the day you wrote this the shorts shorted even more - and their work showed up today - sorry - I tried to help by warning you on Monday
bully for you, bub
IBB has weakness - bio's are out of favor - ST, shorting has its positives if you want to make $ - just don't get caught when a buyout comes - risk/reward - to each his own -
not disagreeing with shorting at the right times - MNK has been trading in a range, so anyone can trade it up or down or both - be careful to cover if you do get $50 - it may mean a $110 buyout is imminent.
ENdP and MNK have very different fundamentals - but you are right, ENDP affects MNK price now - as it did the IBB on Fri even though only a small part of the IBB - good luck on your short - likely you won't get caught with MNK surprise selling the company - but be careful.....
you may be right - that's why I was cautious in buying the dip on Fri - but regardless, mid 50s is a wonderful price for this stock and even if MNK goes lower, folks who buy mid 50s can trade out for a profit.
Went up too far too fast. Political forces overtook. VRX.... I agree with MHO, who still posts on Stocktwits, but not so much hereany more - if MNK remains this low, sometime sooner than later the company will be bought out.
what you say makes a great deal o sense, as always. I will add another perspective from someone I have seen elsewhere - the market is so heavily shorted, the MMs can't allow the market down - the shorts force prices to stay up, and until enough of the shorts pull out, there is a limit to how far the market can fall. The same person sees the market grinding down bit by bit and much lower later in the year.
Also - we all know the Fed ill do its best to prop the market until the election is over - however, the Fed may run out o room to prop completely. It has done its best of late to limit volatility, for ex
FWIW I first bought QCOR in August 2012 - not long before the Sept 2012 short attack. I turned t the board after the attack to see what I could learn and founf an amazing board, never will see one with that many high caliber people again. QCOR merged with MNK - many of the folks here dropped out one by one - eventually me as well, as I began to see that MNK might be in for a long stretch of struggle.
I do not want MNK to struggle - I do not route for this. At this point, I am pragmatic. I do not want to attack anyone - I just want to perfect money and make some here and there as I can, those who know me from the past know I don't pump or lie or bash. Sometimes I get overexcited about a stock and my inexperience shows - I am the first to say that I got a late start to trading, make many mistakes, have much to learn. I do my best to be honest and open. There will always be folks who pretend nt to trust me, and others so paranoid they won't trust me because I rarely post any more.
I can't speak for Mike - I show up because I continue to watch MNK and sometimes trade and I want to see comments from intelligent people I trust on the board. A time when I am most interested is when price falls and may fall further, because that is bargain time. I prefer to be long this stock purchased at a low price, because sooner or later there is likely to be a buyout.
Just read it - disturbing though likely accurate.
Read something related in a news article in The NYT in the last week or so, explaining that factory jobs worldwide are shrinking because of the increased efficiency of robotized factories.
olks who no much more than me say the VRX compariosn not applicable - MNKnot playing games with accounting.
Acthar gel has been this high for 4 years or so - didn't just happen, and price is stable. Acthar gel has been reduced to 30% of revs - still big, but significantly diminished % of revs.
there's a chance there is a smackdown into ER - and this time of year, revs adjust downwards seasonly - anyone who knws the company knows this - so you may have a nice swing short - but your $35 puts won't hit and would be a waste of money - I'm happy sell them to you.
no - get it - he is right - anyone paying for a nonexistent stock, ie QCOR, will lose money
stopping by - not sure what you mean in this post - MNK volume was low on 3/24, as was the market. Probably just seeing who is paying attention.
I agree with you - I think there is weakness in the bio sector - and weakness in MNK - there will be trading ranges, but at some point, soon or alter, MNK will try the 40s. Folks here who know me from the QCOR day know I am not an expert and have plenty of learning to do =but I think the shorts know a good thing when they see it - VRX and MNK present opportunities to short a stock down, let it come up, short it down more - the smart shorts know when it is time to cover, and leave the retail shorts and more foolish professionals to get squeezed.
I am looking warily at this latest attack warily, simply because the shorts were so effective in VRX. I took a small position yesterday and traded out today, doing better trading than usual for me and making a small profit.
I prefer to watch for now and take trading opportunities as they come.