As Peter Lynch said "buy companies that are hated by public" Touched the bottom of downward channel. Upcoming PDUFA can affect the stock price in a negative way and push it to $1 (or even down below a bit). The company has a huge debt and it is priced as BK company but it has great pipeline and it has all the chances to get a decent deal on opioid case. In such a...
$MNK is up 40% this week after positive comments from the company's CFO. With a massive short position in the stock, we think this rally has further room to run. The stock started rallying this week after Chief Financial Officer Bryan Reasons said at the J.P. Morgan Health Care Conference on Monday that the company could pay off its potential 2020 debt...
$MNK has been badly beaten up over the opioid crisis. It's been a favorite of the shorts and they have banked 77% ytd. However, we think judging by the chart, that $MNK has turned the corner and is set to keep climbing. Shorts can help this climb as 55% of the float has been sold short. We could see a massive short covering rally. The latest news is Mallinckrodt...
MNK is dead or almost dead. Often times there is a dead cat bounce in stocks like these, as 'everybody' gets the same idea to throw some money at it. This is a high risk scenario but with potentially good risk to reward ratios. Disclaimers : I've clearly said this is high risk. This not advice to trade in securities. I am simply showing what may happen from...
Mallinckrodt named the best biotech stocks to sell short in a decade
Momentum stock picks for next 20 days similar to NIO and ROKU 17% - 40% moves BBY CLVS CRM INSP STNE AMRN ACAD MNK CRC HZNP MDCO BOX ZUO TME MTDR See recent real trades idea: www.thetechnicaltraders.com
When in doubt, short garbage. They can't run the market up 800 pts every day, and this one's already losing steam. Only buyers are shorts getting margin calls.
I think MNK looks interesting at this price. Price has been driven down. Could potentially continue to fall, but in long run, this could be a good potential buy opportunity. Time will tell. The IV% on short dated put options are much higher than normal. I sold a couple 3/2 $15P for .80/contract (3 days till expiration) B.E. (or purchase price if exercised)...
We've been through DDD,VRX,GPRO to the recent TEVA stories to me MNK is just another. Back to the days I was a proprietary trader, MNK is one of my favorite name as if I don't know what to trade in any given day I tried to short the name. Only if we kept "it's never too low to sell" in mind that we can catch this kind of profit, otherwise we might be stopped out...
Bough the possibly* weekly false brake(*will see at weekly close) on the support of the trading range. Very similar to my previous MOS trade, will link to it for reference. Hoping for a push higher and if closing above 80 area, a possible upgtrend follow-through, surpassing MOS trade results.
MNK finally broke out of the flag pattern, now i'll be watching for a red to green move, or continued momentum tomorrow
$MNK still forming a flag, if it doesn't break tomorrow then I might swing overnight with a shorter position depending on how it closes.
will be watching for continued momentum following this flag breakout tomorrow