MannKind Corp. (MNKD)

[Hypi]

Mike C and Matt both bought into the stock at various times between May and the end of August on the open market. Prices averaged about where we are today .80 and they even bought as high as .99, but also in the mid .70 range. Now why didn't they buy on the dip under .50 both times? Pretty simple as they knew significant information would be released, so you need at least 30 days and in most cases 90 days before a 10K or 8K is released if you are going to buy as an insider. The news on the SNF settlement fit that bill and they were within the right parameters. I'm sure they would have liked to buy some more in the .60-.70 range, but were prohibited based upon forthcoming news. I think a very significant PR is in the works and it explains the huge volume and nice price increase. Its just a matter of time.

Someone found a deal with the VA for Afrezza which opens up a whole new market as 24% of all Veterans have diabetes. Now that VDEX has been up and running for a month along with the new insurance approvals by mid Jan 2017 along with their active move to ramp up the sales reps these guys know Afrezza scripts are ready to bust out. RLS could happen any day as well.

This price action, volume and the quietness from management tells me something is right around the corner. Also the call volume is a dead give away as shorts and longs seem to be piling in to calls both for protection against short positions and to ride the next wave.

Like today's action as it wouldn't have been unusual to see a little profit taking, but I have a good feeling the afternoon will see more buyers then sellers and we can make another move up. JMO