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Post by bospenc on Jun 27, 2014 14:48:26 GMT -5
Anyone?
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Post by bospenc on Jun 27, 2014 14:51:21 GMT -5
buy the rumor sell the news?
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Post by jpg on Jun 27, 2014 15:07:31 GMT -5
Simply because they know they can make a short term buck doing this and hoping those with the $ to stop it will let it go on long enough to make a few $ themselves...
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Post by ezrasfund on Jun 27, 2014 15:08:43 GMT -5
Damn, that was fun, trying to grab a few Jan '15 $5 calls on the plunge. I could have done a lot better, but I don't have much practice. That was a bear raid in the disguise of "sell the news" IMO.
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Post by babaoriley on Jun 27, 2014 15:12:48 GMT -5
Really wasn't sufficient time to do much, I wish they had not announced till after the close, then could have been so much better prepared for Monday morning. I did as much button pushing as I could, but more to be done.
This sell off should not be a complete surprise to anyone here - many predicted it. While disappointing, this is not surprising. Heck, I even thought we'd get more than about 3 minutes of the stock jumping up, but there are strong, strong forces at play in a situation like this. A few shorts have already covered, as you can see by the recovery. Many potential longs were long gone for the weekend.
Monday will be a dog fight!!! And how many articles will be written this weekend? You know where the adverse, nasty ones will be coming from. Wow, the humanity!
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Post by ezrasfund on Jun 27, 2014 15:25:28 GMT -5
Was the news leaked to try and create a moment of chaos? There is no official announcement yet from MannKind in my mailbox, and I do not see the usual company press release.
And you can be sure no one had a chance to carefully evaluate the implications of the label before that bear raid.
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Post by chmith27 on Jun 27, 2014 15:45:22 GMT -5
yeah ezra i'd be interested to know who, in the long run, benefits most from that chaotic blur. i think this one will lhave to be figured out in hindsight as baba has eluded to - there are so many angles/forces in play right now. it's like a movie where you think you know what is good but then that turns out to be bad but later good and before you know it you are rooting for the guy cooking the blue meth.
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Post by 4allthemarbles on Jun 27, 2014 16:46:00 GMT -5
yeah ezra i'd be interested to know who, in the long run, benefits most from that chaotic blur. i think this one will lhave to be figured out in hindsight as baba has eluded to - there are so many angles/forces in play right now. it's like a movie where you think you know what is good but then that turns out to be bad but later good and before you know it you are rooting for the guy cooking the blue meth. Funny... |
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Post by rak5555 on Jun 27, 2014 17:05:20 GMT -5
According to Schimmer at Leerink, reason it went down is because there is no stated benefit in form of reduced hypos on label, instead a warning. My guess is this will be changed over time w/ new partner funded studies, along w/ weight loss and disease reversal. Funny thing w/ geniuses, they are usually right in the long run. Right Al?
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Post by ashiwi on Jun 27, 2014 17:15:56 GMT -5
Think about all those poor souls who got stopped out in the 8's and 9's only to come home and see that they no longer owns a stock that is in the 11's.
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Post by kc on Jun 27, 2014 17:24:26 GMT -5
There will still be lots of days and pumpers and dumpers...... But I like the $11.05 trading still tonight with 38,100,000 shares today. Got another 2000 shares today......I am happy.
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Post by biotec on Jun 27, 2014 17:24:42 GMT -5
Think about all those poor souls who got stopped out in the 8's and 9's only to come home and see that they no longer owns a stock that is in the 11's. I thought the samething, Thats why in a biotech stock with a fda pending I never use a stop loss less the 50% stock price. Like you said allot of folks kicking themselves.Wow just think about it, If you was long 3 plus years and you get home to see your stock sold! That must suck. |
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Post by 4allthemarbles on Jun 27, 2014 17:27:59 GMT -5
I don't mess around with the stop loss orders anymore- flash drops have hurt in the past. I remember the day MNkD went under $2 and I had stop loss in. That hurt.
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Post by BD on Jun 28, 2014 1:43:37 GMT -5
OMG, you NEVER NEVER NEVER use stop losses with biotechs. NEVER. Because if you look up "flash crash" in the dictionary, it says, "See biotech stocks"
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Post by jpg on Jun 28, 2014 7:43:37 GMT -5
I don't mess around with the stop loss orders anymore- flash drops have hurt in the past. I remember the day MNkD went under $2 and I had stop loss in. That hurt. Thank you for those cheap shares!  JPG PS: a few investors I know just found out they no longer have Mannkind shares (sold below 9) and are seeing approval and an end of trading price of 10$.. Hopefully they don't look at after hours... Stop losses are a perfect way to capture downside while avoiding any upside. They should never be used in biotech. |
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