Just be prepared for the unexpected - shorts don't appear to have covered and in fact I am guessing that they may have actually increased their bets; these guys generally are quite savvy and likely may be well connected in rather nefarious ways. In my view, and I listened to the AdCom as many here did, the FDA went in very negative, and the shorts have a point about the potential financial implications of the 3-month extension. Sure, the latest pressure could simply be the typical 'dead-money' games that the delay has enabled, ans/or the shorts are simply betting on a serious market downturn within the next few months, but it is also possible there is something else which emboldens our short nemesis as well.
Best of luck with your new endeavor - greatly appreciated your contributions and look forward to your future 'once-in-a-while' comments.....stay well friend!
Sentiment: Strong Buy
Only people it seems to bother are you short losers. LOL Why would any genuine long object to re-posts which have gotten so many and contain useful information which may not have been seen by those who have initiated a long position recently, or who possibly considering it?
Sentiment: Strong Buy
Agreed, they might go the naked short route, but I suspect it will be brief. I think the shorts have been adding to their position since the AdCom and they almost certainly now have their largest short position ever.
The shorts are in soooo deep at this point - it is looking like they won't even be able to break $6, let alone hold us there. I think they are desperate at this point.
That is a real plus for us, but my worry is that the market is so overdue for a serious retrace. I can't see any reason for such a long delay - I was expecting something along the lines of a 1-month extension.
Absolutely no legitimate reason the FDA would need such a long delay. FDA went into AdCom negative and tried their best to obtain as many negative votes as they could - they were not pleased with the outcome in the least. So, on to plan B. I am pretty sure the shorts are betting they will be able to benefit greatly from a significant marketwide downturn by the new PDUFA date.
Would love to see you guys try and short that news!
The FDA is already in serious hot water and under extreme scrutiny for going against a near unanimous AdCom recommendation not long ago - you think they want a repeat, bringing down the further discredit on their already damaged credibility and sullied reputation? LOL
Seems very unlikely they will risk the firestorm which would develop from about every major national and regional diabetes group in the country. Many influential people in the media, in academia, and even the government are dealing with diabetes - either themselves or with a family member, or they are 'pre-diabetic' and see the writing on the wall. Yeah - Good Luck with your Short Position!
Just a Heads-up for those at all interested is all - not trying to do a soft bash or anything, so please just save it.
Trial results, though of course limited in duration, actually resulted in less lung cancer that would have been expected from a normal slice of the population - not the case with Exubera.
With all the inane empty postings which have flooded the board, combined with the shorts constant barrage of fud and just junk meant to scroll anything of value off the front page, and you are complaining about a few of our all time best posts which show up as a group a few times during the day - if it wasn't for his efforts those posts would have been buried and lost to all but the long time holders. If you have him on ignore anyway, why do you care?
Sentiment: Strong Buy
Seems likely there may be ~ 68 to 72 million short after today. Where did you get that 95M figure anyway?
I listened on FDA Live as well - and I agree the FDA was very negative from the opening bell, they deserve to be bashed and exposed. They only lightened up a bit when one of the panel members, an endocrinologist I think, all but called them unethical for having such a large influence in the trial design (171 I think...though they of course had to sign off on both trial designs), and then to turn around and try and fault MNKD for that very trial design! I was sooo glad to see someone stand up to them and call them on their bias and blatant hypocrisy. I do believe they want went in with the hope and intent to generate as many negative votes as they could - and they were quite taken aback by the almost unanimous positive votes. That agency is as corrupt as they come - captured and treacherous. The patient advocate speakers - 17 of them, I think had a tremendous influence on the panel members. I don't believe for a second that the FDA behavior was simply 'devil's advocate' posturing - I have witnessed them in action too many times over the last 12 years. My biggest fear was that one or two BPs simply picked up the near direct phone to Obama's Chief of Staff and arranged a little quid pro quo deal; remember Obama is right out of the gutter of Chicago politics. I genuinely thank God that justice prevailed, at least at that meeting - I still worry that FDA is still intent on an agenda.
I think the girls B-Team was back on today folks. Oh well, maybe tomorrow.