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Mnkd
Pretty risky holding MNKD long thru the adcom. Most don't think it will be approved this time around. I haven't played MNKD in several months, and may only trade it again if we get a run-up scenario into the PDUFA date which first hinges on a positive panel tomorrow.
Good luck if you're holding though. Gambling at its best!
Ye just betting what I can lose. haha.
But long or short....it's a bet.
Went the directional route with about a 550 gamble.
BTO and filled at Market 4 Apr' 14 $4.00puts @ 1.39
About the same amount I would put on the black jack table in a sitting so pure gamble. Guess should also note personal money not the funds money.
T1 vote - 13 yes 1 no 1 abstain
T2 vote - 14 yes 0 no
Should get the pop needed. Now on to the FDA decision later this year. Sounded like they was a little concerned about the cancer risk. So this one should stick to the day trade / short term swing list till the next gamble date
Now comes position management on how they open it. Possible turn this into a credit spread using ITM puts when it opens tomorrow. Or just let the gamble expire. Guess I will decide on that when it opens tomorrow.
shorts just lost it all and there are a bunch, that could be fugly tomorrow in terms of squeeze. Will be watching dips for buy opps. Not chasing this though.
