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Post by newmnkdinvestor on Sept 16, 2015 14:55:00 GMT -5
When the rate goes up what usually occurs after that? Does it mean longs are less inclined to lend their shares out therefore more of premium?
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Post by avogadro on Sept 16, 2015 15:11:19 GMT -5
When the rate goes up what usually occurs after that? Does it mean longs are less inclined to lend their shares out therefore more of premium? IMHO, a higher rate is an added incentive for longs to loan their shares which in turn raises the already massive short position which further supports the theory that the only way shorts can survive is to totally destroy MNKD or face a chaotic short squeeze. In short the increased rate to loan shares is blood money and should be avoided at all costs, again IMHO.
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Post by goyocafe on Sept 16, 2015 15:46:18 GMT -5
When the rate goes up what usually occurs after that? Does it mean longs are less inclined to lend their shares out therefore more of premium? IMHO, a higher rate is an added incentive for longs to loan their shares which in turn raises the already massive short position which further supports the theory that the only way shorts can survive is to totally destroy MNKD or face a chaotic short squeeze. In short the increased rate to loan shares is blood money and should be avoided at all costs, again IMHO. Whose blood?
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Post by newmnkdinvestor on Sept 16, 2015 19:34:58 GMT -5
IMHO, a higher rate is an added incentive for longs to loan their shares which in turn raises the already massive short position which further supports the theory that the only way shorts can survive is to totally destroy MNKD or face a chaotic short squeeze. In short the increased rate to loan shares is blood money and should be avoided at all costs, again IMHO. Whose blood? Mine cause I still haven't gotten a call to lend my shares....lol Thanks AVo for the education
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Post by gestan on Sept 17, 2015 7:33:13 GMT -5
SI rate to lenders up to 23% this morning.
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Post by ezrasfund on Sept 17, 2015 8:05:46 GMT -5
I don't have much data, but it seems that a spike in interest rates means pressure on the short interest as a momentary spike (*) in the price. Note particularly 6/8. As always, correlation is not causation.
Here is the interest rate data I have from the last year with Schwab (paid to lender).
11/24/14 5% 2/2/15 7% 2/9 10% 2/17 14%* 3/16 12% 3/30 10% 4/22 12% 6/1 14% 6/2 20% 6/8 30%* 6/17 20% 6/22 16% 7/27 14% 8/31 16% 9/14 20%
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Post by ashiwi on Sept 24, 2015 13:01:53 GMT -5
At Fidelity >>Interest to borrow has increased to 38.75%. Interest to loan is up to 25.50%
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Post by kc on Sept 24, 2015 13:08:13 GMT -5
Like a ticking time bomb. We know the fuse is lit but we don't know when its going to go off. SHORTLY we will see how the convertible note has been handled. I still stick to my comments earlier last month that something good will occur before October 15th + or - a few days.
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Post by thekindaguyiyam on Sept 24, 2015 14:27:20 GMT -5
At Fidelity >>Interest to borrow has increased to 38.75%. Interest to loan is up to 25.50% this blows me away. 38.75% that is a huge amount of interest. curious where you are finding this information.. just amazing in a 0% world.
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Post by cretin11 on Sept 24, 2015 16:45:26 GMT -5
Short interest was reported today (settlement date 9/15), virtually same number of shares as last report, 126 Million.
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Post by cretin11 on Sept 24, 2015 16:48:02 GMT -5
Short interest was reported today (settlement date 9/15), virtually same number of shares as last report, 126 Million. Also should add, the "Days to Cover" is now 33.9, which I believe is the highest it's ever been. Average # of shares traded is way down from last report, hence Days to Cover is up.
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Post by parrerob on Sept 24, 2015 17:32:49 GMT -5
Same SI rate and PPS down about 10% in the same period (no good !)
But considering it was the period of the "downgrade" to 620 Million market cap or 1,5 pps
nbi idex down 3% same period
My interpretation of the period: September 4th mainly covering (day before friday) 5-6-7 market closed September 8th again covering (after flat scripts previous friday) causing pps going up to 4,07 total volume September 4th and 8th= 7,7 million PPS up 10% (from 3,69 to 4,07) Settembre 9th downgrade Funny and strange think. September 9th closed with 7,7 million volume and pps closed At 3,66.
Conclusions, IMO: september 9th downgrade for sure was linked to the covering of the 2 days before The very extreme downgrade did not caused a real big sell off The downgrade planned for Tuesday, together with the good change to cover on Monday, were both prepared during the long weekend
Finally it seems that 3,5 is the price the market is giving to MNKD now and this price include the slow script increase and all the misinformation created ad hoc by entities too much exposed, since years, on the stock.
This was plus or minus the price MNKD had the day before the ADCOM
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Post by brentie on Oct 1, 2015 16:32:18 GMT -5
Fidelity just raised the rate to borrow shares to 27%.
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Post by papihoyos on Oct 3, 2015 11:09:15 GMT -5
Have you noticed that the rate has been increasing over the past month (from 16% to 27%) and the price has been going down? I thought the rate would have an inverse relationship to the price. I thinking that its getting harder and harder for the shorts to keep this thing down.
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Post by harrys on Oct 3, 2015 11:16:13 GMT -5
Have you noticed that the rate has been increasing over the past month (from 16% to 27%) and the price has been going down? I thought the rate would have an inverse relationship to the price. I thinking that its getting harder and harder for the shorts to keep this thing down. The rate would be expected to rise as short interest increases. You could even say the interest rate preempts a downswing in PPS at times. We need to see higher volume on an upswing before we can call it a real turnaround, Monday will be interesting to see.
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