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.
CNBC will not report positively on MNKD because there are too many shorts in MNKD. One peep of something positive from CNBC would double or triple the stock and the shorts will simply not allow that risk so they've taken steps to prevent it. I base this on my recent experience with OLED, a highly shorted, now highly successful disruptive business now very profitable and poised for explosive growth not unlike MNKD, CNBC has not reported positively on OLED for ten years even though shareholders have ten bagged plus this stock. CNBC is a useless station, nothing new to be learned there.
OLED shorts just got routed the last couple months with no story from CNBC. I expect MNKD to be an easy ten bagger from here without CNBC help.
New Needham buyers were blindsided by the harsh reality of few OLED shares for sale. Shorts had to scramble to hose down the price otherwise price would have jumped 5.
All the seats on the OLED bus are taken, no one rides for free. Cash gas or @$! no longer accepted.
Yesssssss, this is exactly the sort of empty calorie post I want shorty to make before I make my firat investment in a promising company. Other shorts please contribute.
I still think its partly an OLED share shortage, just not that many shares available for sale. The large legacy manipulative long/short hedge position accidently resulted in a positive aide benefit for longs ... an OLED share shortage .... as those particular manipulative long shares were locked up and not available for trade. The manipulative shares reduced the float from 32 to about 26 million shares. That's not very many shares! As the long/short hedge alowly gets closed out more share float is available for trade which is keeping the stock from exploding. Once the long/short is finally closed out, new float will stop then we will might see some big jumps in price.
There's nothing that can be done, other than make lots of money (with the existing product) and just as important ... reduce risk (find another recenue generating product). Shorts always have strawmen to set up and knock down when you only have one product.
BUY BUY BUY ... wait, CNBC will never say that for OLED they still have 't said anything positive about OLED for ten years (guest commentators don't count)....
PURCHASE ... PURCHASE .... PURCHASE
Cool down, OLED recently had 25% short, about same market cap, and doubled in 3 months. Guess what happened to the shorts? They were reduced all the way down to 20%.
Shorts will have many ways to get flat and even make money during the price rise because they will drag it out and it will take a long time.
It never happens anymore, not more than 20%, don't expect a short squeeze over a matter of days it just doesn't happen, the shorts collude and are able to hose the share price down with naked shorts at strategic prices and crank up volatility and drag a price rise out over months when it should be days. Sure a dedidcated long investor might double in 90 days but the shorts will make sure you feel beat up for your trouble.
The price will spike to 5 then they will take it down imo.
Looking at a first investment in MNKD I think the timing is about right. I feel for the dedicated longs who waited forever with nothing to show for it, been there.