Huge short interest, Goldmans immovable 2 dollar price target along with Adam F playing the role of the analyst of doom oh how many times have I seen the manipulators run this same scam over and over. It's the stock markets version of three card monte. They keep doing it because it keeps working. Note that there is is only one lowball price target and only one analyst of doom, thats all you need, any more can screw up the scam.
All manipulative shorts know this and they all collude accordingly.
An earnings miss, meaningful or not, for a startup company is a 15% haircut.
A patent challenge, valid or not, is a 20% haircut.
A 10% move up in price in pre or post market on very low volume and no news means stop shorting.
There are many other unwritten rules thats how shorts can organize and collude with forceful effect. Longs are very disorganized with no such rules that's why it's so easy for shorts to scatter longs at any time.
Nothing shorts like better than selling the same news over and over. The sell algos don't know that it has already been priced in all they see is the headline. I would advise MNKD manaagement to refrain from providing daily updates on the dilution.
Shouldn't it be the other way around? The small more nimble operations are getting rich while OMEX shareholders are going bk. And small operations are having great fun with no legal issues either. OMEX shareholders are having no fun at all, and they have no idea what legal issue will hit them next because they are the last to receive information.
Trump takes his huge risk free salary just like MNKD management and when the project goes bankrupt Trump says it was a huge success FOR HIM. I am really getting tired of shareholders getting played like this the only way to make it stop is for shareholders to say ENOUGH to step aside and let share price sink to zero so the market capitalization carcass cannot be continually fed on by management with share bonuses and stock options.
It makes no sense for manipulation to end now, when there are so many MNKD shares that can be sold for a tax loss. The shorts need these tax loss selling shares, each and every one of them. If manipulation ends now, then those MNKD shares are held and the shorts get none of them.
You watch, I am right. December 15. It is built into the manipulation algorithms..
The shorts will keep MNKD price depressed until year end tax loss selling starts, which is only a few more weeks. Then their short covering will become obvious as a bottom sometime around December 15 but no one will be paying attention around Christmas.
MNKD is highly manipulated so it makes perfect sense the price is prominently displayed to the crooks at all times so they all know when to hose the price down.
Either Afrezza sales will have to go ballistic or a new blockbuster deal is needed to whack investors across the head with a 2x4 and wake them up. "News floating around" doesn't do anything for the share price, if you need an example just look at Greece, news was "floating around" there forever and it took the banks closing to to whack people across the head with a 2x4 and motivate them to go the bank to get their money out. They were too late, just like investors waiting for the "all clear signal" on MNKD will be too late to start an investment here. Its just human nature, people just can't being themselves to pull the trigger until it is too late.
I only mention it because back in 2011 CNBC was obnoxiously pumping MCP daily at the same time they were flinging poo at PANL/OLED. At that time MCP recently had an IPO which goes to show CNBC is not about the long-term quality of an investment, it is more about catering to big money traders.
Saw that, the driver could turn it on or it automatically turned on when someone got close enough to pass. Maybe it will be an option for large vehicles .... can you imagine how much "tailgaters" in an NFL parking lot would desire a large OLED TV on the back of their vehicle? The possibilities here are endless.
" .... being allied with these giants has been great for OLED stock over the last few years"
I remember shorts manipulating OLED over the last few years and making things miserable, not great, for longs, except for the last few months. I guess this is how they write the criminal short manipulators out of the OLED story forever, like they never even existed.
Look for shorts to fabricate a trading range at some point in the near future. The intent will to be to bore the new money that entered MNKD and encourage them to sell for something else more exciting for the day. You will be hearing "trading range all summer soon". This is how shorts plan to get out.
Show the shorts no mercy they need be taught a lesson.
I did not have to look at OPK chart to know see the hedge funds did not release OPK and allow it to rise until the end of their fiscal year when fund manager got their 20% profit cut on shorts and hedge manager put that money in their personal bank. Now hedge fund shareholders are eating losses, not the hedge find manager he is collecting his 2% fee now.. End of year is probably the time to look for MNKD price to rise, shorts have too many tools to keep this hosed down until then.
110 million is gross overkill, like using an anti aircraft gun for an execution.
Lets see where price settles when shorts get reduced to a more reasonable 30 million.