Totaling ~250K in shares just gobsmacked the bid from ~$10.40 to $10.32. Bid now at $10.35 but the sell side action has been fairly fierce today...their run-n-gun game has been succeeding...I anticipate they're settin up to take the bid into the mind $10.20's...bid now $10.31. Their mission (to the extent what's being seen is coordinated)? To demoralize the buy side....
Yesterday starting at ~14:30pm Master started walking Poochie southward. It's ~14:30 today...and again the bid is weakening here at $15.60. Let's see if Master is commencing another walk-down.....
Bid .59 and being hammered while the ask shows large on overhang...just like yesterday....
Maybe. But for now my view is today's upside push is more a "rising tide raises all boats" situation. All the talking heads are breaking out the party favors and hats anticipating a Dow 17K since is' up over 160pts. Don't know if it'll hold but that's what's driving today's action...bid $15.63
It just keeps bulling ahead. Well overbought here....but nothing prevents an overbought equity from becoming even more so. From the surfing days of youth all I can advise is you've picked a great wave, ride it for as far as you can. Cowabunga! ;-)
Given the passion of commitment by both the buy and sell side camps the thundering heard here (and little elsewhere - heh) basically amounts to this in the post-binary world of MNKD. You'll have the buy side saying "stay the course" in any number of variations/permutations; and you'll have the sell side doing their level best to carp and harp on all the remaining perceived negatives....earnings flow and worries about monies, legitimacy of the looming partnership announcement (or if there really will be one). Actual efficacy of product as opposed to any number of different product variations tried or pending....etc., etc., etc. This I guarantee. And this is pretty much what's being seen on this thread. And all of it amounts to nada.
It comes to this. Management has FDA approval. Management must now begin the process of maximizing shareholder value in all the logical fashions known...product roll-out...partnership roll-out, etc.. This is all that matters. The hyperbole and such here? It's noises generated by on-lookers in the cheap-seats (at a ball game). And it has just about that much value. This includes my comment here. HEH!
Oh...disclosure...I've a buy side position at a basis roughly half the current pps of ~$10.40. One I'm not shy about trading around, either.
A bust? Bid $11.08 is a bust? In what Universe do you live in. This is great so far. By the way....I don't subscribe to all the recent days hyperbole, neither from the short or long side. Here's a fact. Product is approved. Product will now need to be developed in all the usual fashions. This does NOT mean an immediate launch of bid to "dah moon" as some would say. Nor, by dint of necessary development, does it mean an immediate cratering in the usual idiotic "timber" fashion. It's now a work in progress. But let me give you a hint. Buy on any bid weakness...especially if you're lucky enough to get any south of $11 (bid now $11.14). Buy it, put it away and look at it again in 6 months. I suspect you'll be pleased.
All just my opinion, of course.
So far bid is being sustained (currently at $33.66). A bit ahead of itself here on the intraday but there may not be much of a drop....that Focus list usually means there's a level of sustainable support on the bid at about the time news of this nature comes out....but let's see how it goes...
I expect the bid to be roiled all over the place. With all the passion dedicated to the bids pre-binary projected downside I don't expect the sell side camp to give it up easily. They will run a rear-guard game on this via every portal they can muster to the cause....so to speak...and like I said...roiled...in the time it took to type this the bid got yanked to $10.95...
Well...which way did they react, eh? HEH! So much for the efficacy and validity of ANYTHING those portals put out...be it negative or positive... So it goes in this game. Bid now 411.18.
Yah....maybe it's because of concerns about copyright violations of other sites material but I've found it almost routine for Yahoo censorbots to do this. Which is kind'a nonsensical since you simply posted the link to the article and not a "cut-n-paste" of it.....so my cut-n-paste stays yet your link goes? Funny...but it is what it is...in any case it's a good, fairly even-handed, assessment....
I'll say this...the next words out of 'em will determine (for me) whether their position is one borne out of a professional, tactical, short logic (pre-binary) or one driven solely by an emotional, and juvenile, commitment/attachment to a position. If it's the former then I expect a variation on "we wuz wrong..." commentary followed by a "sober" assessment of where to from here. The Fool kind'a started down this road late yesterday. If it's the latter then I expect them to flail with diatribes about the Box Warning, concerns about profitability, casts aspersions against management, etc.. And if they DO go with the latter it simply reinforces, for me, the inept nature of what they do and hence their "business." This game is one of recognizing the strengths/weakness of any position you hold and adjusting in accordance to changes over time. Let's see how they play it...
Excerpt from the Tribune write-up:
"Adnan Butt, an analyst with RBC Capital Markets, said in a June 12 report that he sees huge potential demand for the drug.
"Afrezza would be the most convenient, discreet and rapid-acting insulin alternative for diabetes, one of the largest pharmaceuticals markets," Butt said.
He forecast that Afrezza could eventually reach $5 billion to $7 billion in annual sales. He estimated that the company's stock will be trading at $16 a share within a year."
Personally I think he's being overly conservative on the pps....but it's a start. Let's see what happens Monday. Also let's see if Yahoo censorbots erase this or not. Heh!
I saw your Chicago Tribune News link within a minute or so of you posting it and got to it to read. The Tribune put it out at 8:47pm June 27th (for those who want to look for it). I then came back here to comment and noticed Yahoo had almost immediately removed your posting. So I'd like to thank you for the link before it got removed, and suggest others go to the Chicago Tribune to review it if you want. Overall a nice, balanced, article. (Now let's see if Yahoo censors me for mention the Tribune - HEH!)
Not necessarily in the fashion you mean. There was a sizable "panic drop" after the binary news. Experienced pro shorts, if they had even allowed themselves to be painted into such a corner in the first place, would have used the drop to cover. But I'll admit that's simply what I would have been doing if I'd been short....and I'm no stranger to using that particular tactical tool when the time seems right. Which with MNKD it clearly is not. ;-)
Holding a sizable position with a nice cost basis. Truth be told I came dam close to selling when the bid first got hammered. But I stayed calm and read the news. Upon not finding anything truly amiss I took advantage and bought more just south of $9. Admittedly this particular buy will be more of a trade for me than not....but I'm holding the main basket thru at least end of year.....barring anything negative develop out of the company, management and/or the product. Let's see what happens Monday.