Re: Weekly Stock Watch:
in response to
by
posted on
Oct 22, 2012 07:43PM
Edit this title from the Fast Facts Section
Conversely, I think the MNKD stock stayed unreasonably high for quite some time for no apparent reason!! (other than to scare OPC - although he'll tell you he was "sitting chilly!")
I think the $2.60 price was more remarkable than it's current price and slide, which just seems like something you'd expect after this offering.
Too many people (far from everyone, but enough to affect the share price) figure this is dead money for some time, maybe several months, maybe more; but, whatever it is, this is not a general market speculator or even biotech speculator's stock right now. It may be in two months, it may be in four months, but not right now.
So some of those that do not love the company (or have a love/hate bond that's even stronger) sell and search for something else, and those that do remain are "maddened."
I remain confident we'll get one more shot at approval, but no guarantees that we'll be approved. You'd think we would, but stuff happens - if that were not so, perhaps we would be trading at $5 right now.
I still am ready to take $10 next, say June, really, the decision of when to sell is so difficult, sometimes it's better if someone else makes it for you!