there is a time to own something and a time to be patient.
Time to own something is when its giving folks a reason to own it and the market IS buying.... time to be patient is when there is a reason to own it, but the market isn't buying....
Does that make me a 'bear'? Not really... for if folks aren't 'buying', the potential exists that those holding might become sellers.... which for the patient 'buyer', could mean a better entry price...
To me a 'bear' is one that expects the stock to fall because it won't give the market a reason to be a buyer of it.... or its overpriced, etc. I expect it to fall simply because of a lack of buyers....
with MNKD.... there MAY be a time when the chart says, folks want the shares again.. Going to say it, but I will take shares at $5/sh if I can get them... I will take some at $6 or $3... because when I do, I expect the share price to rise because of street interest picking up... Right now, there just doesn't seem to be any.... So not a bear, just not willing to buy something that has the potential to drift lower while the conditions set up to attract new buyers...