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Post by orlon on Oct 18, 2017 8:56:46 GMT -5
This appears to a lot more than short selling. One long term holder quit and sold a couple of weeks ago said something to the effect that this isn't a company you invest in, it's a stock that's manipulated solely for financial gain. I'm beginning to agree. I should have sold when it hit $6.71, but silly me, after all these years of believing in the company I'm now resigned to the fact that it's going nowhere.
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Post by madog365 on Oct 18, 2017 9:04:08 GMT -5
Stop the presses! Did you just allege that MNKD is a highly manipulated stock?
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Post by standup on Oct 18, 2017 9:36:23 GMT -5
One day in the not so distant future you'll look back and this price drop will look minuscule on a stock chart. Don't get caught up in the daily price movements.
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Post by casualinvestor on Oct 18, 2017 10:14:40 GMT -5
Some profit taking is expected now that momentum has waned. And there are not going to be a lot of new buyers for a stock that just went up 200%, then dropped 30%, without news. It's an environment ripe to be driven down a bit by the usual suspects
I wonder what threshold of script growth will be needed to drive up the floor on this stock's variations significantly.
I'm not selling of course. I have never been able to predict when this stock has jumped in the past.
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Post by cjm18 on Oct 18, 2017 10:27:46 GMT -5
Perhaps the downward pressure will subside as the earnings call gets closer. Earnings call could be a positive news source and may attract some buyers prior to the call and hopefully detract shorts too.
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Post by babaoriley on Oct 18, 2017 10:33:45 GMT -5
I'm sure many of you watched the series "24" - and if you did, I'm sure you were in on the running joke about setting a perimeter around a location where the bad guy or guys are hold up. And, naturally, the bad folk would always sneak out. Well, about three weeks ago we set a perimeter around the shorts....
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Post by kc on Oct 18, 2017 10:44:09 GMT -5
I'm sure many of you watched the series "24" - and if you did, I'm sure you were in on the running joke about setting a perimeter around a location where the bad guy or guys are hold up. And, naturally, the bad folk would always sneak out. Well, about three weeks ago we set a perimeter around the shorts.... Interesting thought. We know that 61 Million in share were sold for $6.00
Something will eventually catch the shorty's with their pant's down....Even Harvey W. Got caught.
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Post by factspls88 on Oct 18, 2017 10:50:40 GMT -5
Doesn't help that we have monthly options expiration this week. --50 cent increments force big downward pressure.
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Post by cjc04 on Oct 18, 2017 11:03:33 GMT -5
Go look at a monthly chart for the first half of 2013... looks nice!!!!
Now look at the same time period with a daily chart. Hopefully that's enough said.
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Post by seanismorris on Oct 18, 2017 11:13:35 GMT -5
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Post by kc on Oct 18, 2017 11:44:12 GMT -5
how many years away? I like the idea of losing weight on it. |
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Post by wgreystone on Oct 18, 2017 11:56:47 GMT -5
The fall is nothing surprising. The ultimate support of stock price is script count. The good thing is the company raised capital almost at the top of this rally. I wish the company raised more like selling 20m shares instead. That would put better flooring for the stock price.
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Post by seanismorris on Oct 18, 2017 12:01:06 GMT -5
how many years away? I like the idea of losing weight on it. My guess... 1-2 years. “Davies said phase 3 trials of the pill are already well under way.” The pill is obviously not a mealtime insulin, so not a direct competitor to Afrezza. But NVO may have a winner with this one. Metformin use may take a big hit after the pill is introduced. It will interesting to see what the pill will cost... I imagine the artificial pancreas efforts will take a hit, they may be the biggest looser from this development. (CGMs are fine) |
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Post by BD on Oct 18, 2017 12:03:35 GMT -5
What I like is the steady stream of positive events - label, insider buys, patents, ... how long has it been since we've seen that sort of phenomenon with MNKD? Of course the PPS is going to be wacko, it's MNKD, and even if it weren't, that's how stocks work. I just bought some more today.
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Post by mockingjay on Oct 18, 2017 13:09:58 GMT -5
I sold 80% of my holding already (average down too) , thanks for the rapid rise, so I can recover alot of my money already pewffff ..
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