what more do we need?
its pretty obvious to me.
The pattern for MNKD is very common, wallstreet can be stupid, get short, be wrong about an FDA approval, they don't have to have any talent, as long as they have an algo that can curn shares enough until they make their stupidity go away, its the market we live in.
it sucks. it really does.
MNKD is think is a solid place to park a lot of money if your a long term thinker. me I have zero patients am addicted to instant gratification and will chew my nails to the bone watching MNKD creep up over the next few years.
I guess im throwing in my trader towel and becoming an investor, excuse my French.
oh, another plug.
WATT, check it out, very low float, any news will get that parabolic.
good luck Prananananas
ever think that the buy, was a short covering his position?
which isn't a buy at all ....???
two years ago, Yahoo and CNBC quietly announced they would join forces to create a web site for CNBC, CNBC wanted to have more of a community like we have here. Notice the changes on the yahoo boards that came around two years ago? That was CNBC making changes. They monitor these boards. I have been on boards where Jim Cramer was bashing the stock and somebody gave out his personal home address on the message board, the first thing Jim Cramer did the next day on air on CNBC was tell everybody that he didn't live in Jersey, he lived in Albany NY, and don't try to find him !
This was on the Apple board, they filter our posts, and they sift thru them, they know that we retailers have become educated we are smarter, we are better traders then they are, and they know we have effected their profits !
they cant to control the information we share and anytime we say something that should be a wallstreet secret, they delete our posts !
they are breaking the laws because they want to keep stealing our money.
Hopefully the yahoo police will be asleep at this time, I will try to post original experiences.
I used to trade with Schwab, I began noticing when I was buying options, the exact second I hit the buy button, and id want to hit the ask price, the ask would jump up. This happened so often it became very obvious to me that either "somebody" could see my trade as I was filling out the order form, or they could see my order the same exact instant I hit the buy button and some how they could raise the ask higher, so my order wouldn't fill.
This would happen, faster then the eye could see, but it happened so often, it was obvious somebody was rigging the market.
Schwab, had a "review" team, when I tried to buy contracts, they would review the order first and then let the order thru, this was random, some times it took 5 minutes for my order to appear and some times it took less time, but my orders were never let thru to be executed instantly. I complained because many times the price would run up away from me, and I would be forced to raise my bid, 100% of the time I was hitting the ask. yet this delay would allow the ask to rise and id have to chase it up and re new my original order. of course you can see how dangerous this was, as soon as my order would finally execute the price would turn against me, im stuck holding the bag paying a price higher then I should have and now its going the wrong way.
I complained and they didn't care, its as if Schwab was trading against me themselves or its as if they were protecting the option writers.
I closed my account and went to ETRADE, that was even worse! at Etrade there is no body to complain to, the same exact situation was happening, id try to buy 200 call contracts, the second id hit the buy button, the ask would change higher and id have to raise my offer. it was insane. So I quit trading options all together and then closed my account because Etrade acts as market maker.
they called me they wanted my business back.
incredible, we cant even share information here, since when did yahoo appoint themselves "over seer" don't the yahoo police who are deleting our posts realize they are doing exactly what we here in America have feared for such a long time, yet they too are Americans harming their fellow brethren?
yahoo police are corrupt as wallstreet are, power in the wrong abusive hands
I tried responding to your post about my own experiences and the yahoo police must have decided I had divulged too much information, why do the yahoo police break the law and censor our posts?
This will get parabolic, and trade around $80 before 6 months out.
that's how this game gets played, again !
must be nice to be wallstreet, you don't need to be good at anything, you just need a great algo and who cares about being good, or right ?
I have been in DNDN, ARIA,ARNA,PRAN,NWBO, etc....
what I find is that these stock trade much higher on anticipation of FDA approvals, then get slammed down especially when they catch shorts off guard, shorts just keep shorting, naked shorting !
then they frustrate longs for a long period of time, now shorts want to see earnings, marketing, distribution etc....and these stocks just languish for months or years.
short refuse to cover, and the huge amount just keeps a lid on these stocks, they cant deliver, they are naked, they just keep shorting. Thus we will need an actual buyout if we want to see a higher share price anytime soon.
Gotta figure, if potential sales are $10B.
A buy out at 5X that would be $50B.
That doesn't include the "pain" part of the equation.
So a fair buyout price would be $50B ?
Conservative would be $30B ?
that's about $75 per share.
and on that day. he will pray like never before there is a cure to be found. And his doctor will tell him about a long shot experimental drug trial and how he should sign up for it, being his last hope to live he agree's. Then suddenly half way thru the trials, the drug gets pulled because the company cant finance another round, their stock has been battered by a journalist seeking clicks.
depressed at his fate, he takes the cowards way out, once a coward always a coward.
this is a fitting karma for this worm.
I have no clue, what I do know is the FDA panel voted to approve the inhaler for diabeties, and that the market is massive.
one problem I see is the outstanding shares being fairly high, so it will be a slow grind upwards.
BUT this is a strong long sided trade.