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Post by centralcoastinvestor on May 24, 2017 15:01:51 GMT -5
I finally got around to changing my account at E*Trade from margin to a non-margin account. I'm very small potatoes so it won't make much of a difference. But I'm tired of having my brokerage use my shares against me by loaning my shares out for shorting. As I thought about it, it made me angry to think that in a way my brokerage is working against me and my investment. I should have done this a long time ago.
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Post by dreamboatcruise on May 24, 2017 15:36:37 GMT -5
That seems reasonable. I'd either get my shares in a lending program to benefit from it, or make it off limits. No reason to let someone else reap the reward. Though I think they can only loan out to the extent that you have actual margin balance not just a margin account... though that may vary by broker.
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Post by robbmo on May 24, 2017 15:59:55 GMT -5
I finally got around to changing my account at E*Trade from margin to a non-margin account. I'm very small potatoes so it won't make much of a difference. But I'm tired of having my brokerage use my shares against me by loaning my shares out for shorting. As I thought about it, it made me angry to think that in a way my brokerage is working against me and my investment. I should have done this a long time ago. I did the same thing with my TDAmeritrade account this morning! And to dreamboats point, the representative told me that just having a margin account allowed them to loan all of my shares. |
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Post by babaoriley on May 24, 2017 16:16:52 GMT -5
I finally got around to changing my account at E*Trade from margin to a non-margin account. I'm very small potatoes so it won't make much of a difference. But I'm tired of having my brokerage use my shares against me by loaning my shares out for shorting. As I thought about it, it made me angry to think that in a way my brokerage is working against me and my investment. I should have done this a long time ago. I did the same thing with my TDAmeritrade account this morning! And to dreamboats point, the representative told me that just having a margin account allowed them to loan all of my shares. Yup, and I think that's part of the reason Aegis wants MNKD shareholders as clients. |
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Post by mytakeonit on May 24, 2017 17:35:52 GMT -5
AND ... I received 4 more yellow cards for my E*Trade accounts. I did the sniff test before I touched them.
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Post by rossomalley on May 25, 2017 1:36:10 GMT -5
If you really think MNKD is turning a corner, it seems the more shorts the better. I'm sure many of the smart short positions are well hedged with calls but there's too much short interest for that to be true of most. Unwinding those positions (which seem to still be growing!) may well produce a short squeeze that has a chance of replacing VW in the textbooks. The stars have to align properly, it will partly depend on how MNKD raises cash this year, but even without a proper squeeze I think shorts are going to add more to MNKD value this year than they can take away. Provided, of course, that we really are turning that corner and begin to move product.
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