Nice pick in investing in MNKD. I'm not sure of your cost basis, but I think you have a sound pick here. If I can offer some cautionary words it would be this, but first, I think you will be handsomely rewarded with your investment.
The "dreamer personality" usually doesn't bode well for investing. My brother is this way and he has had some hits, but a lot of misses. Conduct your own research into your picks or ask advice from experts. Hunch betting is for bagholders.
Set goals: Before you purchase, have an understanding of your entry price point and more importantly, how much you are willing to gain/lose. Circumstances will arise that could make you reconsider a price point, but try and stick to the game plan. A recent example is NQ for me. After taking one of many dives I tried to catch the falling knife and bought a bunch at $6.37. I was hoping for a quick 7-10% return on a bounce and 6 days later it came. It climbed as high as $7.64 and quickly receded. I got out for a 13% gain at $7.20. The next day the stock tanked into the 4s.
My bet is that you'll do well with MNKD. If you are in it for the long haul, you will experience volatility and possibly some uncertainty. I think that conservatively, upon partnership (no buy-out happening here), you can sell your shares for $14 each. If the news comes after hours, as it usually does, sell then. Your best prices are usually there. I expect that the PPS could go $16+ after hours upon partnership. The shorts and MMs will do their thing and knock it down to $12.50 - $14. Then the launch will send it higher and the shorts and MMs will again do their thing. Back down it will go until the first quarter sales are in. Rinse, repeat, rinse repeat,
Make a nut and then spray it around. Diversify.
There are other catalysts along the way to consider, many that have been discussed here. Shorts are pesky here and don't go away easily, especially so many. Swing trade on the catalysts and you'll do very well her
Sentiment: Strong Buy
It's a tricky thing for the shorts. They can't cover a modicum of their shares without the PPS blowing up.
I've got to say, this is a good time for longs: Merger in hand, $90 established base, less volatility with PPS, ineffectual hit pieces (even NYT), and my favorite....All them trapped shorts.
Aint no stoppin' us now...da, da, duh, da.
Looks like they made you hold the bag. Just don't be the last one out the door. You wouldn't want that.
Yes, MNK was wearing blinkers when they sought QCOR. They overlooked insurance coverage/sentiment and FDA inquiries. They also missed that scrawl on the wall that said "Short Q 2 0". C'mon, you can push this lower! Short more! I've got no trading shares and would like some before the CC. 2%?? C'MON, DO YOUR JOB AND GET THIS THING DOWN!
So give me a number. How badly were you tattooed with playing with the Q fire. I'll be thrilled if we see $85, but I suspect it'll be up tomorrow.
There was a deliberate paint down AH of only $.79. Old news. The coordinated hits have no affect anymore, but maybe you are on to something. Short it to hell tomorrow. Maybe you might hit my first buy order. One can dream.
There was a deal contingent upon approval. I never thought this would take 6-8 weeks to finalize upon approval. It is more like 2-4 weeks and I would venture a guess closer to 2. Right now the deets are being ironed out between the lawyers of the two. Announcement is immanent. I respected both positions short and long, but once approval was in hand, the charts will mostly head NE now. MNKD will be on a bull run, run.
Sentiment: Strong Buy
Sell at $9.50??? MNKD has set a nice base at $10 - $10.5. I added at $9.52 and $9.62.
Even Queef the Raven said he was a buyer if it fell to $9.50 - $10.00.
Sentiment: Strong Buy
And while it was at $20-$30 we dreamed of it someday hitting $90-$100. Someday is here. I still want a dinner or to go to Vegas.
Another triple play I like would be Rock 'n Roll, Kashmir, and Stairway To Heaven. Have a good weekend Johnny.
No need to stay away from the board. I know it's summer, usually a hot time for the Q though. Here it is educational, socially enriching, entertaining, insightful, informative, and lots of times lucrative. There aren't a lot of places you can go that covers those bases. Just don't get married to it.
Man, Narragansett makes a nice Shandy.
Good holiday to yas.
Okay, I put in a 100 share sell order for $95 right before the closing bell at 12:59. It didn't get filled? Weird, but I guess explainable.