They need inventory. Tough to launch anything without enough inventory. They can only make so much so fast with the current capacity at their dosposal. That's the hold up imo. If they launch and then realize they do not have enough product due to whatever demand they encounter, then they have a problem on their hand. Could be they are assessing what they believe will be the initial demand and that demand is a moving target. Could be that if they believe initial demand to be greater than initially thought, they will launch later in the Q. Like I said, they need enough inventory to do this right....you only get one chance to launch.
Risk/reward looks even more attractive after today's presentation. Sanofi gets it. They will sell the shtt out of Afrezza imo. And they will ask for and receive permission to buy more than 5% of Mnkd in the future. Jmho.
After all, MNKD going down after an event should not be shocking. A little backing and filling after almost 50% is perfect. Chart looks good for a move to $7+ by year's end. Gets trickier there......
And expect a very long and prosperous future......nice job!!
Nah, just locking in gains. I sold a little but hedging was my primary play just after noon today.
Not sure about that. I made about 8k on my put spread though....probably a bounce tomorrow off the 360 level imo.
Just after noon, I bought 400 weekly 6.5 puts expiring this Friday. Paid .11 each plus $198 commish. I'm out almost $4600 bucks if they don't run this lower. Just a hedge against my long so if the presentation runs this to the moon tomorrow, I'm fine with it. The cost cost of sleeping at night.
Sentiment: Strong Buy
If Afrezza a disappointment (ie, as a niche player in the diabetes market coupled with technosphere opportunities), you could see low single digits. If a blockbuster ($7 billion in peak sales), you could see the stock approach triple digits. The risk reward is just too compelling imo. As it becomes clearer that Afrezza could be the real deal, this could go up very high, very quickly. We might get some insight into that in a couple days.... The short position will only exacerbate the the situation.