MannKind Corp. (MNKD)

[Denise Chanterelle]

Good post from another board. BBQ sauce anyone?

Most terrible nightmare for shorts: have 100% gain and see it daily melting to 80%, 70%, 60%... without possibility to realize it.

Any attempt rapidly cover 15-20% of SI (20-30M shares) will induce pps spike to $7-8 and erase all current virtual gain for shorts. They only can cover 2M for a couple of weeks i.e. 200k per 1 trading day. With current daily volume 5M shares it's just leas than 5% of daily volume.
Any future positive events like TD adv, EMA approval, approval in Israel, China, India, Japan will burn shorts to ash with -30-50% losses (if pps jump to $12-15 range).
So, what they gonna do? There 2 ways: 1) start to cover now and got nothing i.e. no gain no losses; 2) wait 3-6 months and got 30-50% losses.