Short covering. Other than that there is no real reason to buy this stock. This stock totally depended on the idea of Afrezza being so great that sales would grow virally. Remember that baggies? It just didn't happen and pretending that the world hasn't heard of Afrezza won't change that.
Laughable. they have no sales, negative book value, fatal balance sheet and only one product that doesn't sell. In the real world the stock is OVERVALUED by 97%.
Around 1.30 to close the gap. Then resistance around 1.40 area and ultimate resistance at the descending 200dma about 1.7 something where it will be a great short once again.
It was a poor and desperate deal for mnkd by any standards. IMO they are out of financing options without giving away everything they own and even then nobody may want to own Afrezza. I.E. even at a buck nobody is accumulating the stock.
An increased short position represents more shares to be BOGHT in the future. Increased institutional ownership represents overhanging shares to be SOLD at some point. Most of you longs do not belong in the market.
suggests the stock is going to move but doesn't suggest a direction. Last BB squeeze stock went from a buck to 2.20. I've been hoping for a rally so I can get short one more time.
A cheap way to control shares without sticking all your hard earned money in this worthless stock. Of course there is a reason the calls a year and a half out are so cheap but you can figure that out.
There are no reasons to buy this stock. The company has only one product and it doesn't sell very well. The book value is probably very negative. There are no sales to speak of. The balance sheet is a disaster according to the company auditor. The stock has been bearish since 2005. You guys are left with a one in a hundred hail Mary that almost never works out. Look at gold, get your money back.
A lot of those guys will hang on until the stock is zero. With the market this high I think there are plumper targets out there however MNKD is a pretty high probability bet for them.
If you are right it will take years to ramp up but the company will run out of money in months. There are just too many problems.
The past is never irrelevant in the stock market. Refusal to accept the fact that this stock continues to be bearish going all the way back to 2005 has just about emptied your wallet. Keep up the good work for the total benefit of the shorts.
Sentiment: Strong Buy