MannKind: Bull Case Outweighs Downside Risk

I wrote a blog the other day that MannKind bulls hated. It detailed the?? bear case against Mannkind

NEW DELHI: Indian investors should bet on equities and long-term government bonds, CLSA Managing Director & Chief Strategist Christopher Wood said, adding that international gold prices are likely to fall further if the US Fed Reserve begins raising interest rates. Global gold prices touched a 5-year low of $1,090 per troy ounce (31.1 gram) on July 22, down more than 42% from the all-time peak of $1,900 in September 2011. Gold will be a function of what happens on US monetary policy, say experts.

ByClayton Rulli:A friend of mind, we will call him Brett, recently took a speculative position in Mannkind Corp (MNKD), which in my book falls under the speculative category of stock. He bought hundreds of shares and has intentions of holding for at least a couple years, or at least until the ultimate end result of Afrezza is announced by the FDA.

By Valuable Insights: While we are constantly looking for unique, original stock ideas, we also avidly read those of others. When one appears interesting, we start from scratch, and do our own work on it. Recently, we read about LRAD Corporation (LRAD) in an SA Alpha-Rich article by Devon Shire and a brief follow-up last week.

While the following summary of key recent headlines suggests a broad array of issues leading to the worst start of the year since 2008...  

Qualcomm Inc (NASDAQ:QCOM) has faced the brunt of investors\' pressure throughout last year. While the NASDAQ has risen by 2.12% in the past 12 months, shares of the semi-conductor giant have tanked by more than 33% during the same time frame, as investor concerns piled on one after another.

By Nicholas Pardini:My pessimistic outlook on Western economies and stock markets has been a common theme since the inception of the Pardini Report. Our strategy has been hedged for more downside risk, and we have recommended short positions in a market where it seems like this strategy would not work due to the "Bernanke put" that states the Fed will guarantee stocks will never go down in a meaningful way. This thinking is misguided and dangerous for serious traders and investors.

Jeff Pierce submits: Maybe this won’t play out the way I’d like it to, but I’d prefer more of a pullback before opening a position in TLT, say back to it’s 50ma. Given that yesterday’s gap up 2% rally was on weakened volume it still could make it’s way down to that important moving average.