alexer
Lab Rat
Posts: 49 
Sentiment: Long
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Post by alexer on Nov 13, 2014 3:30:37 GMT -5
Hmmm. Win-win all around. Shorts making money bouncing it back n forth. Tutes interest from the shorts bouncing it back n forth. And tutes make money in the end when it goes up. So - are there enough retail suckers tho to move these numbers? Or is this an effectively, self-sufficient engine? Who's the sucker? Couldn't agree more on this! |
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Post by jpg on Nov 13, 2014 4:00:36 GMT -5
Hmmm. Win-win all around. Shorts making money bouncing it back n forth. Tutes interest from the shorts bouncing it back n forth. And tutes make money in the end when it goes up. So - are there enough retail suckers tho to move these numbers? Or is this an effectively, self-sufficient engine? Who's the sucker? So far it is a zero sums game so it cannot be 'self-sufficient'. The sucker is determined retrospectively obviously. So far I would say many holders of time sensitive synthetic financial products and those who use stop losses (for whatever reason) have seen the biggest losses. Those with time insensitive exposure (long and short) have seen very variable degrees of wins and losses based on their entry and exit levels obviously but we are still a way from knowing who will be the ultimate bag holders. As a time insensitive long (shareholder) I sleep well at night. Wonder if many of the time insensitive shorts sleep as well? JPG |
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Post by spiro on Nov 13, 2014 10:07:45 GMT -5
The shorts better be keeping there eyes on institutional ownership. The numbers are starting to come out now. State Street added 1 million last quarter along with 700,000 by Vanguard and over 900,000 by Blackrock. Fidelity hasn't reported yet.
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Post by vissertrades on Nov 13, 2014 10:19:03 GMT -5
Agreed! I've seen no whales selling, quite the opposite. So the crash since approval has been retail, small fish, and shorts? WOW!
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Post by ezrasfund on Nov 13, 2014 10:35:07 GMT -5
Schwab just requested that I loan my shares. Today's interest rate is low, only 3%, but I view it as an indication that the short interest is feeling a bit of pressure today and needs some ammo. As I mentioned before this has been a pretty good indicator of price movements in the recent past.
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Post by BlueCat on Nov 13, 2014 11:05:24 GMT -5
So far it is a zero sums game so it cannot be 'self-sufficient'. The sucker is determined retrospectively obviously. So far I would say many holders of time sensitive synthetic financial products and those who use stop losses (for whatever reason) have seen the biggest losses. Those with time insensitive exposure (long and short) have seen very variable degrees of wins and losses based on their entry and exit levels obviously but we are still a way from knowing who will be the ultimate bag holders. As a time insensitive long (shareholder) I sleep well at night. Wonder if many of the time insensitive shorts sleep as well? JPG Well in truth, of course we (humanity) haven't yet created a truly self-sufficient engine. MNKD is innovative, but maybe not quite that much ... If Al had another 20, maybe! So - perhaps retail, or generally a lot of swing and DTers supporting the Bear attack engine for now ... I guess the overall volume has been mostly low during the "Fall" after the sell-the-news events ... Ridiculous. I am a time-sensitive long and it does keep me up at night. As I imagine it keeps a handful of us with (relatively) sizable investments that got caught at some of the higher entry points and are experiencing pressure as a result. I can imagine retail shorts would be getting a lot less sleep or getting an ulcer if they can't exit. Unfortunately, the large shops probably just wave their hand and look at loss as a tax write-off. Still a win-win for them. Sigh. GLTA investors - whatever your time horizon. I hope when you do sleep, you dream well. |
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Post by babaoriley on Nov 13, 2014 12:46:56 GMT -5
Why is short interest going up a bad thing? As far as I am concerned the higher the better... JPG It's a perplexing thing, and certainly not necessarily bad. I don't like to be perplexed! JPG, you are so sure this is a winner, you're like one of those billionaire guys you mentioned earlier. My certainty level is somewhat high, but pales in comparison to yours. Although I tend to see the downside of almost everything (trained to do so in my profession), I have a high tolerance for risk, all you'd have to do is see some of the stuff I'm in to be convinced of either that or that I've lost it completely! |
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Post by jpg on Nov 13, 2014 14:38:39 GMT -5
Why is short interest going up a bad thing? As far as I am concerned the higher the better... JPG It's a perplexing thing, and certainly not necessarily bad. I don't like to be perplexed! JPG, you are so sure this is a winner, you're like one of those billionaire guys you mentioned earlier. My certainty level is somewhat high, but pales in comparison to yours. Although I tend to see the downside of almost everything (trained to do so in my profession), I have a high tolerance for risk, all you'd have to do is see some of the stuff I'm in to be convinced of either that or that I've lost it completely! I am also by the nature of past experiences (work, investing, sailing, travelling in less then friendly countries etc) very sensitive to the downside/ risk of things. At the same time I am a big fan of pattern recognition. Where has Mann failed in his business life? Where has Mannkind failed? Nowhere significant really. Over the many years I have been invested in Mannkind my big fear was that Mr. Mann would die. The science and clinical trials were no brainers to me. Exubera (and peoples reaction to it) simply reinforced it for me. I remember being puzzled when investors thought Exubera's failure doomed Mannkind (and all other inhaled insulins). I was quite nervous for a weekend pre adcom. Those were some nasty ill thought out briefing documents... I spent a very sleepless night in SE Asia glued to my computer during adcom. Since then we have checked off (to my complete satisfaction) every necessary milestone. Even the 35% thing was as far as I am concerned is perfect. To me 50% would have been dangerous. You might think this is bizarre but in my 'best case scenario' from a purely selfish financial perspective I was thinking a CRL or 2 before approval wouldn't be so bad. I was thinking that there could be some cheap shares to pick up (and did I ever pick some up...). I wasn't expecting the request for 2 phase 3 trials though... All retrospectively little speed bumps few will remember painfully in 10 years. Yes we got diluted but at the same time there was an extraordinary opportunity to pick up some really cheap shares. From my perspective the high short interest is as logical as the sub 2 $ share price we frequently got as a buying opportunity. Both puzzled me but in my analysis both are opportunities. As far as I am concerned very high short interest is just long term price support. The short squeeze thing is misunderstood by many investors. Many seem to think it is a binary all or nothing type of deal. It isn't obviously. Low available shares to cover with, growing 'velocity and acceleration of the decrease of SI' are the variables which make the short squeeze obvious (or not). If we had day to day SI we could better map out when there is a small, medium or large short squeeze. Now, because of asymmetry of information we are left guessing. I am guessing we are now seeing orderly covering. JPG |
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Post by kc on Nov 13, 2014 18:23:53 GMT -5
3% is not enough income to make it worthwhile. Fidelity is charging 16 3/4. I am sure that schwab could pay you more than 3% otherwise not worth it
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Post by ezrasfund on Nov 13, 2014 20:33:30 GMT -5
3% is not enough income to make it worthwhile. Fidelity is charging 16 3/4. I am sure that schwab could pay you more than 3% otherwise not worth it The reason Schwab's rate is so low is that it is SLFP (Securities lending Fully Paid) where they put 100+% of the cash value of your shares in your account and even pay interest (not a factor theses days) on the collateral cash. The shares also remain listed in your account and tradeable as before. I also like to be able to monitor the demand for shares as the interest rate changes. |
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Post by papihoyos on Nov 13, 2014 21:07:36 GMT -5
Does anyone know whether TDA or Etrade is paying to lend shares? I have shares in a UBS Roth account and they told me my shares can not be lent.
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Post by dreamboatcruise on Nov 13, 2014 22:21:52 GMT -5
Does anyone know whether TDA or Etrade is paying to lend shares? I have shares in a UBS Roth account and they told me my shares can not be lent. I have a sizable portion of my shares in a TDA margin account. I've NEVER been paid for any company shares if they have ever borrowed shares from me. But likewise, the few times I've shorted I never remember paying interest on it... dividends yes, but not interest. I've been curious ever since I saw posts about rather hefty interest to borrow shares, as to when that happens... maybe it has to do with enticing people with truly large blocks of shares ? Quite frankly if there is anyone that wants to pay me interest for my shares now and then buy them when I'm ready to sell... I'd probably be up for it. |
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Post by brentie on Nov 14, 2014 8:58:50 GMT -5
Does anyone know whether TDA or Etrade is paying to lend shares? I have shares in a UBS Roth account and they told me my shares can not be lent. Ameritrade does not pay you for your shares that are lent out. I switched to Fidelity for that reason. They are currently paying 11% in both regular and IRA accounts. |
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Post by ashiwi on Nov 15, 2014 9:58:54 GMT -5
Fidelity jumped up my interest to 11% about a week ago. It had been 9% the previous month.
They are charging the borrowers 16.75% interest.
I'll be more than happy to get my 11% as I watch the pps continue to rise.
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Post by mannmade on Nov 25, 2014 20:50:58 GMT -5
MNKDFollow
MannKind Corporation Short Interest
$6.2* 0.040.65%
*Delayed - data as of Nov. 25, 2014 - Find a broker to begin trading MNKD now Exchange: NASDAQ
Industry: Health Care
Community Rating: Bullish
MNKD
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Settlement Date Short Interest Avg Daily Share Volume Days To Cover
11/14/2014 82,431,190 4,782,518 17.235939
10/31/2014 82,027,036 5,101,317 16.079580
10/15/2014 78,219,262 7,599,961 10.292061
9/30/2014 78,579,323 5,418,887 14.501008
9/15/2014 74,292,867 5,182,576 14.335123
8/29/2014 74,067,605 6,004,525 12.335298
8/15/2014 77,343,842 17,109,430 4.520539
7/31/2014 72,584,807 7,791,571 9.315812
7/15/2014 71,777,133 8,642,379 8.305252
6/30/2014 67,874,816 14,447,082 4.698168
6/13/2014 69,425,357 15,169,473 4.576649
5/30/2014 68,246,601 11,207,127 6.089571
5/15/2014 68,035,239 6,058,257 11.230167
4/30/2014 65,647,607 4,865,107 13.493559
4/15/2014 68,329,559 22,359,410 3.055964
3/31/2014 63,995,678 13,257,665 4.827070
3/14/2014 63,558,514 6,342,384 10.021234
2/28/2014 59,244,446 8,143,101 7.275416
2/14/2014 58,118,039 5,938,771 9.786206
1/31/2014 57,387,598 6,549,011 8.762788
1/15/2014 51,450,894 11,687,637 4.402164
12/31/2013 47,463,406 4,039,868 11.748752
12/13/2013 46,192,326 5,052,573 9.142337
11/29/2013 45,287,934 2,748,870 16.475109
11/15/2013 45,451,079 5,291,552 8.589366
When is short interest updated?
NASDAQ OMX short interest is available by issuer for the past 12 months and updated twice a month. Short interest data is reported on mid-month and end-of-month settlement dates. It is then released on a dissemination date after 4 p.m. ET.
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