• neobliviscar
    Selling some MNK Oct puts here. Intent is to go long a small position. This one is a highly speculative personal trade.
    9/26/12
    Reply (26)
    • John Rayhall: I'm getting my A$$ handed to me right now no bottom in sight it seems.
      9/26/12
    • neobliviscar: Clusterf**ks like this one take beatings until every long is flushed out. I expected a little more drop, even from here. Then up to company
      9/26/12
    • neobliviscar: to put out real numbers that attract value buyers able to see past the smoke, mirrors, & bits of flaming shrapnel burning on the ground.
      9/26/12
    • John Rayhall: I'm trying not to get flushed out but it is hard! I mean down like 70% or more in 5 days that's insane. Way oversold here.
      9/26/12
    • neobliviscar: Wish I knew the answer here. This one might hurt for a while & be a real rebounder in 6 months.
      9/26/12
    • John Rayhall: haha ya me too ok well let's see what happens over the next few days
      9/26/12
    • piggysun: keep sliding deeper in these two days --- not feeling good. The rebound could be slow this time.
      9/26/12
    • dave staggs: Averaged in at 21.40, it has been a wild ride so far. I have decided to stick with it until earnings, then see what happens. GL all
      9/26/12
    • piggysun: good luck! my average is similar, 20.34, planning to load more if it goes below 18 tomorrow. Btw, MNK managing team is really bad this time
      9/26/12
    • dave staggs: Unless I have missed it, the MNK has been very quiet about what is going on other than the Q2 report sent this morning. All crickets...
      9/26/12
    • John Rayhall: They defended the company after the Citron report but said nothing so far after the reoprt they were being investigated by the Govt.
      9/27/12
    • neobliviscar: Simple as: probably under orders by their lawyers not to say anything. Over the years I've, as a friend or former business assoc., consulted
      9/27/12
    • neobliviscar: 3 co.s battled by shrt sellers. The diff of wants & perception between lawyers, mngmnt, & traders-fin.types can be as wide as the oceans.
      9/27/12
    • John Rayhall: BIIB faced a govt investigation into marketing practices and their stock has soared. I don't scare easliy but MNK is one scary stock lol
      9/27/12
    • John Rayhall: Good luck to everyone! :)
      9/27/12
    • John Rayhall: Basically this is sinking like a rock def overstayed my welcome in this tarde it seems. Thinking of just taking the loss
      9/27/12
    • John Rayhall: How much is this forced margin selling? I mean stock is down what 75% in 6 days or so you rarely see a stock crater like this.
      9/27/12
    • neobliviscar: Think last shake-outs come 2day & tomorrow. Unless another news bomb over the wkend, probably some buying Mon or Tues. Thats my best guess.
      9/27/12
    • John Rayhall: We'll see doesn't look that promising as of right now.
      9/27/12
    • piggysun: i'm seeing some short coverage this morning...good trend now
      9/27/12
    • gethigh: Averaging around 25 myself. I wouldn't worry. The overall mood in the market is bearish anyway. Praying for good Q3 earnings.
      9/27/12
    • neobliviscar: Scaled in over a few days. Nice cost avg around $18.-Enjoying the climb-. Will cut 1/2 position to bank if it gets to to $25. Ride the 'rest
      10/8/12
    • gethigh: I envy you guys who got in under 20 :-) Oct. gonna be a nice month.
      10/8/12
    • neobliviscar: ;-) .....
      10/9/12
    • neobliviscar: I had a limit in at $24.99 to sell half. Got popped. This stock is recovering faster than I thought it would. Wait and see on the rest...
      10/16/12
    • gethigh: I didn't expect it either. Biotech sector is just naturally itchy it seems. E.g.: VVUS and ARNA, which has more drama than a telenovela.
      10/16/12