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MannKind Corp. Message Board

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  • techtrader79 techtrader79 Aug 28, 2012 8:21 AM Flag

    Anyone else sense nervous shorts?

    You're assuming that company fundamentals are unrelated to technicals, I'm not. I don't believe it's a coincidence that the stock has been moving up, completed a golden cross, and crossed above it's 200DMA. Typically activity like this is driven (behind the scenes) by news leaking over time. I see technicals as a leading indicator of news to come, it's a predictor IMO of news leaking. That's just my view.

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    • Well it's interesting if nothing else. I just can't seem to put any faith in it. It seems like every time you turn around someone is seeing a certain "trend". It's a golden cross, or a reverse head and shoulders, or...or...or.

      I know that people do trade based on TA making it a form of a self fulfilling prophecy. I just prefer to wait for the news. I know that means Im not the first guy on the boat, but it saves nasty surprises.

      I've been waiting for a dip in anticipation of a large dilution so I can load the boat, but that doesn't seem to be coming. I guess I'll have to start scaling in gradually. Better to get in at $2.60 then $3.50 I guess. I still hope it drops to $2.00 so I can load up.

    • gabrunson Aug 28, 2012 8:30 AM Flag

      Shorts trying to remain calm in this period but trying to figure a way out before MNKD makes an announcement. Look for another .20 move up today...

      Sentiment: Buy

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