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Post by mnholdem on Dec 15, 2017 14:56:45 GMT -5
I dipped into my pocket this morning and bought May-2018 call options as a small (60 contracts) side bet to add my pile of Jan-2019 calls.
I guy's gotta have some fun, no?
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Post by peppy on Dec 15, 2017 15:17:41 GMT -5
MNKD weekly price chart
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Post by rombic33 on Dec 15, 2017 16:15:40 GMT -5
Was it 2 mil added in the last few min?
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Post by dreamboatcruise on Dec 15, 2017 19:57:34 GMT -5
Volume has really dried up, as of yesterday largest clearing firm had no stock to lend (and yes I saw the loan rate thread), with volatility at extreme quiet levels and end of year approaching, the crickets you hear, (paint drying you see, grass growing, etc.) could soon be running when the noise hits looking forward to '18 In reality there are shares available for borrowing because some of min were returned and are now sitting unlent. I guess the system is perfect about locating and harvesting shares for loan.
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Post by celo on Dec 18, 2017 9:47:23 GMT -5
MNKD held 2.8ish three times since November 1st but then today has broken through. I think the next point of resistance is 2.3. Need a positive source of momentum. I thought sales were pretty good. The last week's sales needed to be bigger and better. Maybe next week.
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Post by silentknight on Dec 18, 2017 10:19:19 GMT -5
Hard to say but I'm guessing there are more shorts piling in as a result of the newly increased share count and expected dilution which is why you're seeing the sell off.
Sales need to be better for sure.
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Post by peppy on Dec 18, 2017 10:28:10 GMT -5
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Post by LosingMyBullishness on Dec 18, 2017 16:31:09 GMT -5
Hard to say but I'm guessing there are more shorts piling in as a result of the newly increased share count and expected dilution which is why you're seeing the sell off. Sales need to be better for sure. Would you might explaining your rational? What are shorts piling in? Let's assume for a second that they are not naked short. Either they own shares or they borrow them. But the shared that are authorised are not there jet.whst are they piling and why does the price go down due to that. Sure they can sell their shares but then they need to buy calls, right?
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Post by dreamboatcruise on Dec 18, 2017 16:59:00 GMT -5
Hard to say but I'm guessing there are more shorts piling in as a result of the newly increased share count and expected dilution which is why you're seeing the sell off. Sales need to be better for sure. Would you might explaining your rational? What are shorts piling in? Let's assume for a second that they are not naked short. Either they own shares or they borrow them. But the shared that are authorised are not there jet.whst are they piling and why does the price go down due to that. Sure they can sell their shares but then they need to buy calls, right? It's simply an issue of anticipated dilution. No one can know how things will play out concerning the amount of dilution, but given MNKD's history of dilution (and the fact that the journey towards profitability is still crawling along) shorts "may" be emboldened to take the risk of shorting with anticipation that dilution will drive the price down, as at the end of the day it is earnings per share that will drive price and more shares (if they are issued) will ultimately result in less earnings per share. I can also say that it has put me back on the sidelines as a long investor. Even if all the authorized shares are eventually issued, I think the current price is undervaluing the company, but we're in a period now where investor expectations are being adjusted down again. That process needs to run its course before price stabilizes. I'll continue to hold what I have, but no new buying for the time being.
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Post by madog365 on Dec 18, 2017 17:10:01 GMT -5
Would you might explaining your rational? What are shorts piling in? Let's assume for a second that they are not naked short. Either they own shares or they borrow them. But the shared that are authorised are not there jet.whst are they piling and why does the price go down due to that. Sure they can sell their shares but then they need to buy calls, right? It's simply an issue of anticipated dilution. No one can know how things will play out concerning the amount of dilution, but given MNKD's history of dilution (and the fact that the journey towards profitability is still crawling along) shorts "may" be emboldened to take the risk of shorting with anticipation that dilution will drive the price down, as at the end of the day it is earnings per share that will drive price and more shares (if they are issued) will ultimately result in less earnings per share. I can also say that it has put me back on the sidelines as a long investor. Even if all the authorized shares are eventually issued, I think the current price is undervaluing the company, but we're in a period now where investor expectations are being adjusted down again. That process needs to run its course before price stabilizes. I'll continue to hold what I have, but no new buying for the time being.
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Post by pantaloons on Dec 18, 2017 17:15:09 GMT -5
Would you might explaining your rational? What are shorts piling in? Let's assume for a second that they are not naked short. Either they own shares or they borrow them. But the shared that are authorised are not there jet.whst are they piling and why does the price go down due to that. Sure they can sell their shares but then they need to buy calls, right? It's simply an issue of anticipated dilution. No one can know how things will play out concerning the amount of dilution, but given MNKD's history of dilution (and the fact that the journey towards profitability is still crawling along) shorts "may" be emboldened to take the risk of shorting with anticipation that dilution will drive the price down, as at the end of the day it is earnings per share that will drive price and more shares (if they are issued) will ultimately result in less earnings per share. I can also say that it has put me back on the sidelines as a long investor. Even if all the authorized shares are eventually issued, I think the current price is undervaluing the company, but we're in a period now where investor expectations are being adjusted down again. That process needs to run its course before price stabilizes. I'll continue to hold what I have, but no new buying for the time being. The timing of dilution will be exquisitely essential. If it doesn't follow a major uptick in share price, the company may very well be in a position from which it will never be able to recover. Considering that no major anticipated news to drive share price higher between now and mid 2018, there is certainly concern for longs. As another has said about today's share price fluctuation, I think the shorts are calling Mike C's bluff and don't think he's holding a very strong hand at this moment in time. I'm still confused as to why MNKD management and BOD thought it was a good idea to authorize shares without an apparent plan to prop up the share price.
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Post by xanet on Dec 18, 2017 17:32:45 GMT -5
It's simply an issue of anticipated dilution. No one can know how things will play out concerning the amount of dilution, but given MNKD's history of dilution (and the fact that the journey towards profitability is still crawling along) shorts "may" be emboldened to take the risk of shorting with anticipation that dilution will drive the price down, as at the end of the day it is earnings per share that will drive price and more shares (if they are issued) will ultimately result in less earnings per share. I can also say that it has put me back on the sidelines as a long investor. Even if all the authorized shares are eventually issued, I think the current price is undervaluing the company, but we're in a period now where investor expectations are being adjusted down again. That process needs to run its course before price stabilizes. I'll continue to hold what I have, but no new buying for the time being. The timing of dilution will be exquisitely essential. If it doesn't follow a major uptick in share price, the company may very well be in a position from which it will never be able to recover. Considering that no major anticipated news to drive share price higher between now and mid 2018, there is certainly concern for longs. As another has said about today's share price fluctuation, I think the shorts are calling Mike C's bluff and don't think he's holding a very strong hand at this moment in time. I'm still confused as to why MNKD management and BOD thought it was a good idea to authorize shares without an apparent plan to prop up the share price. You can't see much if you look right in front of where you are; I'm glad management has a longer-term horizon than retail investors. This is a long, slow slough, not an overnight gold mine. Things will continue to play out over time, like they have for years. Progress may be slow, but progress it is, and momentum continues to slowly build. If you know the story of the three little pigs, I'd rather have a brick house that takes longer to build than a straw house that goes up fast and makes investors happy.
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Post by joeypotsandpans on Dec 18, 2017 17:50:42 GMT -5
The timing of dilution will be exquisitely essential. If it doesn't follow a major uptick in share price, the company may very well be in a position from which it will never be able to recover. Considering that no major anticipated news to drive share price higher between now and mid 2018, there is certainly concern for longs. As another has said about today's share price fluctuation, I think the shorts are calling Mike C's bluff and don't think he's holding a very strong hand at this moment in time. I'm still confused as to why MNKD management and BOD thought it was a good idea to authorize shares without an apparent plan to prop up the share price. You can't see much if you look right in front of where you are; I'm glad management has a longer-term horizon than retail investors. This is a long, slow slough, not an overnight gold mine. Things will continue to play out over time, like they have for years. Progress may be slow, but progress it is, and momentum continues to slowly build. If you know the story of the three little pigs, I'd rather have a brick house that takes longer to build than a straw house that goes up fast and makes investors happy. kind of like the recent equity IPO's with the term blockchain in their names or offerings, pretty scary stuff what is taking place right now circa 2000 with the dot coms, very reminiscent...I asked my kids about ROKU today seeing that it continues to move higher since the IPO valuation....they're as up to date with all the NFLX/HULU/AMZN interrelationships as typical millennials would be, they couldn't believe what was going on with ROKU so that would give me pause in and of itself, not saying there isn't a valid reason for the climb, just can't be sure it's fundamentals, conversely the same could be said for the opposite regarding MNKD regarding current valuation and fundamentals per se IMO
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Post by peppy on Dec 19, 2017 16:29:17 GMT -5
Yesterdays real time volume, 3,479,010 $2.75 down .06 down 2.13% todays nasdaq real time volume, 2,251,509 $2.56 down .20 down 7.24%
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Post by boca1girl on Dec 19, 2017 17:21:24 GMT -5
Yesterdays real time volume, 3,479,010 $2.75 down .06 down 2.13% todays nasdaq real time volume, 2,251,509 $2.56 down .20 down 7.24% Peppy: What is the technical significance to be below all three moving averages? Where is support?
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