Simply puts more stink on Nick. Probably a good thing as sharholders will go after his hundreds of millions methinks. Any way I took the dip to add because the numbers related to the fraud are not impacted....
Dividend increase is a bit riduculous. There Cole
asset has frozen up. They need to do something about COLE and reasonably soon. I'm not even sure how they can come up with a reasonable forward guidance considering COLE. The range given will likely be quite wide.
I hear ya. But certainly with things lining up better, a little news can get things rolling and momentum has s funny way of taking over. Bet you the Russians never expected to lose control of the Ruble.
Somehow I think there will be an effort made.....
I also expect we get some dividend news very soon. My gut says a 10% cut or so. Likely one of the reason everyone thrown out. Blame the old regime for the cut and move forward. A cut of the size I've noted probably more than priced in imo.
Feels like shorts losing control?? Tax loss selling will flip from headwind to tailwind. I believe it's already the case. Couple that with launch certainty (removal of uncertainty) and throw in oversold condition, path of least resistance is higher. Does not hurt that there are 80 million shorts.
Watched the whole hour. Just trying to see if I'm missing something here? Am as convinced as ever that Afrezza is the real deal....
Market cap down to 7 billion. Heck, they raised a billion and a half at $12 several months ago. Plus all the assets. Seems like a no brainer someone buys this. I'd take $10 bucks right now and be done with this mess. Worst investment I've ever made and I've been doing this a while!
Mannkind pretty good today...I'll repost what I put out yesterday as to why I think Mnkd is setting up well here.
I added a bit today even though I said I wouldn't about 5% ago!!
1) Tested and bounced nicely off of the circuit breaker low of last month.
2) closed well as the market rolled over and more importantly IBB was down big.
3) tax loss selling a headwind but as more are beyond 30 days, becomes a tailwind.
4) launch fast approaching and of course news related to the launch. Date of launch, insurance info etc.
Listened to it. I guess I found it not positive then simply reading the press release. He stated the audit comitee has made "good" progress. I hope "good" refers to more than just the progress of the audit! Lol.
That is priced into Vix right now. That will come out of the VIX tomorrow. Does it mean UVXY goes down?? Nope, but it does mean that it is likely that UVXY will be down because of the vol exhale after the fed speak hits tomorrow afternoon. Best case is a down market open and for uvxy to pop into mid 30s.....then into the toilet and it closes around 26/27. Jmho.... And yes, I'll be looking to put on put spreads tomorrow.
Also pretty lucky right here. Kudos to those that are taking the opportunity to cover. Market is putrid and allowing the cover on the cheap. Biggest block (over 200k shares) of the last 2 days came in right before the close and was likely a nice size cover. Popped the share price a few cents to almost break even on the day.
When the recent oil nonsense eases. Baba near the highs for the week even though marker is puking up stocks. Will take YHOO with it. Both are simply resting and waiting.
Many have taken losses in October and November. Who knows. Point is, more can now buy as every day we pass the wash sale waiting period for former sellers that took losses. That will continue to escalate as time goes on. Selling now you risk being out during the launch or news of the pending launch as you must wait beyond the 30 days wash sale rule. Things are lining up nicely imo...
Closed at the hi on a garbage day. Pretty impressive considering last week's section!