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Post by thekindaguyiyam on Oct 9, 2015 14:52:00 GMT -5
"Fidelity raised the rate to borrow to 45%. Lenders should get the rate increased after the close."
surreal. then one might conclude that the share price will dip below 3 on monday.
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Post by joeypotsandpans on Oct 9, 2015 15:11:58 GMT -5
9/30/2015 126,841,527 4,992,693 25.405433
About status quo
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Post by brentie on Oct 9, 2015 15:18:29 GMT -5
Fidelity raised the rate to borrow to 45%. Lenders should get the rate increased after the close. You called it,Ashiwi. It's now at 29 1/2%, up from 27%.
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Post by obamayoumama on Oct 9, 2015 15:28:33 GMT -5
9/30/2015 126,841,527 4,992,693 25.405433 About status quo Actually it is not status quo. BOFA/ ML have been buying back about 200-300k share a day to close out their 9 million share short position. That would mean that the shorts have been shorting about the exact same share amount daily that ML is buying back, hence the higher interest rate since those ML short shares are going back to MNKD.
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Post by centralcoastinvestor on Oct 9, 2015 15:37:16 GMT -5
9/30/2015 126,841,527 4,992,693 25.405433 About status quo I'm glad to see the shorts holding tight. In fact, I'd love to see them dig the hole deeper. Because I really want it to hurt when this stock turns up. It's a crime how the short interest has relentlessly attacked this stock. Making it hard to raise funding and causing such discouragement among shareholders. Yessiree, I want it to hurt bad.
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Post by zieg on Oct 9, 2015 15:41:15 GMT -5
Great call Ashiwi!! I'm impressed!!
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Post by gwb on Oct 9, 2015 16:02:26 GMT -5
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Post by BlueCat on Oct 9, 2015 20:48:08 GMT -5
Fidelity raised the rate to borrow to 45%. Lenders should get the rate increased after the close. You called it,Ashiwi. It's now at 29 1/2%, up from 27%. Brentie, that kitty is gonna be needing some Afrezza soon. How about vets prescribing it off-label? (Actually, I once had a diabetic cat that took insulin shots twice daily. They don't seem to mind it at all and it worked well)
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Post by kball on Oct 9, 2015 22:37:42 GMT -5
You called it,Ashiwi. It's now at 29 1/2%, up from 27%. Brentie, that kitty is gonna be needing some Afrezza soon. How about vets prescribing it off-label? ( Actually, I once had a diabetic cat that took insulin shots twice daily. They don't seem to mind it at all and it worked well)That is one well trained cat.
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Post by mssciguy on Oct 10, 2015 9:30:59 GMT -5
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Post by babaoriley on Oct 10, 2015 19:18:42 GMT -5
GWB, not sure if they would have affected the short count. Even though, as I understand it, the shares were loaned from MNKD to BofA, BofA could have done anything they wanted with them. If you sell short, you sell short in one transaction. This was a step transaction, so when BofA sold the shares, I'm unclear if they would have been counted in the short count that you cite in your post. Thoughts?
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Post by gwb on Oct 10, 2015 19:50:21 GMT -5
GWB, not sure if they would have affected the short count. Even though, as I understand it, the shares were loaned from MNKD to BofA, BofA could have done anything they wanted with them. If you sell short, you sell short in one transaction. This was a step transaction, so when BofA sold the shares, I'm unclear if they would have been counted in the short count that you cite in your post. Thoughts? Baba , you could be correct, hell for all we know we can both be correct . Obamayourmama posted that B of A was covering 200,000 to 300,000 shares per day. If Obama's correct that would be at least 30 trading days . We know the Sept 30 , 2015 short Interest was basically the same and we know the rate charged to the shorts increased October 1 to Present.( Fidelity changed Friday October 8 to Shorters at 45 % and us Lenders to 29.5 % ) On Sept 30 the rate to us was 25.50% , then on October 1 it moved to 27 % then the Oct 8 Jump to 29.5% % ) . So if history can be forecast we should see Fidelity move up Friday Oct 16 . The last time the rates spiked like this was in June around the ADA . The stock price moved $ 1.5 to $2.00 more over 10 trade days . I calculated 45 business days from August 15 to be Monday October 19 that the shares need to be in MNKD's possession . Put that in your glass pipe, and tell me what you think ?
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Post by ezrasfund on Oct 13, 2015 11:08:47 GMT -5
Income rate has changed on your loaned securities Thank you for participating in Schwab's Securities Loan Fully Paid (SLFP) program. We're writing to let you know that the income rate has changed for the following securities loaned to Schwab through the SLFP program:
Security Name Security ID Old Rate New Rate MANNKIND CORP MNKD 23% 28%
Income rate changes for a loaned security are most frequently due to fluctuations in the supply and demand for that security.
Something has to give. In the spirit of Joey's balance sheet discussion compare the burn rate for MannKind and MNKD shorts.
MannKind burns about $13 million per quarter or $52 million per year.
Interest costs for short interest are 120,000,000 shares @ $3/share or $360 million borrowed at (let's just say) 20% or $72 million per year.
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Post by irrationalexubera on Oct 13, 2015 11:33:29 GMT -5
Income rate has changed on your loaned securities Thank you for participating in Schwab's Securities Loan Fully Paid (SLFP) program. We're writing to let you know that the income rate has changed for the following securities loaned to Schwab through the SLFP program: Security Name Security ID Old Rate New Rate MANNKIND CORP MNKD 23% 28% Income rate changes for a loaned security are most frequently due to fluctuations in the supply and demand for that security. Something has to give. In the spirit of Joey's balance sheet discussion compare the burn rate for MannKind and MNKD shorts. MannKind burns about $13 million per quarter or $52 million per year. Interest costs for short interest are 120,000,000 shares @ $3/share or $360 million borrowed at (let's just say) 20% or $72 million per year. that's crazy. no wonder they work so hard, but i feel like they've pretty much squeezed the lemon dry at this point. they may have to let the stock breathe (shoot up a bit) in order to begin shorting again. they're now officially throwing good money after (arguably) bad.
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Post by lakers on Oct 13, 2015 18:12:22 GMT -5
MannKind Corporation (NASDAQ:MNKD), A increase of 180,075 shares or 0.1% was observed in the short interest of MannKind Corporation The interest on September 30,2015 came in at 126,841,527 shares and as per the average daily trading of 4,992,693 shares, the days to cover are 25. The increased interest is 48.7% of the floated shares. The data of September 15,2015 put the interest at 126,661,452 shares. The short interest information was released by Financial Industry Regulatory Authority, Inc (FINRA) on October 9th. Currently the company Insiders own 39.8% of Mannkind Corp Company shares according to the proxy statements. Institutional Investors own 26.6% of Mannkind Corp shares. During last six month period, the net percent change held by insiders has seen a change of 29.08%. MannKind Corp. has lost 4.7% in the last five trading days and dropped 17.84% in the last 4 weeks. MannKind Corp. has dropped 45.42% during the last 3-month period . Year-to-Date the stock performance stands at -41.71%. Shares of MannKind Corporation (NASDAQ:MNKD) ended Monday session in red amid volatile trading. The shares closed down 0.01 points or 0.33% at $3.04 with 2,124,902 shares getting traded. Post opening the session at $3.05, the shares hit an intraday low of $3.01 and an intraday high of $3.08 and the price vacillated in this range throughout the day. The company has a market cap of $1,261 million and the number of outstanding shares have been calculated to be 414,757,000 shares. The 52-week high of MannKind Corporation (NASDAQ:MNKD) is $7.88 and the 52-week low is $2.98. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Martens Juergen, COO of Mannkind Corp, executed a transaction worth $91,400 on May 21, 2015. A total of 20,000 shares were purchased at an average price of $4.57. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. MannKind Corporation (NASDAQ:MNKD): 5 analysts have set the short term price target of MannKind Corporation (NASDAQ:MNKD) at $6.6. The standard deviation of short term price target has been estimated at $4.55, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 12 and $2 respectively. newswatchinternational.com/news/mannkind-corporation-nasdaqmnkd-short-interest-update-2.html
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