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Post by newmnkdinvestor on Jun 11, 2015 10:40:32 GMT -5
Question--- I have shares in an IRA account that is over looked by financial advisor. Can that firm lend my shares out without me knowing about it???
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Post by tbone on Jun 11, 2015 10:44:44 GMT -5
Question--- I have shares in an IRA account that is over looked by financial advisor. Can that firm lend my shares out without me knowing about it??? Shares in IRA are fully paid for and will not be lent without you allowing it.
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Post by tmann on Jun 11, 2015 17:52:00 GMT -5
There is a description of a sophisticated disinformation campaign employing social media manipulation of the same type employed by MNKD short sellers. Unfortunately it is behind a paywall -- and the PDF is too large to attach. www.nytimes.com/2015/06/07/magazine/the-agency.html
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Post by liane on Jun 11, 2015 18:14:28 GMT -5
I had no problem seeing the article. It's possible that NYT allows a certain number of free views. Another trick that often works if you have trouble viewing something behind a paywall is to google the title. You often then access the entire article.
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Post by anderson on Jun 12, 2015 9:28:13 GMT -5
Was thinking about the Bank of America(Merrill Lynch) shares today. I was wondering if an institution that buys and then loans out shares shows up as the owner(wouldn't the borrower be the owner)? If that is the case has BoA already covered their short position which was initiated at $5.55 per share? It seem like it would be a less risky to cover and loan the shares, since the stock has been volatile and interest rates have been good for a while. Also that way recalling the share right as the note is due could force a squeeze which BoA would be insulated from, but those holding the note would be able to convert and make a large profit. Basically both parties would win on both sides if the trade. So does anyone know if BoA could be hiding how many shares it has by loaning them out?
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Post by Deleted on Jun 12, 2015 10:08:02 GMT -5
Was thinking about the Bank of America(Merrill Lynch) shares today. I was wondering if an institution that buys and then loans out shares shows up as the owner(wouldn't the borrower be the owner)? If that is the case has BoA already covered their short position which was initiated at $5.55 per share? It seem like it would be a less risky to cover and loan the shares, since the stock has been volatile and interest rates have been good for a while. Also that way recalling the share right as the note is due could force a squeeze which BoA would be insulated from, but those holding the note would be able to convert and make a large profit. Basically both parties would win on both sides if the trade. So does anyone know if BoA could be hiding how many shares it has by loaning them out? Im pretty sure the note holders are: * Bruce and Company - 30M * Tenor Capital Management - 23M * Graham Capital Management - 22M * Lazard Asset Management - 11M * Wolverine Asset Management - 7M * Dupont Capital Management - 5M
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Post by nemzter on Jun 12, 2015 15:24:06 GMT -5
FYI - just had 20k shares returned to me, not sure what everyone else is seeing, I'm sure they'll be borrowed come Monday
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Post by Deleted on Jun 12, 2015 15:27:18 GMT -5
Same, just has 10k shares returned to me.
Interesting too, because a ~30k block just crossed AH
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Post by goyocafe on Jun 12, 2015 15:34:33 GMT -5
FYI - just had 20k shares returned to me, not sure what everyone else is seeing, I'm sure they'll be borrowed come Monday They returned 18,019 shares to my account this PM as well. I think someone is playing a short short game and not going into the weekend with them borrowed, perhaps accounting for the price increase before the close today.
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Post by Deleted on Jun 12, 2015 15:40:54 GMT -5
I'd have to go back to see what price they were borrowed at, but this is the first time they came back since I've done it, so i considered the short involved pretty strong handed
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Post by petech on Jun 12, 2015 15:49:42 GMT -5
Yeah same deal with me. Plus they didn't up the rate to 33% as I had hoped. Oh well. Still plenty of shares lent out. Just annoying when they return them on a Friday.
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Post by patryn on Jun 12, 2015 16:00:18 GMT -5
This is kind of funny. Someone returned 90 shares to me as well. That 90 was part of a different batch that got lent out since the original batch holder likely wanted a round number.
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Post by joeypotsandpans on Jun 12, 2015 16:24:59 GMT -5
Most likely returned to comply with notices prior to the end of trading session, indicative of the uptick today towards the close. When AF starts tweeting about "shouldn't be investing with a short squeeze thesis" and David's ridiculous article that got ripped to shreds that came out in the middle of the night prior to the open it wreaks of desperation IMO. AF...."doubt it gets approved/wow I was wrong", "MNKD balance sheet getting bloated"/actually MY paychecks are getting threatened as my spewage has not only had less and less effect but has caused those paying me (would love a forensic accounting of his bank accounts along with a log of his texts and emails prior to the articles getting released) a deeper and deeper hole to get out of....and the latest about investing based on an anticipated short squeeze/ ? we'll see how that one gets countered. I'm at a point where I may start looking at the other equities he is spewing about and go the opposite as he may be a huge contrarian indicator for most end games...one that stands out right now is CUR, they had a pop earlier this week with what looked like a quick short covering bout ...look what happened earlier in the week when they scrambled to cover to deliver on that one....he has been a pawn for that stock as well. See his comments after they had positive results/news regarding their leading candidate in trials...there are others, just follow the trails of rat poop....you most likely also will find GS as the storefront that continues to breed the rats...for their HF clients.
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Post by ashiwi on Jun 12, 2015 17:00:08 GMT -5
I also had a bunch of shares returned to me at the close. Apparently the shorts don't want to pay Fidelity 46% interest over the weekend . The same thing happened to me a couple of months ago and the shares were borrowed back on Monday.
If this were the beginning of short covering, the interest rates will start to decrease and the share price should increase.
The stock only has to go to 7.63 (up 1.76) from here (5.87) to be the equivalent of a 30% gain. While the interest is great, I would like to see the stock above $8 which would net us more than the interest.
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Post by anderson on Jun 13, 2015 2:28:12 GMT -5
Had 300 shares returned to me as well.
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