In 2004 and 2008 tanker rates spiked up like their doing now. FRO hit a high of 54.00 in 2004 and a high of 69.00 in 2008. It looks like it's got some catching up to do if rate stay firm
I'm not surprised that PLUG had a muted response to the news. It just shows how investors have lost confidence on Plugs performance lately. The news doesn't justify the small move it made. A year ago this kind of news would have moved it 25%. I think it will slowly grind higher on increased volume as the news starts to sink in on just how bullish it is to have a customer with 100 distribution centers like Home Depot. PLUG is a much stronger company today than it was when it traded over 5.00
Yes I think so just on short covering. 5 is a key number for triggering a massive short covering move. If you think the shorts are getting nervous your right.
Just talked about the FDA issuing a warning concerning highly used drugs for type 2 diabetes. The two Doctors on talked about patients using other drugs to treat diabetes that don't have the SGLT 2 inhibitors. LLY,J&J and Astra Zeneca presently all sell drugs with SGLTZ inhibitors. This could cause a change of medication for those patients.
Yes it's not unusual for something so different to catch on for those patients who have been using injectable insulin for years, however it should catch on a lot faster for new diabetic patients when given the choice. They could eventually gain 50% of new diabetics and 12% of the old.
The fact is nobody has a delivery product device like MNKD. Does it make sense to switch from injectable device to inhaler device? Yes. The problem is the slow start due to marketing the product to Doctors and patients. 35% of Doctors never heard of it and probably 50% of diabetics .That's the most bullish part of the Jefferies note that I noticed. That means they haven't even scratched the surface of a multi billion$ market. They have the right product but they have done a poor job of marketing it up till now.