Gee!! you're willing to buy about 15% blow the 52 week low. Are you sure you have the right stock? Maybe you're one of the Affrezza idiots who thinks NOV is Nova-Nordisk.
I think there is more upside than down side risk at 75. We still have one more month of summer to go though. I just bought at 75,10. Incidentally, the fact that Yahoo does not allow me to track my portfolio and the amount of silly A double scribble spam on these boards has me feeling that involvement is a total waste of time and effort.
I used to buy into these no profit bio-techs. The only ones I made money on were those bought out by mainline big pharma. I do not believe this possible with MNKD as a 65% interest in Affreza has already been sold to Sanofi. What else does MNKD have? Some over enthusiastic pumpers one of whom does not know the difference between NOV and NVO.
I see the formation of a tea cup with a handle. This tells me the PPS will level off at 26.50 where it will remain until the next big move. Again, I ask the question previously asked, What do you see?
For the sake of your portfolio, I hope some company buys ut Mannkind. This is the only way you will make money on these no profit biotechs Lots of sizzle and no steak!
I note you have 37 posts all of which pump VPCO. This stock has a price range between $1 and $22 and is currently selling for $1.46. How much are you making per pump message? It's stuff like this which make these boards next to useless.
Cover now!!! Based on a dumb analysts views of over valuation while increasing the price target.
This is the way to make money. Waite for some dumb analyst to kick the feces out of a stock for no reason (valuation while raising the target price), buy and hold. Watch the stock recover as long as the market as a whole remains steady.
Interestingly, I sold August 60/s covered calls some 3 months ago. The stock was not called away before ex-dividend. As far as the Shire "deal" goes, some geniuses figured that this would be a good tax dodge. They couldn't have believed this would enhance ABBV business or they would not have paid the breakup fee. With such a business decision based solely on the tax code which could change at any time, some people should be looking for new jobs.
This is an interesting observation and you hit on the reason for the gap, Very light volume. If a trader or fund wants the stock after hours for whatever reason, he meets the asked price. The reverse being true for an urgent sale. Ster the market opens, volume goes up and the bid and asked price of say LLY will be a penny apart. To some extent the market is rigged given the practice of front running and computer trading on formulars based largely on momentum. This, however, sholdn't bother the retail investor as it makes litle difference whether I pay 86 or 86.01 for a stock. I always use limit orders. I have made some good money watching the computers pile on with their momentum trades when the increase or decrease seems unwarrented. If I believe a stock is trading higher than it should, I will sell covered calls and decide how to handle them before expiration date.
I guess you're shorting this one like you did LLY. I am doing well with your calls. Will buy NFLX on the next market dip.
Every time I see a stock get hammered due to a downgrade I develop my own opinion whether or not this is justified. I have done very well by buying some of these hammered stocks and waiting for 3 to 6 months to see a recovery.
You are a joke. The absurd degree of pumping of Mannkind would be enough to keep investors away. If it weren't already in the cellar, I woild short it.