Norman, you are operating with weak logic...I seem to recall a dip to $4.05 a short while ago...even at today's $5.80 I'd say that is still a pretty decent rally wouldn't you? Not a brag, just a fact. Am I happy with where we are at? No, not even close. Do I have 100% confidence that the longs will prevail? Yes, absolutely. By all means though, play your short term games, pat yourself on the back and take your chump change to the coin star machine at the end of the week with a big dumb grin on your face. When the dust settles, the longs will be just fine.
Disgusting. These guys make their own luck though. Wether the company/product is a winner or loser, the big boys make sure the side they pick at the beginning of the fight is the winning side of the investment.
Watching stocks like ARNA, DNDN, MNKD, GPRO and endless others get bullied into the wrong direction leads me to believe that the HFs really do run the show now and the whole process is rigged up like the carni games at the boardwalk. It is like we operate in opposite world these days where common sense and sound business fundamentals are no longer reasons to buy a stock. Weak companies get pumped while strong companies get held down until everyone believes the lies and they become the truth. It makes me wonder if I should start investing completely opposite of what intuition would suggest. If I see a company enter the market or approach a milestone event that has huge potential, short it, especially if it's product actually helps people, if I see a sham with no real value and poor fundamentals, buy every share I can get my hands on. Why not, this is how the HFs make their bets because for them it is no bet at all. Their strategy is simple - they ask the question, what would Joe Public do? Then they step in and do the exact opposite with such force that Joe Public gives up and walks away from the table when he runs out of chips. If the product is sound, revenue eventually trumps manipulation, but for every business that still has something to prove this seems to be the new rule.
You can only hold back the tide for so long. Look at how deep in the Doo Doo you are this morning and we haven't even been trading for an hour yet :) Time to cut and run so you can live to fight another day. Just accept that today, the PhD is more powerful than the Series 7.
No it isn't, it is professional level damage control. 20M shares in 20 minutes worth in fact. This thing is going to bankrupt anyone short that isn't covering right now.
Sorry SP, you were a little short sighted on this one...I bought at $7.50 a month or so ago and am still sitting on the whole pile of beans. Right now we are at $11 in AH and I will bet the farm it opens in the teens on Monday. When Al announces a partnership deal it will go to $20+. When it goes to the buyout phase the sky is the limit. I am a huge believer in ARNA but I think the big bucks potential of MNKD is at least as good if not better.
It will mean the big longs are getting out. That is certainly not the case right now, the short count is going down instead. Nobody is selling, there just isn't much buying as everyone that cares about this stock is pretty settled in to their positions at this point. Remember there are a 100 million tute shares being held. When the tutes want to sell, they will want to do so at a profit. When they decide to leave, they will stop lending shares to shorts and the price will start going up for no reason at all. Barring the release of bad news, I would expect a baseless rise to preceed a genuine fall.
If sales are weak based on commercial marketing efforts thus far then so be it, Eisai is not pulling their weight. In the mean time insurance coverage is increasing and we are getting closer to the day when congress requires federal medical programs to cover. When that happens, it won't matter what Eisai does, scripts will go off the charts. The obesity problem is center stage right now which means federal coverage is an inevitability. Unless some terrible side effect comes out, there is no question that this stock is a long term winner, its just a question of when.
I think right now the shorts are selling very carefully to keep the PPS nice and high as they build their position, it won't be long before they push it down into the dirt. If you can do some trading and make a couple bucks while they set this thing up then good for you but I wouldn't plan to hold long term. The folks that got shares at the IPO are lucky dogs but those grabbing shares north of $33 are risking dollars for pennies.
If you really believe that then you are either an idiot, you have had no exposure to action cams, or an exciting film worthy day for you is eating your apple sauce while the nurses change your diapers. There are plenty of reasons to think this this is not a good stock, but your phone and a strap as a competitor is not one of them. By all means if you are ready to replace your phone and/or want to capture low quality blurry out of focus videos give it a try though.
Why Van, I didn't know you were a comedian...thanks for the chuckles. It is simply marvelous watching you attempt to use the word "intelligence" with such stoic sincerity during the course of trying to spread FUD at all hours of the day, and night for that matter. You really are a simple little fool aren't you? March on my little dumb dumb, spend every precious fleeting moment you have left piddling your time and energy into this board for an audience of 5 (tops), march on.
Do you understand that there are over 80 million eligible consumers here in the US? The pool is growing every day and we will be at 100% insurance coverage in 2 years or less. No matter what happens in the rest of the world, Belviq will hit BB status shortly after Medicare picks it up which is inevitable based on the building pressure from the AMA and the White House. Your short position is living on borrowed time. Efficacy and marketing missteps are moot arguments when it is available at virtually no cost to millions and is endorsed by the AMA. If it works at all, it will be as popular as coca cola.
Not running a cheerleading program to get the PPS up and "raping and plundering" are not the same thing. Executives that want to sell the company fatten the bottom line, they don't invest heavily into building the pipeline.
You keep running your mouth about a take under. I've asked you before, answer and be direct and specific with your answer; how does spending money on R&D to advance the pipeline line anyone at corporate's pockets? The money goes to patients, focus groups, marketing (study recruitment), independent labs etc, it goes to everyone except corporate. Also, did you notice how the board and Jack are all moving towards an incentive plan that is largely based on stock value? The higher the SP goes, the more options they get. They have more directly aligned themselves with the retail longs financially, why on earth would they intentially work against their own financial interests? If anything at all, they may have sandbagged trying to help the SP go up until today to set a low baseline for their incentive plans, which will get get ratified at the shareholder's meeting, but moving forward you better believe they will be doing everything in their power to make it go up.
On one hand I respect their conviction, on the other I find it highly amusing that they clock so many hours of effort thinking that they make a difference. On some other guy's hand I am shocked that they actually believe what they say.
Would love to see him re-commit himself to that rediculous routine for another 3 months. Knowing that he wastes so much time on such a frivilous activity warms my heart.
So Fred, please explain what is in it for "Jack Thief" to burn through $100M in R&D exactly? I can't see how blowing all the cash on research, focus groups and testing lines anyone's pockets. A company can be sold just as easily if it has money in the bank than if it doesn't. Dipsheet.