Is DEERFIELD Conversion Date August 29th or September 6th? BEST TIME TO BUY MORE SHARES??
It seems the stock is being manipulated lower up to the conversion date, but I see 2 different pieces of information out there. Some are saying this stock manipulation will go on and MNKD will go lower until this Thurs- Friday August 29th/30th and others are saying this stock will go lower until Friday September 6th? What date is accurate and what do you see happening to the price of MNKD over the course of the next 1-2 weeks? I am looking for a low price point to get back in and buy more shares cheap? Do any of you Traders think it will go back down to touch 5 or down to the 200 DMA of $4.50?
Thoughts are welcome on lowest price and best time to rebuy over the next 2 weeks???
I'm long but unfortuenately I believe this stock will see 4.75 before any news. I went ahead and came in though bc the second any positive news is released it will jump back to the 7-8 range, then hopefully keep etching towards 10-12. You don't want to miss the quick pop though.
Regardless of what you come in at (relatively) you will make money when approved or deerfield chooses to convert. ...or lose money if neither happens.