This have become such a crowded long trade. In the history of MNKD it has never ended well. The chart is a screaming sell. I think people get wrapped up too much in the hope and dreams instead of looking at both sides of the coin. Has it had a great run? Of course. Its been a great long play. Does the chart scream sell for now. It sure does. Trade it, don't fall in love with it. I bought puts today (8 Jul put for 1.50) on the bounce after the crash. This should at very least test todays low of 5.70. Last solid support was low 4s.
Blow it out yer kazoo moron..some of us are up 2 to 3 million with options and stock value combined from the 1.60 range. Trade this clown. Holding till approval. For superior gains.
This Board should be for INVESTORS only. Short term traders don't need to be here, especially Day Traders. Investors become multi-millionaires and billionaires, the rest of you folks we "investors" do not care about.
Very few stocks after 2008 are available for investing. The hedge funds and other folks with money are day and swing trading. You and I see investment but the guy with money can take this and other stocks like this down in a heart beat. these stocks are touted and pumped then dumped and you and I are left as bag holders. It is a mindset and a herd lesson to learn but you have to learn to trade.
Exactly what I mean as crowded. I was around last time MNKD was going to change the world ... then it fell to 2 bucks. Wonder how those investors are doing. Best of luck to all. Guess we will see how it plays out.
We "investors" are doing great. Most of us got in on the $2.00s and/or bought a #$%$ load of CHEAP Calls for January 2014 and 2015 (with a nice put for protection in case of the 5% chance there is no approval). We are still way up, and those that bought in at higher prices are still assured of a nice run up from AUGUST TO APRIL (2014)!! Ha-Ha-Ha.
"Traders" won't do well on this stock. That's why you got stuck in #$%$ like BIOD. Besides, didn't DNDN's chart scream sell when they bear raided it before trial results, only to double from there? As a "long time trader" I'd think you know what a bear raid is.
"Investors" don't do well on this stock either with an IPO price over 14 in 2004. As a long term "Investor" I would think you would "Invest" in companies that actually had earnings and a product on the market. I don't think you know what an "Investment" is, or a rolled over chart for that matter.