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Post by kc on Jul 28, 2014 11:24:08 GMT -5
What if the shorts are truly Naked Shorts and can't deliver? This will be an interesting war or bloodbath. You have to think that its now DRIP DRIP DRIP and the bucket if starting to fill or overflow when the the Partnership / Buyout is announced. Very exciting times for all of us longs.
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Post by jpg on Jul 29, 2014 12:27:52 GMT -5
KC,
This is why I think failure to deliver might be an early indicator of when the tide turns. There are possibly far more naked shorts then we think. How well covered ate synthetic contracts? Could there be significant asymmetry in deliverable shares if we get good news?
I don't know the answer to any of this but postulate there could be an interesting dynamics at play if and when good news (with numbers attached) are delivered.
JPG
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Post by Chris-C on Jul 29, 2014 19:03:26 GMT -5
Failure to deliver is a great measure of the prevalence of naked shorting and the inability of the SEC to do the policing needed to clean up the market. If memory serves, MNKD was on the SHO list a week or so ago (around July 20) because of the number of FTDs. That tells you something. My problems with shorting are that when market makers allow short trades without actual shares, it expands the float and allows miscreants to play the game without game pieces. The other unfair aspect of shorting is that without SEC enforcement of dubious statements by people shorting a stock, they can manipulate freely, while companies being shorted are under very strict regulations on what they can say in their own defense. It creates an un-level playing field, and the market is based on an assumption that both parties come to a trade based on an open/fair exchange of what is traded. For those of you who underestimate the extent of naked shorting, I encourage you to visit the website Deep Capture and to Google the name Patrick Byrne (CEO of Overstock.com) who has been waging a war against naked shorting and the abuse of shorting by hedge funds who (according to him) tried to take down his company in its early years. Byrne is extremely well educated and obviously not a sissy. We need more retail investors to demand that the SEC do its job and clean up the market. (All IMHO, of course) Chris PS See in particular Byrne's treatise with the title "Miscreants Ball" |
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Post by jpg on Jul 29, 2014 22:11:31 GMT -5
Hi Chris-C (or anyone else),
Thinking MNKD has significant naked shorting activity shouldn't failures to deliver be the first sign of a short squeeze?
JPG
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Post by trenddiver on Jul 30, 2014 10:55:03 GMT -5
Chris, Thanks for alerting us to the www.deepcapture.com site. The Deep Capture story on Dendreon and Michael Milken was both disturbing and eye-opening. Some of this story parallels the trials and tribulations at Mannkind. This is a must read for all MNKD shareholders. Will there be a similar BEAR RAID on the horizon? It wouldn't surprise me. How else will the large short position be profited from? Many of these people holding the short positions are the equivalent of financial gangsters, and are devious and creative in how they manipulate the stock price for their benefit. Trend |
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Post by babaoriley on Jul 30, 2014 13:38:12 GMT -5
Chris, Thanks for alerting us to the www.deepcapture.com site. The Deep Capture story on Dendreon and Michael Milken was both disturbing and eye-opening. Some of this story parallels the trials and tribulations at Mannkind. This is a must read for all MNKD shareholders. Will there be a similar BEAR RAID on the horizon? It wouldn't surprise me. How else will the large short position be profited from? Many of these people holding the short positions are the equivalent of financial gangsters, and are devious and creative in how they manipulate the stock price for their benefit. Trend Positively libelous stuff, Trend, shorts are people, too. Even the disingenuous, lying, sack of whatever ones!! LOL Selling Nov 7 puts today. Also sold some Jan 2016 4.5 puts. |
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Post by trenddiver on Jul 30, 2014 15:33:56 GMT -5
Babo,
You are not the "gangsta" list, as of yet. The stories about the CNBC crowd and their tie ins with the short side crowd is unbelievable. Luckily we have Big Al on our side. Probably evens the playing field, somewhat. I sure would like to know how much of the 71 mil short position is naked shorts.
Trend
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