I do NOT assume the short position exists for a "non-approval". Nor should anyone believe that assumption. The short position may mean that the bet is for a lower price in the future but even that is hogwash these days in the markets. It could possibly mean that shorts wish to "control" price movements whether they be upward or downward. I do not know which is the case. But I have begun to learn that large short interests tend to dictate the current price movements.
Now I also believe that approval will increase share price but only to the extent that enough buying pressure (retails, tutes, covering shorts) will force shorts to cover or raise the price so high they are forced to cover. It just sux to have shorts hanging around is all...IMO
The price will only move if shorts let it. Only hope for retails is to "buy more" than the $$ of the shorts or get Institutional investors to add positions. Good luck longs!
Looks to me like the glucagon story is too little too soon to create any value. I am expecting dilution before we see any significant announcements. They cannot get a move on with any of their insulin products. What a damm shame. Imo
I believe that after this long if shorts are building their position that it means one likely outcome above all others. The share price will collapse after launch and first reported sales. It's likely that unless Afrezza shows anything less than tremendous sales in the first quarter that shorts will crush the SP. It's for that reason that I am out (selling half my position). Lower prices inevitably are coming. Don't try to fight the momentum. I certainly will consider reentry below $4.50. It's become painfully obvious that the shorts can and will lower this to a point that they can cover if they want. Sorry for a doomy outlook but it's what is happening here.
The interim data likely is a non event. This compound will end up being a lot like the failed NYMX drug. Precedence has been established. The fact that they are diluting to go after prostrate cancer tells me they have little confidence in the BPH outcome. IMO
OK I sold out today at a small loss....looks like no one has confidence in this company. Is it a similar drug compound as NYMX? I might buy back in lower price if looks like no interest here...oh well, maybe next time.
good luck to those who remain..
This guy is a laughable on the recent AF article. It would be nice to see someone "burn" his #$%$ when SNY announces Afrezza promotion and launch schedule either 11/20 or shortly afterwards. He sounds nearly the same as that the Karp hedge-funder...a shame to affiliate himself with "Diabetes Investors" IMO
You miss the point entirely. Yes it took them a long time, yes they had to spend dilutive shares (how else did you expect it to be paid for), and yes they finally got the best partner out there as Al stated he would. I continue to be baffled by the doubts toward MNKD's achievements. No matter how many goals are obtained the sentiment remains negative. This makes very little sense. The price can go up or go down the fundamental facts remain.
Hey OPC, if Afrezza sales were to gain significant share value in 2015 would you be convinced that MNKD has improved its overall management throughout this process?
Yes it's true, thank you for clarifying that AL met the goal of FDA approval as he said he would. However don't forget to mention that in 2009 Al and Hakam had a farting contest and Al did lose that one after he said no one could beat him...so guess maybe you got me on that one?
AL has met nearly every stated goal in this process over the last several years. It is likely he will meet all future goals for Afrezza, sales, and TS development. Why would knowledgeable investors doubt this, given his track record here and prior companies. Many opinions seem to migrate to the MNKD SHARE PRICE!! This is irrelevant at this time and obviously manipulated by a powefrful hedge fund(s) with their own opinions.
The price cannot and does not reflect valuation at his time. BUT after many years waiting, finally we will see the truth behind Afrezza's value and the potential of TS. The waiting and pie-throwing is absolute lunacy...
does not look real to me....YET
Stay strong longs, but watch out for the controllers of MNKD price to keep control (for whatever reasons we just do not know, yet)!!
I ALWAYS keep this theory in my mind, especially over the last 1-2 years since SI has been so heavy. BUT I don't think you will like my "real" take on this movement. If Shorts were really covering due to a "bottom" hitting at $4.60, then we should see volume to the tune of 20,30,40 million a day for several days, or better yet a MASSIVE squeeze of covering of 60-80 million on a couple days. THEREFORE, my conclusion is: SAME game that has been played for a year or more...shorts are NOT covering....YET!
The OTHER theory to consider is that SI is not there to MAKE $$ for shorts, no, but may be there to allow buying for other entities at low low prices....?
SA author doubts the PSID/ENSCO contract from Govt. YET he states clearly that it is legit on the Ensco website...what a tool!!