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Post by harrys on Sept 11, 2015 22:19:15 GMT -5
Thanks for the insight. It does make sense that they would pay the $0.01 to the original holder as opposed to closing out their position. I was under the impression that the naked shorting was more of a systemic problem at any given time but I could be wrong.
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Post by tonyz on Sept 12, 2015 1:16:41 GMT -5
First of all, just wanted to say I'm enjoying and appreciate this forum. I don't even mind the occasional negative perspective. I like to know what the guy on the other side of my trade is thinking. At the risk of being "Mr. Obvious"... All those shares sold short will have to be bought back some day. There are a huge number of shares that will need to be bought when and if we start getting some unexpected good news. A lot of bad news is already priced into the stock. I have a huge position in Jan 17 3 dollar calls (LEAPS) so if the stock price is below $3 on the expiration date my investment is wiped out. Today I added to my position by buying Jan 17 3-7 call spreads at prices between .74 and .80. I have no business adding to my MNKD position because I'm way overweight in it but couldn't resist the risk-reward ratio on the trade. Using round numbers if MNKD is 3 or below on expiration I lose $800 on 10 contracts if it's $7 or above I make $3200. Hope there are others that might benefit from this. Of course there's no guarantee that MNKD will be above $3.00 in January 2017 but I do like the odds. I have to say you are a lot smarter than I am! I bought the 2017's but I bought the 5's and 7's. 380 of them:-( I was going with my gut. But in the last year I think my guts been out to lunch! Lol. I started with almost nothing buying the home builders in 2010 and did well. So in a way I'm still on the houses money. If I have to start over again then so be it. I think we have a winner! Good luck and good times ahead!! I wouldn't say smarter... I've just been doing it for a very long time. I could bore you with stories of my dumb trades, but suffice it to say I've made plenty of them. Looking back, I like to think of them as tuition and I try to learn from them. I'm hoping MNKD will not be one of those. I have some 5's also and haven't given up on them. I'm very optimistic on Afrezza becoming a viable product, but less confident about the timeline. I do think there's good chance MNKD will be above 5 in the next year and even get back to the 7 level with gradual growth in prescriptions. If there happens to be some unexpected good news or a short squeeze we could even get a bigger pop. Then we can all tell the world how smart we are. Anyway, time to stop dreaming and manage our risk as the stock fluctuates over the next year.
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Post by dreamboatcruise on Sept 14, 2015 11:15:56 GMT -5
Schwab paid interest rate just jumped from 16% to 20%.
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Post by cjc04 on Sept 15, 2015 9:56:36 GMT -5
Random idea/question....... I didn't want to start a thread, so I thought this would be the best place to pose an idea and see if it is at all possible... In regards to the massive and seemingly fearless short position...... I just can't believe they're simply non believers of Afrezza. I am not naive enough to think I know something WS doesn't know, they always know everything first.... In fact, I'd bet they knew all the blacked out parts of the contract, like sales projections, which were intentially set low by SNY to use the past 6 months to study and educate, which allowed the crooks to set low targets and now seem like they knew what they were talking about, when in reality it was the plan all along, we just happen to be the ones not "in the know"...... Anyway, I digress.... My question is....... Is it possible, that MNKD will receive shares of SNY as compensation for taking Afrezza... I know that's been discussed many times, the how and when is not my question...... My question is, if this happen, could it be done in a way that MNKD shareholders received the SNY shares and it NEVER affected the MNKD share price? ? Therefore leaving the MNKD value of only Technosphere, which is being priced in now??? And of course WS knows this, which is why they're fearlessly shorting, because they know there will never be a short squeeze. Just a crazy idea, wondering if it's possible. There has to be some explanation other than hero or zero.
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Post by Deleted on Sept 15, 2015 10:03:02 GMT -5
Random idea/question....... I didn't want to start a thread, so I thought this would be the best place to pose an idea and see if it is at all possible... In regards to the massive and seemingly fearless short position...... I just can't believe they're simply non believers of Afrezza. I am not naive enough to think I know something WS doesn't know, they always know everything first.... In fact, I'd bet they knew all the blacked out parts of the contract, like sales projections, which were intentially set low by SNY to use the past 6 months to study and educate, which allowed the crooks to set low targets and now seem like they knew what they were talking about, when in reality it was the plan all along, we just happen to be the ones not "in the know"...... Anyway, I digress.... My question is....... Is it possible, that MNKD will receive shares of SNY as compensation for taking Afrezza... I know that's been discussed many times, the how and when is not my question...... My question is, if this happen, could it be done in a way that MNKD shareholders received the SNY shares and it NEVER affected the MNKD share price? ? Therefore leaving the MNKD value of only Technosphere, which is being priced in now??? And of course WS knows this, which is why they're fearlessly shorting, because they know there will never be a short squeeze. Just a crazy idea, wondering if it's possible. There has to be some explanation other than hero or zero. if MNKD recieves shares of SNY, and if some one is short MNKD, they are liable/obligated to provide the shares of SNY to the buyer of the MNKD shares they shorted..its similar to dividend.. why would it be any different?
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Post by cjc04 on Sept 15, 2015 11:44:02 GMT -5
Random idea/question....... I didn't want to start a thread, so I thought this would be the best place to pose an idea and see if it is at all possible... In regards to the massive and seemingly fearless short position...... I just can't believe they're simply non believers of Afrezza. I am not naive enough to think I know something WS doesn't know, they always know everything first.... In fact, I'd bet they knew all the blacked out parts of the contract, like sales projections, which were intentially set low by SNY to use the past 6 months to study and educate, which allowed the crooks to set low targets and now seem like they knew what they were talking about, when in reality it was the plan all along, we just happen to be the ones not "in the know"...... Anyway, I digress.... My question is....... Is it possible, that MNKD will receive shares of SNY as compensation for taking Afrezza... I know that's been discussed many times, the how and when is not my question...... My question is, if this happen, could it be done in a way that MNKD shareholders received the SNY shares and it NEVER affected the MNKD share price? ? Therefore leaving the MNKD value of only Technosphere, which is being priced in now??? And of course WS knows this, which is why they're fearlessly shorting, because they know there will never be a short squeeze. Just a crazy idea, wondering if it's possible. There has to be some explanation other than hero or zero. if MNKD recieves shares of SNY, and if some one is short MNKD, they are liable/obligated to provide the shares of SNY to the buyer of the MNKD shares they shorted..its similar to dividend.. why would it be any different? Thx, guess I didn't think that thru.... I'll just stay in the corner scratching my head.
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Post by dreamboatcruise on Sept 15, 2015 15:21:26 GMT -5
Assuming shorts actually have no fear it would seem really only two likely explanations...
1) They truly believe Afrezza will fail (this belief obviously could be horribly wrong, but still leave them fearless) 2) They are privy to better sources of information than most of us are and therefore have much better understanding of when the situation on the ground (formulary coverage, script numbers, etc.) will make it apparent that Afrezza will be a success and they will short until then and even potentially go long when the timing is right.
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Post by patryn on Sept 15, 2015 15:24:35 GMT -5
Assuming shorts actually have no fear it would seem really only two likely explanations... 1) They truly believe Afrezza will fail (this belief obviously could be horribly wrong, but still leave them fearless) 2) They are privy to better sources of information than most of us are and therefore have much better understanding of when the situation on the ground (formulary coverage, script numbers, etc.) will make it apparent that Afrezza will be a success and they will short until then and even potentially go long when the timing is right. The shorts are trying to make money like every other investor. They currently believe the risk reward profile is worthwhile for them to have negative shares of mnkd. Whether they are correct or not remains to be seen, but it's not a binary all or nothing decision. They can exit mostly in an orderly fashion when things pick up for Afrezza which could still give them a few years to frolic on the playground.
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Post by harrys on Sept 15, 2015 15:25:53 GMT -5
Assuming shorts actually have no fear it would seem really only two likely explanations... 1) They truly believe Afrezza will fail (this belief obviously could be horribly wrong, but still leave them fearless) 2) They are privy to better sources of information than most of us are and therefore have much better understanding of when the situation on the ground (formulary coverage, script numbers, etc.) will make it apparent that Afrezza will be a success and they will short until then and even potentially go long when the timing is right. I think #2 is likely the Big Player's rationale and 3) They are blindly riding the tailcoats of the Big Players, should apply to the retail shorts. Retail shorts will ultimately be crucified in all of this.
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Post by jbceruti on Sept 16, 2015 11:16:15 GMT -5
I don't lend my shares out but occasionally get calls from my broker Fidelity trying to convince me to participate in the program. They called this morning saying that demand is up and are offering 21%
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Post by mssciguy on Sept 16, 2015 13:01:35 GMT -5
Covering through dark pools? Holy cow--- no volume all day, then wham! Big green candle with no change in price. prntscr.com/8h2le1
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Post by patryn on Sept 16, 2015 13:16:55 GMT -5
I don't lend my shares out but occasionally get calls from my broker Fidelity trying to convince me to participate in the program. They called this morning saying that demand is up and are offering 21% Short "interest rate" seems to be a leading indicator of stock price movement. I do not have enough historical data on interest rates to go back more than a year though so caveat emptor.
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Post by mssciguy on Sept 16, 2015 13:48:18 GMT -5
I don't lend my shares out but occasionally get calls from my broker Fidelity trying to convince me to participate in the program. They called this morning saying that demand is up and are offering 21% Short "interest rate" seems to be a leading indicator of stock price movement. I do not have enough historical data on interest rates to go back more than a year though so caveat emptor. dark pools, cross trades? www.wisegeek.com/what-is-a-cross-trade.htm what an education. No real volume all day except a huge buy with no change in price Have never, ever seen anything like this in 30 years. Would I feel better if I was holding a paper stock certificate, patryn --- probably not, the shares would still be still be out there somehow.
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Post by ashiwi on Sept 16, 2015 14:03:59 GMT -5
Fidelity just raised the interest for shorts to borrow to 34.75%. No change yet to lend, but I'm sure it will go up later today or tomorrow.
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Post by goyocafe on Sept 16, 2015 14:08:12 GMT -5
Fidelity just raised the interest for shorts to borrow to 34.75%. No change yet to lend, but I'm sure it will go up later today or tomorrow. Just moved to 23% for the retailer.
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