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Post by ladyleecookies on Oct 8, 2017 15:44:56 GMT -5
Hi all! I've owned MNKD stock for about 8 years now....but I'm just a TINY little player in the game and don't know that much about stocks... so be gentle  .... I currently own 600 shares (some bought before the split, and some bought last week, etc.). My break even point is now $8.49.... Since I don't own TONS of shares, would it be reasonable for me to purchase more shares (400---  ?) since I'm not in the break even point of $20 like a lot of you are? If I bought 400 more shares tomorrow at $5, my break even would be in the 7's. Please help :-) And I don't know much about the reverse split, does that mean that we would all have back the shares they took away from us? |
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Post by derek2 on Oct 8, 2017 18:25:48 GMT -5
Hi all! I've owned MNKD stock for about 8 years now....but I'm just a TINY little player in the game and don't know that much about stocks... so be gentle .... I currently own 600 shares (some bought before the split, and some bought last week, etc.). My break even point is now $8.49.... Since I don't own TONS of shares, would it be reasonable for me to purchase more shares (400--- ?) since I'm not in the break even point of $20 like a lot of you are? If I bought 400 more shares tomorrow at $5, my break even would be in the 7's. Please help :-) And I don't know much about the reverse split, does that mean that we would all have back the shares they took away from us? MNKD remains a high risk / high reward investment. It's your money, and we don't know how much a loss of $2K (for another 400 shares) would affect you. 1. Nobody knows how this will all turn out. Some paint belief as fact, but this is a volatile stock. You could make some money or lose some money from here. 2. Reverse split - those shares are gone forever. The stock got repriced by the market after the R/S to compensate. 3. What percentage of your investments are in speculative biotech or first-product companies? Maybe there's room to add. 4. Other people's break-even shouldn't influence you. It's your money. That said, I'm pretty optimistic after years of being very bearish and very bitter. Why? 1. Better management team in place (less operational risk) 2. Improved balance sheet (less financial risk) 3. Improved label and 2 of 4 post-marketing requirements signed off (less regulatory risk) I would never encourage anyone to make this a major holding, but high risk / high reward has a place in an investment strategy. |
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Post by boytroy88 on Oct 8, 2017 18:26:21 GMT -5
I think someone has already addresed the reverse split (RS) but to recap you did not lose any shares per se during the RS. The share price was increased in proportion to the reduction of shares (100 shares became 20 shares but the share price was multiplied by 5). As to whether you should buy any more shares that depends on your risk tolerance and whether you mind losing all the money invested.
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Post by falconquest on Oct 8, 2017 18:47:48 GMT -5
If you're intent of buying more shares based on the information provided above I would not be in a hurry. This stock has taken a sizeable jump up in price and that usually means some profit taking will take place at some point and the price will come back down. I would hate to see you purchase more shares only to get that pull back in price afterward. Be patient with the market. Once the company has better fundamentals in place then the share price should make a gradual and steady increase up. But having said that, please take this advice with a grain of salt.
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Post by ladyleecookies on Oct 8, 2017 18:52:27 GMT -5
Thanks guys, I appreciate all the feedback. I understand the reverse split now, I guess was just looking for advice on what to do from here. It's more-so "fun" money that I would be investing so since I've been with this company so long, I will probably buy more soon, but agree with the above comment. Appreciate all replies |
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Post by peppy on Oct 8, 2017 18:54:02 GMT -5
buy whatever you can afford and hold on tight.
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Post by Deleted on Oct 8, 2017 19:02:21 GMT -5
Hi all! I've owned MNKD stock for about 8 years now....but I'm just a TINY little player in the game and don't know that much about stocks... so be gentle .... I currently own 600 shares (some bought before the split, and some bought last week, etc.). My break even point is now $8.49.... Since I don't own TONS of shares, would it be reasonable for me to purchase more shares (400--- ?) since I'm not in the break even point of $20 like a lot of you are? If I bought 400 more shares tomorrow at $5, my break even would be in the 7's. Please help :-) And I don't know much about the reverse split, does that mean that we would all have back the shares they took away from us? Currently, I am the most optimistic I have been since Sanofi and Mannkind partnered. And well, we all know that story...But. IMO the biggest overhang is the cash situation. If that gets resolved we are off to the races. Additionally, this stock has been in a depressesed state for the better part of a year and a half, so (again my opinion) we have A LOT of catching up to do in terms of share price. Lastly. The nature of MNKD stock is one where ANYTHING can happen. For the time I have owned it, there has never been a time where I can say I know exactly where it will go next. Last week probably surprised many. For predictabe stocks: MO and JNJ do it for me. I am looking to add more as I am an eternal optimistic. When my chance is here, I will know. But after this run up. I also think like Falconquest, we will probably see some profit taking this week. Then again... |
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Post by mytakeonit on Oct 8, 2017 19:06:51 GMT -5
buy whatever you can afford and hold on tight. I agree with this plan. But, if the price goes down ... buy a Long Island ice tea and sip it. Your troubles will disappear. And, if the price goes up ... buy 10 Long Island ice teas. Because the parrrrtttty will have just started !!! |
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Post by sportsrancho on Oct 8, 2017 19:19:02 GMT -5
Thanks guys, I appreciate all the feedback. I understand the reverse split now, I guess was just looking for advice on what to do from here. It's more-so "fun" money that I would be investing so since I've been with this company so long, I will probably buy more soon, but agree with the above comment. Appreciate all replies Buy in two increments. Wait to see what happens tomorrow. If we don’t head up, wait. If we get down to 4.50 I would buy. If we take off I would buy. It’s not going to matter in the long run:-) People will worry all the way up. We'll get runway money and they will still worry. There will be people bashing. Shorts crying.... But you know what you own. You have done really great holding on! GL |
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Post by peppy on Oct 8, 2017 19:28:15 GMT -5
Thanks guys, I appreciate all the feedback. I understand the reverse split now, I guess was just looking for advice on what to do from here. It's more-so "fun" money that I would be investing so since I've been with this company so long, I will probably buy more soon, but agree with the above comment. Appreciate all replies Buy in two increments. Wait to see what happens tomorrow. If we don’t head up, wait. If we get down to 4.50 I would buy. If we take off I would buy. It’s not going to matter in the long run:-) People will worry all the way up. We'll get runway money and they will still worry. There will be people bashing. Shorts crying.... But you know what you own. You have done really great holding on! GL good advice. With any luck 4.50 is a price of the past. $5.88 A 15 min chart, showing the two dollar price consolidation. MNKD is trending.
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Post by joeypotsandpans on Oct 8, 2017 21:55:08 GMT -5
Thanks guys, I appreciate all the feedback. I understand the reverse split now, I guess was just looking for advice on what to do from here. It's more-so "fun" money that I would be investing so since I've been with this company so long, I will probably buy more soon, but agree with the above comment. Appreciate all replies  |
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?) since I'm not in the break even point of $20 like a lot of you are? If I bought 400 more shares tomorrow at $5, my break even would be in the 7's. Please help :-) And I don't know much about the reverse split, does that mean that we would all have back the shares they took away from us?
