Re: Stockpickr.com
in response to
by
posted on
Jul 12, 2012 04:18AM
Edit this title from the Fast Facts Section
It seems most sites reporting Mann's recent shares have not done their homework at all and are pumping MNKD. Had they done their DD, they would not have written that he "purchased" shares and that this was in the works since Feb as the company's SEC release states. I believe I have only read one article that correctly explained the shares Al just received.
And anyone trying to use technical analysis on this stock as a way to determine if it's about to "break out" should be laughed out of town. A magic 8 ball would be as useful as would chart reading MNKD.
Unless the hedgies and Wall ST insiders know something (like those insider trading crooks typically do), this stock will just bob up and down like a piece of debris in the ocean. This company needs to remove the uncertainty hovering over it's head with specifics to financing. The question is will the news about financing be good or bad. Bets are that it will be more bad for us stockholders than good.