|
Post by petech on Sept 8, 2015 8:49:44 GMT -5
I confirmed with Fidelity that the rate for us (lenders) changed to 21% on Friday....so Friday, Saturday, Sunday, and Monday, you got 21% on your shares.
It moved up to 19.5% on Tuesday of last week as well. Historically, two moves up in one week has been a pretty good omen for the rate moving up the following week.
I hope everyone had a wonderful Labor Day weekend.
|
|
|
Post by mssciguy on Sept 8, 2015 9:44:45 GMT -5
I confirmed with Fidelity that the rate for us (lenders) changed to 21% on Friday....so Friday, Saturday, Sunday, and Monday, you got 21% on your shares. It moved up to 19.5% on Tuesday of last week as well. Historically, two moves up in one week has been a pretty good omen for the rate moving up the following week. I hope everyone had a wonderful Labor Day weekend. No doubt this has been discussed before, but have you all ever considered calling back your shares for a week? See what happens?
|
|
|
Post by petech on Sept 8, 2015 10:16:15 GMT -5
Perhaps I have. And I am just accounting for lost interest out of curiosity.
|
|
|
Post by thekindaguyiyam on Sept 8, 2015 15:04:01 GMT -5
MNKD remained alpha with the market. Nice to see another up day! @ 21% those shorts who borrowed money can't be all that happy.
|
|
|
Post by mssciguy on Sept 8, 2015 15:14:48 GMT -5
MNKD remained alpha with the market. Nice to see another up day! @ 21% those shorts who borrowed money can't be all that happy. One theory is that they've already pushed options prices down so much, they're covering at a colossal discount. Now to complete their position..... Hedge funds 101? No, a little more advanced, for sure and GS is probably leading the pact with it's secrecy agreements and tentacles.
|
|
|
Post by dreamboatcruise on Sept 8, 2015 15:50:14 GMT -5
I confirmed with Fidelity that the rate for us (lenders) changed to 21% on Friday....so Friday, Saturday, Sunday, and Monday, you got 21% on your shares. It moved up to 19.5% on Tuesday of last week as well. Historically, two moves up in one week has been a pretty good omen for the rate moving up the following week. I hope everyone had a wonderful Labor Day weekend. No doubt this has been discussed before, but have you all ever considered calling back your shares for a week? See what happens? From my understanding brokers do not at all like customers "calling back" shares other than in the case they wish to sell. In fact in some of Schwab's sign on material to the program they even request that you not put shares into the program you don't intend to hold long term. Brokers have relationships with the clients or firms they lend these shares to. They don't want to be in a situation of jerking them around by loaning and then having to recall shares... puts them in very bad position. I believe unless one is a very "high value" client with a brokerage firm you will find yourself no longer in the paid lending program if you start recalling shares. I certainly recommend that anyone that has MNKD in an account with margin balance that isn't getting paid to loan out the shares should do whatever is necessary to avoid having them loaned out without your knowledge.
|
|
|
Post by kc on Sept 8, 2015 15:52:54 GMT -5
Load, Wash rinse and repeat. Seems like we will see that pattern again just like May.
|
|
|
Post by cretin11 on Sept 8, 2015 15:56:05 GMT -5
I certainly recommend that anyone that has MNKD in an account with margin balance that isn't getting paid to loan out the shares should do whatever is necessary to avoid having them loaned out without your knowledge. Absolutely right. Unless i'm missing something, we should ALL be following that suggestion.
|
|
|
Post by cretin11 on Sept 8, 2015 16:09:24 GMT -5
Just to follow that up, it doesn't hurt to be reminded of what Matt said about the topic:
"If any non-employee shareholders are unhappy about the effect of shorting on MannKind’s share price, I strongly encourage you to make sure you are not enabling the practice. Talk to your broker and make sure your shares are held in an account that doesn’t support lending."
|
|
|
Post by babaoriley on Sept 8, 2015 18:02:32 GMT -5
MNKD remained alpha with the market. Nice to see another up day! @ 21% those shorts who borrowed money can't be all that happy. One theory is that they've already pushed options prices down so much, they're covering at a colossal discount. Now to complete their position..... Hedge funds 101? No, a little more advanced, for sure and GS is probably leading the pact with it's secrecy agreements and tentacles. mssciguy, you are definitely writing the screenplay!
|
|
|
Post by jonesq on Sept 8, 2015 22:34:45 GMT -5
|
|
|
Post by irrationalexubera on Sept 9, 2015 0:00:13 GMT -5
No doubt this has been discussed before, but have you all ever considered calling back your shares for a week? See what happens? From my understanding brokers do not at all like customers "calling back" shares other than in the case they wish to sell. In fact in some of Schwab's sign on material to the program they even request that you not put shares into the program you don't intend to hold long term. Brokers have relationships with the clients or firms they lend these shares to. They don't want to be in a situation of jerking them around by loaning and then having to recall shares... puts them in very bad position. I believe unless one is a very "high value" client with a brokerage firm you will find yourself no longer in the paid lending program if you start recalling shares. I certainly recommend that anyone that has MNKD in an account with margin balance that isn't getting paid to loan out the shares should do whatever is necessary to avoid having them loaned out without your knowledge. i do not currently lend my shares (and i only have a small amount anyway), but if i pursue that and am accepted, does anyone know if i am allowed to sell covered calls against them either before or after lending?
|
|
|
Post by cretin11 on Sept 9, 2015 2:46:18 GMT -5
irrationalexubera, I'm pretty sure the answer to that question is no, you wouldnt be allowed to sell covered calls on those shares.
|
|
|
Post by thekindaguyiyam on Sept 9, 2015 12:34:17 GMT -5
as gomer pile would say "surprise surprise surprise". they couldn't bring the share price yesterday because of the strong market. Today is another day... with the increase to 21% 4 days ago. What a coincidence.
|
|
|
Post by kc on Sept 9, 2015 13:51:59 GMT -5
as gomer pile would say "surprise surprise surprise". they couldn't bring the share price yesterday because of the strong market. Today is another day... with the increase to 21% 4 days ago. What a coincidence. yep its another ugly market day.
Attachment Deleted
|
|