MannKind Corp. (MNKD)

[Southbird66]

Nice big spike in buy volume at the end of day on no news, for a 10% one day gain. The obvious explanation is that the shorts got way ahead of themselves with 44% of the float (and 19 days to cover) in the midst of a big throw back rally by the overall market. When the shorts saw the market failing to rollover in the last hour (like it did yesterday) and breaking and holding above the downtrend resistance channel of the S&P 500 at the 1925 level, it was off to the races, which is why we saw such a huge spike in volume in the last hour. To me, given the huge number of recent shorts still outstanding and the lengthy "days to cover" statistic, it looks like we could be in for an extended short covering rally for the next few weeks. Just my opinion.