yup he's a whiner on the mnkd ymb -i've told you in the past kev to pull the damn rope for christ's sake
Nah - in comparison to MNKD (FDA approval and Sanofi partner), this PUMA frenzy over a phase III result - and with no approval yet? Come on, this is not something that is rational.
The potential for MNKD's Affrezza is huge. You blame everything on the PR - really? But the reality is they have a hugely important drug (for the 21st century American slob) that is approved and a 800 lb gorilla partner. Once they start posting sales growth - I think someone holding MNKD long will do well. Just my opinion.
Yeah check out the rabid pumping over on the INO message board. Wow. Just for shites and giggles - go throw out a slightly questioning comment about INO's technology on the MB - then sit back and wait for the barrage of hate . You certainly stumble across biotech cults in here sometimes.
Stocks that are mostly held by institutions are able to break nicely with big sp movement like recent PBYI or AVNR . Our MNKD is own mostly by insiders and small investors so big boys don't like that that's why they attack SP on daily bases and manipulate it and they are winning so far the battle but stay hopeful that we will win the war. The question is not when?
Same thing happens today 9/16/14. PBYI is down from 2 to 7 dollars all the time from 9:30am. Suddenly after 1pm only 2 blocs about 1500 shares raise price up 2.14 and just stay there. This manipulation is so ridiculous.
Puma Market Cap Is Now $8.7 Billion on positive Phase III results alone vs. Mannkind $2.4 Billion Market Cap. PUMA has an effective PR department doing a great job promoting the company's value and creating shareholder value.
I've been following this stock since its big move and it moves up on next to no volume most of the time. I've never seen anything like it. What I have noticed is that there are usually large option purchases (calls) before most of these low volume/big dollar moves. That indicates it is most likely a hedge fund or a market maker who is making money on the options, but using the stock to provide the fuel. They also may have marching orders not to let the stock dip below a certain price because those funds who have bought in after its explosive move do not want their investment to blow up on them. Finally Alan Auerbach (CEO) doesn't want his billion dollar pay day to vanish on him.
Sentiment: Strong Sell
It looks like anyone who is holding either side is missing the big swing play throughout the day.
There has got to be me to it than that. From the low at 12:30 today, the amount of shares that moved it up $15 is hardly anything. If I was long, I would be wary. It just doesn't trade like most high volume stocks. That makes me think. Just while I typed this it moved $3 on nothing.
They have to hold it up because so many shares were bought above $200. If this doesn't get sold at a market cap of $7 bill.+, any fund who bought in will take a bath.
I agree......The bargaining chips are on the bog Pharma's side. I would assume that the market capp in the stock has little bearing to the final sales price if it ever get there.
Sentiment: Strong Sell