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Post by peppy on Apr 9, 2018 16:38:17 GMT -5
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Post by derek2 on Apr 10, 2018 8:42:43 GMT -5
.... and bought more at $1.67
Have tripled my position since converting from call to equity. Time will tell, but if Mike delivers on his narrative, I'm content to average down.
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Post by dreamboatcruise on Apr 10, 2018 13:05:24 GMT -5
.... and bought more at $1.67 Have tripled my position since converting from call to equity. Time will tell, but if Mike delivers on his narrative, I'm content to average down. I also bought some today ($1.70)... though relatively small amount compared to the position of shares and Jan 2019 $1 strike calls I already had. I wouldn't care to predict whether we go down further before going up, but either way I'm comfortable with spreading out some buying. I had been waiting for this round of financing as I figured that was going to be a somewhat painful proposition. Very glad I did the wise thing and sold my May calls back when they were in the money when we were above $3. Using profits from that to buy now. |
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Post by awesomo on Apr 10, 2018 13:12:24 GMT -5
I'm starting to buy under 1.70 as well. I'm thinking we're kinda locked here for a bit, with consistent downwards pressure.
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Post by sportsrancho on Apr 10, 2018 13:23:37 GMT -5
I don’t see any reason for the shorts not to cover now, we diluted, there’s only good news on the horizon. Assuming scripts keep moving up. There’s a good possibility we can squeeze through to the end of the year...why would they want to pay all that interest?
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Post by dreamboatcruise on Apr 10, 2018 13:32:26 GMT -5
I don’t see any reason for the shorts not to cover now, we deluded there’s only good news on the horizon. Assuming scripts keep moving up. There’s a good possibility we can squeeze through to the end of the year...why would they want to pay all that interest? I think further dilution is almost inevitable this year. I'm hoping that positive momentum will allow it to happen at prices higher than where we are. Still certainly some risk. If we drop much further (even if simply part of overall market nastiness) then we start getting into territory where the the 20% restriction on discounted PIPE offerings would make it difficult to fund the burn rate. Maybe we get close enough to $1 to raise the specter of delisting again. I'm betting against the shorts at this point and doing some buying, but can see where they may still view their position as having legs. Think of how many times over the years someone here has made the statement that they couldn't understand why shorts weren't covering... and at share prices multiples above where we are now. |
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Post by awesomo on Apr 10, 2018 13:35:08 GMT -5
I don’t see any reason for the shorts not to cover now, we deluded there’s only good news on the horizon. Assuming scripts keep moving up. There’s a good possibility we can squeeze through to the end of the year...why would they want to pay all that interest? Future dilution is a strong reason and if shorts don't believe in any actual catalysts within the next few months, it will happen again. We're down 30% since the announcement. Scripts have shown they don't move the PPS (up or down). So unless there is a huge jump, that's not going to matter. |
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Post by sportsrancho on Apr 10, 2018 13:46:18 GMT -5
I don’t see any reason for the shorts not to cover now, we deluded there’s only good news on the horizon. Assuming scripts keep moving up. There’s a good possibility we can squeeze through to the end of the year...why would they want to pay all that interest? I think further dilution is almost inevitable this year. I'm hoping that positive momentum will allow it to happen at prices higher than where we are. Still certainly some risk. If we drop much further (even if simply part of overall market nastiness) then we start getting into territory where the the 20% restriction on discounted PIPE offerings would make it difficult to fund the burn rate. Maybe we get close enough to $1 to raise the specter of delisting again. I'm betting against the shorts at this point and doing some buying, but can see where they may still view their position as having legs. Think of how many times over the years someone here has made the statement that they couldn't understand why shorts weren't covering... and at share prices multiples above where we are now. I know but it wasn’t me. This is the first time I can remember feeling this way. |
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Post by dreamboatcruise on Apr 10, 2018 14:04:48 GMT -5
I think further dilution is almost inevitable this year. I'm hoping that positive momentum will allow it to happen at prices higher than where we are. Still certainly some risk. If we drop much further (even if simply part of overall market nastiness) then we start getting into territory where the the 20% restriction on discounted PIPE offerings would make it difficult to fund the burn rate. Maybe we get close enough to $1 to raise the specter of delisting again. I'm betting against the shorts at this point and doing some buying, but can see where they may still view their position as having legs. Think of how many times over the years someone here has made the statement that they couldn't understand why shorts weren't covering... and at share prices multiples above where we are now. I know but it wasn’t me. This is the first time I can remember feeling this way. I had an illusory moment when we had the run up to last year's PIPE of believing that something significant had changed. Fortunately I couldn't convince myself enough to throw a lot of money at it. Will likely be looking for more opportunities for options straddle position. I guess I still view the risks as being significant enough to pay a bit for some insurance. Though today's buy was simply shares with no hedge. |
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Post by rombic33 on Apr 10, 2018 15:06:41 GMT -5
As of 4 pm 992.286 shares bought and 1.036.386 sold
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Post by mytakeonit on Apr 10, 2018 15:46:56 GMT -5
Take cover !!! Take cover !!! Too late ... not enough shares are available. If shorts didn't cover at 82 cents ... I don't know why they would cover now.  Except maybe now, they may feel this never ending "Doom" in the air. |
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Post by centralcoastinvestor on Apr 10, 2018 16:01:35 GMT -5
I don’t see any reason for the shorts not to cover now, we diluted, there’s only good news on the horizon. Assuming scripts keep moving up. There’s a good possibility we can squeeze through to the end of the year...why would they want to pay all that interest? I still believe there is more to the story than just normal shorting. There have been many times I felt that the short position didn’t make sense from a risk perspective. Yet, even when it made perfect sense for them to cover and declare victory, they shorted more. I still suspect that there is at least some shorting intended to hurt the company no matter what the cost. JMHO from years of watching the shorts beat the crap out of this stock. |
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Post by brotherm1 on Apr 10, 2018 16:16:10 GMT -5
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Post by babaoriley on Apr 10, 2018 17:09:46 GMT -5
I don't know about the rest of you guys, but we're on our way! Look at the share price the last three days: (.59) (.10) and today, (.03). That's like a reusable rocked coming back down to its launch pad, we should touch down tomorrow, refuel and then ready for the next launch. I'm sure Peppy has heard of this type of technical trading pattern, recently named the "SpaceX," for obvious reasons. I'm so happy that I keep losing less and less each day (I'll tell you, I took quite a wallop on Friday)! It's a feeling of strength, of confidence, of freedom! DBC, did you have another illusory moment when you thought you bought some MNKD stock recently? I would suggest that if we go green tomorrow, you indulge in an illusion wherein you sell those shares!  |
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Post by peppy on Apr 10, 2018 17:29:54 GMT -5
I don't know about the rest of you guys, but we're on our way! Look at the share price the last three days: (.59) (.10) and today, (.03). That's like a reusable rocked coming back down to its launch pad, we should touch down tomorrow, refuel and then ready for the next launch. I'm sure Peppy has heard of this type of technical trading pattern, recently named the "SpaceX," for obvious reasons. I'm so happy that I keep losing less and less each day (I'll tell you, I took quite a wallop on Friday)! It's a feeling of strength, of confidence, of freedom! DBC, did you have another illusory moment when you thought you bought some MNKD stock recently? I would suggest that if we go green tomorrow, you indulge in an illusion wherein you sell those shares! I can't figure out why the board likes you. |
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Except maybe now, they may feel this never ending "Doom" in the air.
