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Post by maxi on Jul 8, 2014 13:13:26 GMT -5
This is NOT the time to buy MNKD. And as for a buy out? There is not one single bio stock in the stock universe that is not said to be a buy out candidate. If you have to be in MNKD buy one hundred shares and place a stop where you do not want to LOSE any more money. Except for Mark I really have no idea why any of you are contemplating buying this stock.... You're serious Maxi? I understand not buying a stock only because of a potential buyout. I'm with that. But considering both the fundamental potential in conjunction with the bullish chart? Seems like an extremely good risk reward (~160:1). One of the best I've ever seen, outside of option plays. Dead serious. There are stats out that show that over 75% of biotech investors do not have ANY understanding of the science at all. Right now you are buying on pure hope and hype. NOT a good risk reward in my book. Not saying it won't go to dah moon but I would not be in this as a new buyer now without SERIOUS tight stops....
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Post by huh on Jul 8, 2014 13:18:02 GMT -5
Not understanding a company would eliminate me from investing in just about everything out there! LOL I'll send you a postcard when I get to the moon. JK of course. I definitely agree with you with the tight stops though. Bio-techs are "cray cray".
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Post by Herceg on Jul 8, 2014 13:50:12 GMT -5
All I know July 15th is right around the corner for announcement.........will wait to play hopefully at that time, unless something out of the ordinary occurs sooner.........
JMO and BOL..............
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MNKD
Jul 8, 2014 13:52:54 GMT -5
Herceg likes this
Post by huh on Jul 8, 2014 13:52:54 GMT -5
All I know July 15th is right around the corner for announcement.........will wait to play hopefully at that time, unless something out of the ordinary occurs sooner......... JMO and BOL.............. There's nothing supposed to happen now on July 15th, is there? That was the originally schedule FDA approval announcement - but that already happened. Next scheduled event I know of is earning first week of August.
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Post by huh on Jul 9, 2014 9:42:43 GMT -5
Adjusted FIBs...I initially drew the FIBs starting from the low after FDA approval to the following high. However, if I instead start them from the backtest of the breakout after the FDA approval, ignoring the overshoot, pps seems to be following that instead. This only changes the supports/buy points by a few cents each. 9.50 & 9.06, and the primary resistance now, ~9.90. I despise making adjustments to charts. Same as being wrong. But as I learned from Maxi with NBG, you have to react to what the pps is doing.
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MNKD
Jul 10, 2014 10:02:10 GMT -5
Herceg likes this
Post by huh on Jul 10, 2014 10:02:10 GMT -5
Expecting MNKD to see 10.30's again very soon.
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MNKD
Jul 10, 2014 16:07:48 GMT -5
Herceg likes this
Post by huh on Jul 10, 2014 16:07:48 GMT -5
Needs to see that push over 10 tomorrow, otherwise it will visit that 9 area, at least briefly.
JMHO
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Post by huh on Jul 12, 2014 9:45:34 GMT -5
In the very short term, I would have liked to have seen 5 more cents into the close. Hopefully it breaks that pattern Monday morning. A move into the 10.26-10.35 range would break it and put support ~9.90. Otherwise, still consolidating within the FIBs and 9.00 continues to be a possibility. Odds favor the bullish outcome, but there's a whole lot of cheerleaders out there yet that might be easily disappointed & shaken out.
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Post by huh on Jul 16, 2014 11:50:34 GMT -5
If it loses 9.68 again, then sets-up to lose the 9.50 support. Target would be ~8.97-9.06.
Also have to wonder though if MM's won't flash it back under 8.50 again to shake out some of the new cheerleaders. I still see at least one poster calling for a $550+ pps from here (55x's). Hard to rally with that kind of pumping.
Would be nice to see it start to move either direction with some volume. This low volume, slow motion fall is hard to trade from the long side.
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Post by huh on Jul 24, 2014 14:26:54 GMT -5
Finally getting that down move in MNKD I was expecting. Slowly buying back in. Had one gtc auto order hit at 9.07 while I was out.
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Post by birthmark on Jul 24, 2014 17:58:28 GMT -5
Great calls/charts as usual Huh. I will be adding myself. Over 70 million short...
GL
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MNKD
Jul 24, 2014 18:43:29 GMT -5
Post by huh on Jul 24, 2014 18:43:29 GMT -5
Great calls/charts as usual Huh... GL I think that depends greatly on your point of view! Bwahahaha
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MNKD
Jul 25, 2014 12:34:34 GMT -5
Post by huh on Jul 25, 2014 12:34:34 GMT -5
Come on! Quit toying with me. Put a bid in weeks ago for 8.35 and today's LOD so far is 8.357. It then saw a nearly 5% jump off that low on largest volume of the day.
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MNKD
Jul 25, 2014 13:18:23 GMT -5
Post by huh on Jul 25, 2014 13:18:23 GMT -5
Come on! Quit toying with me. Put a bid in weeks ago for 8.35 and today's LOD so far is 8.357. It then saw a nearly 5% jump off that low on largest volume of the day.
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MNKD
Jul 25, 2014 13:29:10 GMT -5
huh likes this
Post by novie08 on Jul 25, 2014 13:29:10 GMT -5
Come on! Quit toying with me. Put a bid in weeks ago for 8.35 and today's LOD so far is 8.357. It then saw a nearly 5% jump off that low on largest volume of the day. Huh, you know the bots can see your order, right? I would say Flash Boys is a must read and then make an informed decision about whether you want to play in this casino.
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Post by huh on Jul 25, 2014 13:44:19 GMT -5
Huh, you know the bots can see your order, right? I would say Flash Boys is a must read and then make an informed decision about whether you want to play in this casino. Oh yeah, I know they can see it. I also know that major retail brokers won't let a buy or sell go through for me unless they make some money on it (I've tested & proven this time & time again watching L2) . Which is why I always try to give them a penny or two both ways. I'd bet they make WAAAY more on this arbitrage then they do on the $7-8 per trade fee. And on top of that, I wonder how much they get paid for that limit order data? So it really, really drives me nuts if I'm off by a penny - or as in this case, even less!
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MNKD
Jul 25, 2014 13:47:42 GMT -5
Post by huh on Jul 25, 2014 13:47:42 GMT -5
Should see at least 9.17 today. Important question is can it get higher than that resistance?
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Post by huh on Jul 25, 2014 15:03:12 GMT -5
Should see at least 9.17 today. Important question is can it get higher than that resistance? Hmmm. Maybe I'll get another chance at that buy next week.
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Post by huh on Jul 28, 2014 9:10:59 GMT -5
Looking for a flush of the stops under Friday's low.
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MNKD
Jul 28, 2014 10:30:55 GMT -5
Herceg likes this
Post by huh on Jul 28, 2014 10:30:55 GMT -5
Should see at least 9.17 today. Important question is can it get higher than that resistance? Hmmm. Maybe I'll get another chance at that buy next week. I still didn't get filled - 8.35 was LOD, but hardly any shares traded there. Canceling my bid and will have to hope for a lower low flush later today/tomorrow.
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