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Post by saxcmann on Oct 19, 2015 17:16:09 GMT -5
Fidelity at 32%!
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Post by thekindaguyiyam on Oct 19, 2015 18:07:28 GMT -5
"Fidelity at 32%!"
interesting. cause, today, we were up 8.71% (.27) today on slightly higher than average volume 5 mil 7. One poster asked what makes the % of charge increase... what drives the price? obvious answer: supply and demand. Does the price increase because of less supply? Why would the supply be less? just thinking out loud. If I bought puts and they were losing position I'd probably pay the extra % to save myself momentarily. Then I wonder if those 9 million from BofA are now removed from position of being loaned out. I'm getting .006% at my credit union.
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Post by kc on Oct 19, 2015 19:39:18 GMT -5
Some smart folks on Wall Street know exactly what is going on and the reason to increase the interest rate. There must be some rumblings out there about what might happen with the 3rd qtr call or the Sanofi reorganization. Rising tide on the borrowing interest means that something might be ahead or perhaps nothing.
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Post by tonyz on Oct 19, 2015 23:35:43 GMT -5
Pretty sure the interest rate reflects how difficult it is to borrow MNKD shares. So I would agree with thekindaguy's supply and demand answer.
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Post by mssciguy on Oct 20, 2015 8:21:19 GMT -5
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Post by petech on Oct 20, 2015 8:27:18 GMT -5
From a percentage basis perhaps...but if you look at the amount of short sales over the last couple days (last chart yellow bar), it's been pretty consistent. The green bar is increasing. So there are more buyers...but the shorts haven't just packed up and gone home. This assumes a very short term graph such as the one provided is capable of pointing out larger trends and isn't just showing blips....of that I am not convinced.
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Post by papihoyos on Oct 20, 2015 12:43:27 GMT -5
I think the BOA shares were purchased back sometime ago then were lent out. The rise in interest rate is the result of those same shares being removed from the lending pool.
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Post by ashiwi on Oct 20, 2015 18:00:16 GMT -5
I think BOA completed their buy back @ 3:37 today (Tuesday Oct 20). Just look at the chart. The stock was then immediately shorted back down. Now we know why the interest went up yesterday as the shorts accumulated more shares to short today. Rinse and repeat, again.
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Post by babaoriley on Oct 20, 2015 19:24:40 GMT -5
Ashiwi, you are such a cynic and skeptic! Charts often look just like MNKD's today, especially without bad news being released in the last half hour or so of trading. Yes, a normal pattern, if you're charting Yosemite Falls! What a croc, but, like you say, nothing new, just more of the same BS.
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Post by gwb on Oct 21, 2015 15:06:26 GMT -5
Fidelity still paying 32 % , But just raised lending rate from 45 % to 49 % . Fidelity should be increasing payout soon !
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Post by brentie on Oct 21, 2015 16:41:17 GMT -5
Fidelity still paying 32 % , But just raised lending rate from 45 % to 49 % . Fidelity should be increasing payout soon ! GWB, I'm not so sure about that. Fidelity usually gets 1/3 and the person lending the shares gets 2/3, that's about where we are now (32%/17%).
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Post by gestan on Oct 27, 2015 7:56:39 GMT -5
Fasten your seat belts! Nail down the furniture. We're goin' for a ride. Fidelity up to 35% interest paid to loaned securities.
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Post by goyocafe on Oct 27, 2015 14:19:22 GMT -5
Fasten your seat belts! Nail down the furniture. We're goin' for a ride. Fidelity up to 35% interest paid to loaned securities. They just returned 65% of my shares. Still paying 35%.
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Post by luckyjoe on Oct 27, 2015 14:55:24 GMT -5
Fidelity just returned 60% of my shares. Appears to be happening to quite a few lenders today.
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Post by BlueCat on Oct 27, 2015 15:21:23 GMT -5
Wow. Goyo, you're not kidding. Suggests something afoot ….
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