People sold a lot of positions today.
Expect buying in MNKD next week.
If money is held in non-margin accounts, those sellers today can re-enter positions on Wed.
Looks to me like once we clear 4.60, there's a gap to be filled to 6.50 that goes back to Sept. of last year.
Point and Figure chart has a target of 8.00, also.
I see higher prices from here.....unless the world explodes.....which could happen at any time.
Stay tuned !!!
He owns a good amount of shares. He has 1 million stock options at roughly 1.00 per.
He has an FDA-approved drug that cost 2 Billion to get approved.
Process is approved, production facility approved, NDA has been transferred back from SNY.
Sales force recruited. Training about to begin.
We're a niche company for needlephobes but, because of our superior kinetics, we have the opportunity to be a real game-changer.
It's the best opportunity of this man's professional life.
Good luck to him and we all hope he does well.
I took a look at the chart. Pretty much low-beta.
But, if you're young and patient, it might be a good place to park some cash.
I didn't know this existed...CNCR.
AGEN makes up 3.4% of this ETF.
I just applied this chart to other stocks. The FANG stocks are all below the 70. Only sector with strength now are the gold stocks.
We've moved above it.