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Post by novafett on Oct 19, 2017 9:02:35 GMT -5
While i'm long on this stock and debating buying more in this sub $4 range, this post does help as a good lesson for tempering the irrational exuberance that comes with a rapidly rising stock price.
"It's shooting up, maybe i should buy more so i don't miss out on the rise!!!"
"OMG i bought at the peak and now it's pulled back 30%!!! How stupid am i?"
Reminds me when it was $0.61 and i said to myself. "The end is near, no way am i throwing away my $ on another share of this stock." LOL.. what a wicked game the market plays.
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Post by boca1girl on Oct 19, 2017 9:35:57 GMT -5
Kent wasn't caught, he was probably part of it. Too bad we don’t have a thumbs down choice on each post in addition to a thumbs up. Uvula, I don’t like to see the price drop either but to say that the COB went short on the stock to protect his $6 pucrchase price is improbable. I can just see the headline now...”COB shorts his own companies’ stock to protect his purchase price in recent purchase transaction.” Do you really belive this or just striking out because the price is falling again and now below $4? |
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Post by orlon on Oct 19, 2017 9:44:31 GMT -5
I'm waiting for sub $2.00. Probably next week. Personally, if I was the COB, and just lost almost half a million in a week, I might be just a bit pissed off.
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Post by babaoriley on Oct 19, 2017 9:49:10 GMT -5
There are many possible explanations for this drama. I, along with others, have offered a somewhat sinister one dealing with raising money. When the stock started rising crazily after the label upgrade, I suggested perhaps another shoe or two were going to fall. Maybe a significant deal that would be possible with the upgrade. Maybe there was one, and maybe it fell out of bed? As far as keeping such things confidential, we all know how well that works in the securities business.
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Post by uvula on Oct 19, 2017 9:52:33 GMT -5
Kent wasn't caught, he was probably part of it. Too bad we don’t have a thumbs down choice on each post in addition to a thumbs up. Uvula, I don’t like to see the price drop either but to say that the COB went short on the stock to protect his $6 pucrchase price is improbable. I can just see the headline now...”COB shorts his own companies’ stock to protect his purchase price in recent purchase transaction.” Do you really belive this or just striking out because the price the price is falling again and now below $4? I nevwr said or implied that Kent shorted the stock. I'm sure he did not. He is a rich guy and very supportive of mnkd. However, he knew his purchase would help drive the stock price up. This is probably why he purchased when he did. He was not doing it for personal financial gain. And maybe it was the right thing to do to help the company survive. This is what I meant by saying that he knew what was going on and was not caught with his pants down like someone else suggested. |
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Post by boca1girl on Oct 19, 2017 9:53:07 GMT -5
There are many possible explanations for this drama. I, along with others, have offered a somewhat sinister one dealing with raising money. When the stock started rising crazily after the label upgrade, I suggested perhaps another shoe or two were going to fall. Maybe a significant deal that would be possible with the upgrade. Maybe there was one, and maybe it fell out of bed? As far as keeping such things confidential, we all know how well that works in the securities business. Hopefully just hit the snooze button rather than fell out of bed. |
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Post by kc on Oct 19, 2017 12:13:28 GMT -5
I'm waiting for sub $2.00. Probably next week. Personally, if I was the COB, and just lost almost half a million in a week, I might be just a bit pissed off. Let's hope he is smart and wise with vision to the long term future of MannKind. He did not buy it to lose money. My bet is there is more to unfold before the end of 2017. But then again I have extreme fantasies that are uncontrolled by hard drugs or liquor.
I have a fantasy date circled. 10/23 and or 10/27 again I'm just a dumb old retail investor.
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Post by kc on Oct 19, 2017 12:16:30 GMT -5
Too bad we don’t have a thumbs down choice on each post in addition to a thumbs up. Uvula, I don’t like to see the price drop either but to say that the COB went short on the stock to protect his $6 pucrchase price is improbable. I can just see the headline now...”COB shorts his own companies’ stock to protect his purchase price in recent purchase transaction.” Do you really belive this or just striking out because the price the price is falling again and now below $4? I nevwr said or implied that Kent shorted the stock. I'm sure he did not. He is a rich guy and very supportive of mnkd. However, he knew his purchase would help drive the stock price up. This is probably why he purchased when he did. He was not doing it for personal financial gain. And maybe it was the right thing to do to help the company survive. This is what I meant by saying that he knew what was going on and was not caught with his pants down like someone else suggested. The market has been very hot and maybe he invested at $6.00 to later sell for a capital loss since he probably has many positions that have HUGE gains in 2017 and prior years. So he took one for the team! But then again this guy is a winner and that would be against his moral and ethical standards. He wants to win on every investment. |
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Post by sportsrancho on Oct 19, 2017 12:31:16 GMT -5
Bought another 50 2020 calls this morning. That will be my last buy for awhile until I roll over my 2018’s after the 1st of the year.
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Post by compound26 on Oct 19, 2017 12:32:58 GMT -5
I'm waiting for sub $2.00. Probably next week. Personally, if I was the COB, and just lost almost half a million in a week, I might be just a bit pissed off. Let's hope he is smart and wise with vision to the long term future of MannKind. He did not buy it to lose money. My bet is there is more to unfold before the end of 2017. But then again I have extreme fantasies that are uncontrolled by hard drugs or liquor.
I have a fantasy date circled. 10/23 and or 10/27 again I'm just a dumb old retail investor.
Come on, orlon , do not use the day-trading mentality to judge Kent Kresa's purchase. Any purchase by him, as chairman of the board, shows his confidence over the success of Mannkind and Afrezza over the long term. His position is down significantly now, but should he care? Probably not much. This will be especially true if he is pleased with what he is seeing at the company (i.e., what Mike and team has been able to achieve day to day). How long has investment taken place? Just a few days. As long as his bullish expectation of Mannkind pans out, he will do fine, actually very well. If in 1-2 years, Mannkind does well and has a market cap, say $2B, Kent Kresa will be tripling his investment. At that time, will it be a problem that his position was once underwater? |
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Post by mnholdem on Oct 19, 2017 16:16:50 GMT -5
In many ways Kent is cut from the same cloth as Al Mann, who put $1 billion of his own fortune into the company. I respect the guy for buying stock.  |
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Post by falconquest on Oct 19, 2017 18:24:37 GMT -5
In many ways Kent is cut from the same cloth as Al Mann, who put $1 billion of his own fortune into the company. I respect the guy for buying stock. Yeah, but this whole run up and dilution feels contrived. It all just feels like manipulation to me. I don't like drastic swings in price like this, it says more about market manipulation than the strength of the underlying security. It's better than downside manipulation but based on the strong surge you had to know that it would correct. This emphasizes the adage that gaps fill. |
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Post by compound26 on Oct 19, 2017 18:49:50 GMT -5
In many ways Kent is cut from the same cloth as Al Mann, who put $1 billion of his own fortune into the company. I respect the guy for buying stock. Yeah, but this whole run up and dilution feel contrived. It all just feels like manipulation to me. I don't like drastic swings in price like this, it says more about market manipulation than the strength of the underlying security. It's better than downside manipulation but based on the strong surge you had to know that it would correct. This emphasizes the adage that gaps fill. Okay. I am way less picky. I am fine with drastic swings. Can someone here please manipulate the PPS all the way up to $20-25 or even $50, the higher the better, even for a day. I will appreciate your help very much. Please do leave a message to me before you plan to do so so that I do not miss the move. |
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Post by falconquest on Oct 19, 2017 19:24:42 GMT -5
Yeah, but this whole run up and dilution feel contrived. It all just feels like manipulation to me. I don't like drastic swings in price like this, it says more about market manipulation than the strength of the underlying security. It's better than downside manipulation but based on the strong surge you had to know that it would correct. This emphasizes the adage that gaps fill. Okay. I am way less picky. I am fine with drastic swings. Can someone here please manipulate the PPS all the way up to $20-25 or even $50, the higher the better, even for a day. I will appreciate your help very much. Please do leave a message to me before you plan to do so so that I do not miss the move. duuuuuuuuuuhhhhh! |
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