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Post by goyocafe on Apr 3, 2015 10:58:11 GMT -5
Why not? If you've been around long enough you'll know that we have no control over the share price any way. Why not get paid while they screw me? LOL why not? because you are providing the uzzi's to the enemy for money; their intent to slaughter your investment. That's why not. That's why I sold almost all of my stock to close my margin account. I only hold MNKD and that's it. I could be making money on my 31,000 shares; but I'll be damned if I'm willing to lend them to the enemy of this company. Short reward is not what I'm after. Our share price has been diminished as a result of this practice. Maybe if naked shorting didn't exist the price wouldn't be as unnaturally controlled as it obviously is. Good luck to us. I understand the desire to make money on an equity getting creamed but I won't contribute to the effort. Of the 90+ millions shares short, how many are retail shares, and how many of them are a result of the lending programs being discussed here? We could be arguing about such a minuscule number of shares relative to the overall short share count, that we're calling names and passing judgement for no good reason. Those suggesting that the few that are known to be doing this from retail accounts and having a profound effect on PPS have no basis for that claim. At best it's a philosophical difference of opinion. Just my two cents.
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Post by kc on Apr 3, 2015 11:40:15 GMT -5
It's a personal choice but with 31,000 shares your leaving 90.00 a day on the table at 20%. why not? because you are providing the uzzi's to the enemy for money; their intent to slaughter your investment. That's why not. That's why I sold almost all of my stock to close my margin account. I only hold MNKD and that's it. I could be making money on my 31,000 shares; but I'll be damned if I'm willing to lend them to the enemy of this company. Short reward is not what I'm after. Our share price has been diminished as a result of this practice. Maybe if naked shorting didn't exist the price wouldn't be as unnaturally controlled as it obviously is. Good luck to us. I understand the desire to make money on an equity getting creamed but I won't contribute to the effort. Wow, you had a margin account? While I do agree with you, morally it's wrong to short a stock, but financially and also the reason why we're all gambling in the stock market here, is to make some extra funds at the end of the day. Everybody has their own investment strategy, what works for some, might not work for others, but in the end it's your money and you should be able to do what you want with it.
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Post by joeypotsandpans on Apr 3, 2015 11:48:49 GMT -5
In the end it makes no difference if you are lending the shares, the market will eventually (recognizing for some eventually has been painfully long) efficiently price the shares however it may occur. This can happen overnight or gradually but either way if you are an INVESTOR it shouldn't matter who is lending their shares because again in the end if your thesis is that the company will find its true value you're just increasing your returns by lending them out. I now know several that are taking their "dividends" and reinvesting them into more shares compounding the returns. If you think that makes poor financial sense then I suggest you re-evaluate your investing strategies. I am probably ONE of the "culprits" responsible for instigating the idea, there were quite a few that were hesitant to do it initially because they didn't think it was the "right" thing to do...well ask them how they feel about it now, some after several months have made out dearly...wish Fidelity and others would cut me in on some of the juice but on a more serious note I actually love the shorts (whether it be the convertible note holders, BofA, Karp, etc.) continuing to aggregate their expense in maintaining and carrying their position(s). The beauty of today's information pathways whether it be the social media/forums/ up to date numbers from the brokerage firms on their available shares and/or cost to borrow has changed the playing field imo. Sure the AF's among others try to use it to their advantage but it works just as much the other way also ie., Sam, Eric, our own Spiro, Rho, etc. etc. So you can believe that lending shares is akin to giving the opposite side of the trade (the enemy) weapons of mass destruction but again in the end you will end up finding the same type of results imo as the ISG group found during their investigation (http://en.wikipedia.org/wiki/Iraq_Survey_Group) ...in other words, barking up the wrong tree just like AF usually does.
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Post by thekindaguyiyam on Apr 3, 2015 12:16:57 GMT -5
It's a personal choice but with 31,000 shares your leaving 90.00 a day on the table at 20%. Wow, you had a margin account? While I do agree with you, morally it's wrong to short a stock, but financially and also the reason why we're all gambling in the stock market here, is to make some extra funds at the end of the day. Everybody has their own investment strategy, what works for some, might not work for others, but in the end it's your money and you should be able to do what you want with it. Feels like I hit a nerve. I replied to the question: "why not" and provide an honest reply that represents my values. I did not call anyone a "name"; I spoke/speak from my experience. If the shares have no value then why are you are being paid for them at a high % if it makes no difference to the short side? What I'm hearing from a few is that "naked shorting" is the reality of things and an acceptable practice to profit from it as is not only legal but a financially astute (profitable) thing to do. What is the retail float? I've been thinking about it. I think 90 million shorts are about 45% of it with the remainder in the hands of Alfred, Management, Institutions, and Investors. The balance being played by an organized syndicate using flash trading and the impression of sell off's using borrowed shared coupled with media as a smokescreen to affect temporary valuation. Joey is right in that the long run short trading will not matter because science and medicine will prevail. I also agree that we each have and are entitled to our own investment styles and interpretation of what is moral (because it's a subjective and personal thing). A question was put out there... and I replied with passion because of what I'm seeing and all the BS (the big lie / Illusion) from those at the top of this Short Food Chain. I could use 90 bucks a day right now to be completely honest, however I will not sabotage myself by cooperating with those who are naked shorting; using my equity to finance their deceit, lies and theft. As our Taoist friend eloquently stated there are many ways to see the world. If you are lending your shares for money, that's your business. It's just not a value I share. With the years of research I have put into my discovery MNKD and of Alfred Mann's contribution to the world I've become a believer. I have a sense of how much less suffering there will be as a result of Alfred's genius; I am a devotee of this company and it's tremendous potential. Technosphere is a game changer. I remain Long and Stubborn, even without that extra 90 bucks a day. This is about as religious as I get in any of my convictions. Good Friday to You all and Good Luck to All of Us.
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Post by jpg on Apr 3, 2015 13:45:49 GMT -5
What I'm hearing from a few is that "naked shorting" is the reality of things and an acceptable practice to profit from it as is not only legal but a financially astute (profitable) thing to do. Naked shorting is totally illegal that is why shorts have pay us to borrow our shares. This is one of the ways the playing field is made a bit more level for us...
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Post by thekindaguyiyam on Apr 3, 2015 16:21:16 GMT -5
What I'm hearing from a few is that "naked shorting" is the reality of things and an acceptable practice to profit from it as is not only legal but a financially astute (profitable) thing to do. Naked shorting is totally illegal that is why shorts have pay us to borrow our shares. This is one of the ways the playing field is made a bit more level for us... Right you are. I stand corrected. Is it enforced. Rhetorical question. Can they get away with it? Yes. So it isn't legal; it is illegal and a regular and obvious practice and direct affirmation from those who do it like Cramer (we've all seen the utube video). My guess is the reason the law is not enforced is because it's not being funded. My guess about that is that legislators are taking money and don't want it enforced as it's about huge money. fortunes. It's a rigged game. If you can handle the current and believe this is the real thing; then the rest is just background noise. But once again; I'm sure as hell not going to help them.
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Post by tbone on Apr 5, 2015 10:34:40 GMT -5
[quote author=" thekindaguyiyam". But once again; I'm sure as hell not going to help them.[/quote] If they are borrowing your shares then they are not shorting naked. You would be helping those that want to short legally, those finding and borrowing the shares. All good and fair.
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Post by kc on Apr 9, 2015 18:18:12 GMT -5
Friday afternoon short report. My bet is + 2,000,000 shares to 92,000,000. Anybody care to guess or bet?
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Post by Deleted on Apr 9, 2015 18:37:08 GMT -5
Fidelity still holding steady at 20%. My guess is we are relatively flat.
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Post by otherottawaguy on Apr 10, 2015 9:55:18 GMT -5
I'll take some action on a decrease, although that attempted push to 5 will probably prove me wrong.
OOG
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Post by bradleysbest on Apr 10, 2015 11:07:09 GMT -5
94 M
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Post by Deleted on Apr 10, 2015 15:08:21 GMT -5
3/31/2015 95,717,587 3,373,112 28.376641
Holy...
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Post by joeypotsandpans on Apr 10, 2015 15:11:59 GMT -5
3/31/2015 95,717,587 3,373,112 28.376641 Holy... Like I said, parallels Greece
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Post by spiro on Apr 10, 2015 15:12:31 GMT -5
28 days to cover?
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Post by jpg on Apr 10, 2015 15:23:51 GMT -5
That is truly amazing... Who is picking up all those shares? They seem to keep on buying at the current MK. Granted this is already old information but there must be someone still buying all the attempted bear raids or forcing the shorts to stop trying?
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