Look at MNKD recently. They are behaving like most stocks due following an approval. I agree, if you can sell for $20 take it and sell. Hold for a week or two and see the reduction occur before your eyes. Just check out MNKD the last two days. It's the old saying, "sell the news". Unless a BO happens immediately, most stocks do pull back which is a great time to buy back in at a 10% reduction or more. I think MNKD dropped close to 15% in two days already.
That's the shorts covering reluctantly or the longs buying willingly. Either way it's all good for now.
Why no Japan data yet? Does anyone think KERX will take advantage of this upturn to issue more shares and solidify more cash going forward? I wouldn't blame them if they did as the interest would be there but it would dampen the rally we are currently in. If you listen real closely you can hear the fuse burning on the time bomb that's about to go BOOM!!
MNKD does not have a lot of cash on hand, especially not to take the product to market on their own w/o a secondary offering. The MM will be pushing this stock with articles to inflate the share price to $12+ and then announce a secondary while its hot. They will bring the price down to about $10. Shorts will attack this at the $12+ level knowing they can cover quickly at $10. At that point BP has a 20% decrease in price which may be the starting point for the buyout. Just a thought.
It's probably easy to be the best when you get inside information, just saying. Seems a little too sketchy to me that someone would invest that much money in a firm days before a buyout? I'm surprised that hasn't been investigated yet? When someone wants to put that much capital on the line, don't you think they want some sort of guarantee it will be worth it to them? If you don't see that, you're blind to the way things work.
Everyone who wants to see into the future of KERX, look at the last half an hour of trading today for MNKD. This is what MM looks like at it's best. They received approval and dropped over $3 immediately following the announcement. This is how the MM allow their short friends to escape easy. With the short interest in KERX there will be no 60% upside. They will do the exact same thing and drop down to a level that will minimize their friends pain. I've seen it happen four times now. FDA approval is not always what people think it will be right away. Be ready to sell on the pop quickly as shorts run but be ready for the drop as well as the MM catch up and play their games. You have to know how to trade around approvals if you want to make money. If yo sit tight, you will lose and get disappointed. Mark this post and we'll just see.
And they are tanking like usual. The MM need tie to let their cronie short friends out easy so the drop the price and allow they to escape with barely a scrape. FDA approval is a kiss of death any more. Take the rally ahead of time and sell and wait for the pull back.
We're back in again. Someone likes this tight range but why???? What is the earliest the FDA has ever announced a positive result after requiring a 90 day extension?? Be curious to see and how many times have they done it.
I've been standing the whole time! You just don't believe me and I'm okay with that.
where the lid ($15.60) and the bottom ($15.40) are constantly closing in... Very tight trading range this week except for the drop and recovery on June 25th.
What tactic is that, that you claim to have seen before? You mean my stating of technical levels which is my opinion? If you think I am trying to pull the stock down, do really think that one person can do that? Come on you're getting paranoid or worried that the upside rally is stalling right here. The top I was referring to was only since 6-24. Maybe the terminology was not the best to use but I was looking at the last 5 days and we shot to $14.60 level a few times followed by pull backs with no significant follow through. I know we are in a positive uptrend but that's what I saw. You can think what you want but I am doing fine with the way I am trading. I will get more at least two more times before 9-7-14 and I do believe the FDA will wait. Just one man's opinion and I will trade around that premise accordingly.
There would be no real reason to drop down from here but we've all seen it happen more than once over the last 8 months. We all were #$%$ that it happened but it did eventually recover. Those that are savy enough to plan for it are the ones that benefit in the long run. My order is in and waiting. FDA has no reason to approve early. They asked for 90 days and they'll most likely use it all. Use your time wisely folks an buy more when and if you can.
People should be cautious here. This technical indication points to a slow drop downward to the 50DMA line which is just below $14 right now. If you would like to possibly pick up some cheap shares on low volume, look to place a buy at the $13.90- $13.95 limit. It will get there. We have struggled to hit 17,000 on Dow and Iraq issue has not really been dealt with yet. I've seen it before. Just beware.
Maybe when you wake up your drugs will wear off you'll come down from that high you're on! Really 400% jump in one day?
I see my buddies have supported me once again, thanks. I collect red thumbs down. Keep em coming. I get $1 for each one I get.
were closed out today. This knee jerked the PPS at the open and by 11:00 all shares were traded and the rest of the day was more to form following the broader market. If DOW open down tomorrow, we could be back down in high $14's again.