl on Nov 28, 2017 13:41:15 GMT -5
I wonder what is causing the jump this morning. It almost made me want to buy a little more but I'm wondering if its just a quick hype before it goes back down Yesterday I sold all of my shares with a cost basis greater than $25 to capture the tax loss, that’s the reason the stock price is up today.  I will be more than happy if we can get to $10 by year end as predicted, because now my average cost is below $4. 31 days from now, I might be in the position to buy more. I would have held onto those shares if I didn’t have capital gains to offset. |
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Post by dreamboatcruise on Nov 28, 2017 14:16:55 GMT -5
I wonder what is causing the jump this morning. It almost made me want to buy a little more but I'm wondering if its just a quick hype before it goes back down Yesterday I sold all of my shares with a cost basis greater than $25 to capture the tax loss, that’s the reason the stock price is up today. I will be more than happy if we can get to $10 by year end as predicted, because now my average cost is below $4. 31 days from now, I might be in the position to buy more. I would have held onto those shares if I didn’t have capital gains to offset. I would think I'd be thrilled, unless of course the shock of it causes me to have a heart attack. |
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Post by porkini on Nov 28, 2017 14:33:31 GMT -5
price still looking bullish on the 15 min daily. INAPPROPRIATELY: I think, what would take price up? and answer myself, (Made up answer) a leak that united health is now going to cover afrezza is an answer that floats through. I have a dream? (another made up answer), they have word that they have 50%+1 of the votes needed & are now putting the finishing touches of a buy in agreement.
Castagna: The purpose of the 140 million --- there is no right or wrong number. You could have went for 20 million. you could have went for 200 million. There are 140 million outstanding shares now, so we're just increasing that count to 280 million. The reality is that if you want to make an acquisition, you have to have shares. If you want to continue to expand the company, you might need shares available to do things. To do partnerships, you could need shares, to bring in an ownership in the company.
So we only have 4 million shares left. That's not in the interest of shareholders to run a company and have zero options on the table if things pop up over the next two to three years. So what I didn't want to do, honestly, is say I want 20 million shares and everybody says, "Oh, we have 10% dilution coming." You needed to have a number that was reasonable but not too absurd. I think that's what's important.
So, what if the interview answer was, perhaps, maybe, in order of preference/precedence? - The reality is that if you want to make an acquisition, you have to have shares. (Who/what is the acquisition? Arguably laughable at this time to make any major acquisition, but something smaller that may make sense?
e.g., a smaller start-up like One Drop?) - If you want to continue to expand the company, you might need shares available to do things. (e.g., employee incentives?)
- To do partnerships, you could need shares, to bring in an ownership in the company. (e.g., speaks for itself)
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Post by dreamboatcruise on Nov 28, 2017 15:14:45 GMT -5
(another made up answer), they have word that they have 50%+1 of the votes needed & are now putting the finishing touches of a buy in agreement.
So, what if the interview answer was, perhaps, maybe, in order of preference/precedence? - The reality is that if you want to make an acquisition, you have to have shares. (Who/what is the acquisition? Arguably laughable at this time to make any major acquisition, but something smaller that may make sense?
e.g., a smaller start-up like One Drop?) - If you want to continue to expand the company, you might need shares available to do things. (e.g., employee incentives?)
- To do partnerships, you could need shares, to bring in an ownership in the company. (e.g., speaks for itself)
This is actually one of the stranger things Mike has said. Setting aside that his math is incorrect it seems to be a misreading of the situation they are in. If it were 20M shares he acts like people would assume something bad and that there would be significant (ooo, scary, 10% dilution), whereas if he makes the number of shares 7x larger, people aren't going to fear the dilution? 20M is scary for people so let's go for something that is so large it is just a little absurd, "but not too absurd". Makes no sense. I assume he is actually aware of the history of MNKD and how there has been massive dilution in the past. Yes, Mike is new but that doesn't erase previous decisions by management and BoD. Yes, the bus driver is new, but the safety record of the bus company isn't something the bus company should assume is a non issue. |
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Post by goyocafe on Nov 28, 2017 15:50:40 GMT -5
Speights: You announced the upcoming stockholder meeting on authorizing around 140 million new shares. Why that number? Do you anticipate any pushback or difficulty getting the authorization approved?Castagna: The purpose of the 140 million --- there is no right or wrong number. You could have went for 20 million. you could have went for 200 million. There are 140 million outstanding shares now, so we're just increasing that count to 280 million. The reality is that if you want to make an acquisition, you have to have shares. If you want to continue to expand the company, you might need shares available to do things. To do partnerships, you could need shares, to bring in an ownership in the company.So we only have 4 million shares left. That's not in the interest of shareholders to run a company and have zero options on the table if things pop up over the next two to three years. So what I didn't want to do, honestly, is say I want 20 million shares and everybody says, "Oh, we have 10% dilution coming." You needed to have a number that was reasonable but not too absurd. I think that's what's important.
So, what if the interview answer was, perhaps, maybe, in order of preference/precedence? - The reality is that if you want to make an acquisition, you have to have shares. (Who/what is the acquisition? Arguably laughable at this time to make any major acquisition, but something smaller that may make sense?
e.g., a smaller start-up like One Drop?) - If you want to continue to expand the company, you might need shares available to do things. (e.g., employee incentives?)
- To do partnerships, you could need shares, to bring in an ownership in the company. (e.g., speaks for itself)
This is actually one of the stranger things Mike has said. Setting aside that his math is incorrect it seems to be a misreading of the situation they are in. If it were 20M shares he acts like people would assume something bad and that there would be significant (ooo, scary, 10% dilution), whereas if he makes the number of shares 7x larger, people aren't going to fear the dilution? 20M is scary for people so let's go for something that is so large it is just a little absurd, "but not too absurd". Makes no sense. I assume he is actually aware of the history of MNKD and how there has been massive dilution in the past. Yes, Mike is new but that doesn't erase previous decisions by management and BoD. Yes, the bus driver is new, but the safety record of the bus company isn't something the bus company should assume is a non issue. All that said and the bottom line is I’m just tired of being under the bus! 🤪 |
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Post by kc on Nov 28, 2017 16:12:52 GMT -5
Frozen in time AH. No action. Tested it with a buy and nothing happened YET. Oh well. Not sure what is happening. Perhaps some order rebalances. Seems to be stuff happening. Notice this big block trade at 15:53:06 Chart also shows all trades today over 15K shares.
Two AH blocks just traded. 200 shares at 16:11:06 200 Shares at 16:11:06
My buy was received at 4:08:07 and as of 16:41:15 my buy has not been executed.
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Post by peppy on Nov 28, 2017 16:26:59 GMT -5
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Post by mytakeonit on Nov 28, 2017 16:53:35 GMT -5
OH NO! The purple line crossed over the green and the red is mad and climbing too !!!
oh well ... market is closed ... when are the Victoria Secret models coming on this chart?
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Post by kc on Nov 28, 2017 17:23:37 GMT -5
5775 shares total traded so far AH but not my buy at market. Normally there is AH movement.
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Post by centralcoastinvestor on Nov 29, 2017 12:44:56 GMT -5
Wow. Someone sure doesn't want the share price to stay above $3.25. Kinda interesting how that is the exact floor set by the Dearfield financing agreement. Hmmmmm
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Post by peppy on Nov 29, 2017 14:45:59 GMT -5
let's see if price can test todays top at end of day.
3.20 0.04 ▲ 1.26%
2,605,556 real time shares traded with 1 hour and 15 mins left to go.
www.nasdaq.com/symbol/mnkd/real-time
the 20 day moving average is $3.15, back above the 20 day. the 50 day $3.45
resistance 3.30, 3.49, 3.68.
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Post by dreamboatcruise on Nov 29, 2017 18:55:47 GMT -5
Wow. Someone sure doesn't want the share price to stay above $3.25. Kinda interesting how that is the exact floor set by the Dearfield financing agreement. Hmmmmm Deerfield wouldn't want it to stay at $3.25 as they don't make a lot of profit if the price is flat. What they'd want is for the price to shoot WAY up one day. Then they could agree to convert at a much lower price since they get averaged over a few days, then immediately short the stock and when shares are delivered under the convert close out the short position. Guaranteed profit. That doesn't matter at all whether the stock is at $3.25 or $6 as long as there is a nice pop over the length of the price averaging window. |
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Post by peppy on Nov 29, 2017 19:11:25 GMT -5
Wow. Someone sure doesn't want the share price to stay above $3.25. Kinda interesting how that is the exact floor set by the Dearfield financing agreement. Hmmmmm Deerfield wouldn't want it to stay at $3.25 as they don't make a lot of profit if the price is flat. What they'd want is for the price to shoot WAY up one day. Then they could agree to convert at a much lower price since they get averaged over a few days, then immediately short the stock and when shares are delivered under the convert close out the short position. Guaranteed profit. That doesn't matter at all whether the stock is at $3.25 or $6 as long as there is a nice pop over the length of the price averaging window. The month closes tomorrow. What do you see when you look at price action?
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Post by mnholdem on Nov 29, 2017 22:33:55 GMT -5
Peppy, yesterday's action was pretty close to the...
Inverted Hammer!
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential reversal upward. It is important to note that the Inverted pattern is a warning of potential price change, not a signal, in and of itself, to buy.
inverted hammer candlestick chart pattern
The Inverted Hammer formation, just like the Shooting Star formation, is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow, which should be at least twice the length of the real body.
When the low and the open are the same, a bullish Inverted Hammer candlestick is formed and it is considered a stronger bullish sign than when the low and close are the same, forming a bearish Hanging Man (the bearish Hanging Man is still considered bullish, just not as much because the day ended by closing with losses).
For more information: www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/InvertedHammer.html
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Post by peppy on Nov 29, 2017 22:43:30 GMT -5
I will tell you what I see. NUMERO uno. The stock is nothing but over head resistance, anyone that can get out, screaming, get me out. stocks that have been making new lows for years get that way.
Look at how many months it took price to get down to sub dirt. Look how many months on the retrace. this stock has taken a one month breather at Deerfields price. The float being worked through. On a monthly basis, the plan is to retrace this wedge. a month breather on this monthly is fine.
7.85 should resist. the 2012 lows.
There is only one reason I can say this. This insulin is good.
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