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Post by mytakeonit on Feb 12, 2018 21:45:39 GMT -5
As with every cretin ... we just have to learn to walk with a linear fashion ... due to the wedgie.
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Post by peppy on Feb 13, 2018 11:06:58 GMT -5
A possible set up. settin up. an 80 cent potential move that has the potential to (see the weekly) break out of this wedge.
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Post by tingtongtung on Feb 13, 2018 14:11:35 GMT -5
A possible set up. settin up. an 80 cent potential move that has the potential to (see the weekly) break out of this wedge.
, I'm selling some ~2.9x lots to get some cash, and buy back tomorrow at ~2.6x - 2.7x. Wise move? Just trying to reduce my cost basis as much as I can :-) |
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Post by xanet on Feb 13, 2018 14:25:05 GMT -5
A possible set up. settin up. an 80 cent potential move that has the potential to (see the weekly) break out of this wedge.
, I'm selling some ~2.9x lots to get some cash, and buy back tomorrow at ~2.6x - 2.7x. Wise move? Just trying to reduce my cost basis as much as I can :-) We're currently testing resistance at the 100 DMA, so I don't know. If we break and hold, then we will stay above $3.06. If we are repelled, then we might drift back toward your 2.7x range. |
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Post by celo on Feb 13, 2018 14:26:26 GMT -5
There is a small wedge that has set up over the last few days. 3.10 is the breakout point. If it goes up above 3.35, we will have broken through the wedge created by the last two run-ups. Currently drifting down again after hitting close to top of wedge. www.tradingview.com/x/xa0siDDt/www.tradingview.com/x/ZKxaR2Gp/ |
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Post by celo on Feb 13, 2018 14:31:53 GMT -5
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Post by awesomo on Feb 13, 2018 14:40:50 GMT -5
A possible set up. settin up. an 80 cent potential move that has the potential to (see the weekly) break out of this wedge.
, I'm selling some ~2.9x lots to get some cash, and buy back tomorrow at ~2.6x - 2.7x. Wise move? Just trying to reduce my cost basis as much as I can :-) Careful, selling at a loss and buying back within 30 days triggers a wash sale, which won't lower your cost basis at all (the loss will be absorbed into the cost basis). |
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Post by tingtongtung on Feb 13, 2018 15:01:03 GMT -5
peppy , I'm selling some ~2.9x lots to get some cash, and buy back tomorrow at ~2.6x - 2.7x. Wise move? Just trying to reduce my cost basis as much as I can :-) Careful, selling at a loss and buying back within 30 days triggers a wash sale, which won't lower your cost basis at all (the loss will be absorbed into the cost basis). Hahaha - thx! If you have been holding MNKD for the last 5+ years (like most of us), you will know almost all of those scenarios :-) Sold my 2.8x, 2.9x lots at 3.0x. Will get back in at 2.6x - 2.7x. If lucky 2.4x. I have to get some money from this investment, and reduce my cost basis.. I *envy* every single new person who is buying MNKD now, without any baggages.. |
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Post by buyitonsale on Feb 13, 2018 15:13:45 GMT -5
Selling high and buying back low definitely reduces the cost basis. You will either be left with extra $ in the account or can buy more shares with the proceeds. Wash sale only matters for someone that is concerned about taxes and offsetting other gains ... I wish I had guts to sell in the 6s and buy back in 2s... but there is no way to be certain about the price movement, especially in this stock  |
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Post by boca1girl on Feb 13, 2018 15:51:09 GMT -5
Selling high and buying back low definitely reduces the cost basis. You will either be left with extra $ in the account or can buy more shares with the proceeds. Wash sale only matters for someone that is concerned about taxes and offsetting other gains ... I wish I had guts to sell in the 6s and buy back in 2s... but there is no way to be certain about the price movement, especially in this stock The beauty of hind site. Too bad we don’t have crystal balls. How many of us thought it would return to the 2’s after the 10m share sale at $6? Maybe a few were lucky. |
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Post by celo on Feb 13, 2018 15:59:02 GMT -5
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Post by mytakeonit on Feb 13, 2018 16:54:53 GMT -5
So many mentions of wedgie lately ... seems like people are egging me on to say something. Ha!
My main concern is that peppy raised my $3.25 by Friday or sooner statement ... by raising the pot by 80 cents. Hmmm ...
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Post by sla55 on Feb 13, 2018 17:08:13 GMT -5
So many mentions of wedgie lately ... seems like people are egging me on to say something. Ha! My main concern is that peppy raised my $3.25 by Friday or sooner statement ... by raising the pot by 80 cents. Hmmm ... My thought exactly! I was wondering how long it would take you...  |
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Post by mytakeonit on Feb 13, 2018 17:58:09 GMT -5
Sla ... if you aren't receiving my emails ... that means that you haven't sent in your $20 yet. Oh for shame!!!
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Post by mytakeonit on Feb 13, 2018 18:08:00 GMT -5
Okay, let's get off of this wedgie thing ... that I don't understand anyway ... and I'll reiterate my prediction of getting baba his $6 by the end of February. So, not only did I by pass the wedgie ... but, I'm throwing in one cheek into the pot. BTW, the wedgie was something physical ... right? And not just things she sees in those graphs? I mean it can't be real since she started off by saying a dragon was appearing and ...  Wait, was it me that mentioned that? Nevermind ! |
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Wait, was it me that mentioned that?