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Post by traderdennis on Dec 4, 2018 21:54:56 GMT -5
When looking at the carnage on Wallstreet today, I would have figured that much of the selling today in MannKind would have been people selling shares to lessen their exposure or pulling the plug altogether. My first thought would be that the short selling would have been less today because there was no need to drive the price down. I was wrong. VolumeBot showed the following numbers today: Date Short Volume Total Volume Short Percent 12-04-2018 482,167 677,935 71.12% So in fact, the short volume spiked today. So my question is why? If the price was dropping on its own, then why short more other than to take advantage of the downward trend to really make the stock drop. With the intense short selling today that resulted in only a $0.06 drop, and considering the market was melting down anyway, Mnkd stock held up very well today. Mnkd stock faces daily unrelenting shorting. It is amazing that the stock has held $1.70 now for weeks. Clearly someone is accumulating or this stock would have dropped a lot more today. IMHO The market makers love to front run buy orderes. This info in today’s environment is useless |
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Post by longliner on Dec 4, 2018 22:24:12 GMT -5
Many things may be useless, or not, it often depends on a persons perspective.  |
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Post by sellhighdrinklow on Dec 4, 2018 22:24:49 GMT -5
When looking at the carnage on Wallstreet today, I would have figured that much of the selling today in MannKind would have been people selling shares to lessen their exposure or pulling the plug altogether. My first thought would be that the short selling would have been less today because there was no need to drive the price down. I was wrong. VolumeBot showed the following numbers today: Date Short Volume Total Volume Short Percent 12-04-2018 482,167 677,935 71.12% So in fact, the short volume spiked today. So my question is why? If the price was dropping on its own, then why short more other than to take advantage of the downward trend to really make the stock drop. With the intense short selling today that resulted in only a $0.06 drop, and considering the market was melting down anyway, Mnkd stock held up very well today. Mnkd stock faces daily unrelenting shorting. It is amazing that the stock has held $1.70 now for weeks. Clearly someone is accumulating or this stock would have dropped a lot more today. IMHO The market makers love to front run buy orderes. This info in today’s environment is useless Please explain why it is useless. Mr. TD. Seems like a logical conclusion to me. In fact, I'll buy a few more MNKD in the AM. Thx for being here. Appreciated.. |
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Post by agedhippie on Dec 4, 2018 23:20:28 GMT -5
The market makers love to front run buy orderes. This info in today’s environment is useless Please explain why it is useless. Mr. TD. Seems like a logical conclusion to me. In fact, I'll buy a few more MNKD in the AM. Thx for being here. Appreciated.. Volumebot has a good explanation here. They go on to explain why TD is right, and how to use short volume productively. Daily short volume, as reported by FINRA, is very misunderstood. Most people think daily short volume is just that — the volume that bearish investors put on to add to their short positions. A short glance at the change for total short positions reported bimonthly to the NASDAQ debunks that belief. Short volume isn’t the same as short interest.
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.
There is more, but for that you should read the whole article. |
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Post by centralcoastinvestor on Dec 5, 2018 0:04:51 GMT -5
Please explain why it is useless. Mr. TD. Seems like a logical conclusion to me. In fact, I'll buy a few more MNKD in the AM. Thx for being here. Appreciated.. Volumebot has a good explanation here. They go on to explain why TD is right, and how to use short volume productively. Daily short volume, as reported by FINRA, is very misunderstood. Most people think daily short volume is just that — the volume that bearish investors put on to add to their short positions. A short glance at the change for total short positions reported bimonthly to the NASDAQ debunks that belief. Short volume isn’t the same as short interest.
In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness. The fact that a market maker is willing to sell and cover seconds later doesn’t do an investor holding the stock for the long term any good. The market maker could be bullish on the stock long term, and still be willing to short temporarily to satisfy a client request. Similarly, many market makers often have to go short in a fast market in order to fulfill their job of providing liquidity. Other market makers will widen their bid ask prices enough to get out of that scenario.
There is more, but for that you should read the whole article. I read the entire explanation before I actually began this thread. VolumeBot gives an indication of the short action and what is going on for that day. I realize it is not the entire picture but IMHO gives the retail investor a glimpse as to what the shorts are up to. I look at both this and the total short interest that comes out twice a month to try and understand at least a little of what the shorts are up to. |
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Post by agedhippie on Dec 5, 2018 9:15:52 GMT -5
I read the entire explanation before I actually began this thread. VolumeBot gives an indication of the short action and what is going on for that day. I realize it is not the entire picture but IMHO gives the retail investor a glimpse as to what the shorts are up to. I look at both this and the total short interest that comes out twice a month to try and understand at least a little of what the shorts are up to. I am not sure that it's helpful as a guide to what the shorts are up to. What you are looking at is almost entirely a side effect of the market makers role rather than true shorting. |
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Post by traderdennis on Dec 5, 2018 9:52:10 GMT -5
The market makers love to front run buy orderes. This info in today’s environment is useless Please explain why it is useless. Mr. TD. Seems like a logical conclusion to me. In fact, I'll buy a few more MNKD in the AM. Thx for being here. Appreciated.. I have seen this data for many other securities and they all track greater than 50 percent short. Like agedhippie says it looks like algos going short first and then covering. And algos front running against retail. It makes no sense that daily short for MNKD is 75 percent or more but when the short report comes out only 25 percent of the float is short. Buy some more but I think you can buy more later closer to 1.50 or lower. |
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Post by longliner on Dec 5, 2018 9:58:32 GMT -5
At least thats what you are betting on. Place your chips accordingly. |
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Post by deaner3 on Dec 7, 2018 11:03:52 GMT -5
Please explain why it is useless. Mr. TD. Seems like a logical conclusion to me. In fact, I'll buy a few more MNKD in the AM. Thx for being here. Appreciated.. I have seen this data for many other securities and they all track greater than 50 percent short. Like agedhippie says it looks like algos going short first and then covering. And algos front running against retail. It makes no sense that daily short for MNKD is 75 percent or more but when the short report comes out only 25 percent of the float is short. Buy some more but I think you can buy more later closer to 1.50 or lower. That makes total sense to me that 75% is short on daily basis but only 25% of total. Most shares are held by people that don’t have them available for sale or shorting. So it would be impossible to have 75% of total shares being short. But 3 of 4 shares available to be moved around for sure. |
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Post by centralcoastinvestor on Dec 13, 2018 19:18:11 GMT -5
Another interesting day for Mnkd shares. We started the day with a nice upswing over $1.80. Then bam, down we dropped. I suspected that the shorts had decided that Mnkd had seen a few up days and it was time to drop the price. Can’t have the ole longs getting too happy and confident. I was right.
So today’s VolumeBot results:
Date Short Volume Total Volume Short Percent
12-13-2018 785,421 1,000,352 78.51%
Based on the limited view we can see from VolumeBot, nearly 80% of the shares traded today involved short selling of some kind. So to me, this isn’t the “market” indicating what value is placed on Mnkd shares, but the manipulation of the stock price by the ever present short sellers. I wish they would go away.
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Post by traderdennis on Dec 13, 2018 19:43:30 GMT -5
Another interesting day for Mnkd shares. We started the day with a nice upswing over $1.80. Then bam, down we dropped. I suspected that the shorts had decided that Mnkd had seen a few up days and it was time to drop the price. Can’t have the ole longs getting too happy and confident. I was right. So today’s VolumeBot results: Date Short Volume Total Volume Short Percent 12-13-2018 785,421 1,000,352 78.51% Based on the limited view we can see from VolumeBot, nearly 80% of the shares traded today involved short selling of some kind. So to me, this isn’t the “market” indicating what value is placed on Mnkd shares, but the manipulation of the stock price by the ever present short sellers. I wish they would go away. IMHO Central, please tell me how short Percent has run over 50% almost every day between Nov 15-Nov 30, but the total short interest went down by 700,000 shares? And there was probably only 8 Million shares traded in the last half of the month so 10% of the float was buy to close transactions. At best this tracks front running bot activity. 11-29-2018 237,968 451,492 52.71% 11-28-2018 344,774 759,536 45.39% 11-27-2018 222,803 512,141 43.5% 11-26-2018 230,998 497,874 46.4% 11-23-2018 82,798 131,338 63.04% 11-21-2018 214,937 581,749 36.95% 11-20-2018 390,161 774,957 50.35% 11-19-2018 600,637 904,987 66.37% 11-16-2018 472,323 655,584 72.05% 11-15-2018 281,707 540,057 52.16% 11-14-2018 821,032 1,647,079 49.85% |
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Post by agedhippie on Dec 14, 2018 6:01:07 GMT -5
Another interesting day for Mnkd shares. We started the day with a nice upswing over $1.80. Then bam, down we dropped. I suspected that the shorts had decided that Mnkd had seen a few up days and it was time to drop the price. Can’t have the ole longs getting too happy and confident. I was right. So today’s VolumeBot results: Date Short Volume Total Volume Short Percent 12-13-2018 785,421 1,000,352 78.51% Based on the limited view we can see from VolumeBot, nearly 80% of the shares traded today involved short selling of some kind. So to me, this isn’t the “market” indicating what value is placed on Mnkd shares, but the manipulation of the stock price by the ever present short sellers. I wish they would go away. The vast bulk of those shorts are market makers doing their jobs with sub-second shorts. The price drop was more likely that Afrezza was trading at the top end of it's trading range so it was time for the traders to sell and go short. When the price drops enough they will close their short positions and go long. Rinse. Repeat. This is why following short term price movements in micro-caps is a fools game unless you are trading. If you are investing then something like a 200 day exponential moving average (EMA) is a much better indicator, but nowhere near as much fun to watch. |
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Post by centralcoastinvestor on Aug 27, 2019 18:24:26 GMT -5
Intense short selling volume over the last three days per Volumebot.
Date Percent Short Volume
8/23/19 70.58%
8/24/19 75.14%
8/25/19 73.45%
It appears the shorts are trying very hard to drop the price below $1.00. So over the last several days, the only people selling are shorts. So much for the “market” speaking on the price. If the only ones selling are people that are intent on driving the price down, how can this be considered a fair market for MannKind. It isn’t. And hasn’t been for a long time.
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Post by mytakeonit on Aug 27, 2019 22:54:18 GMT -5
It sounds fair to me ... because I am able to buy really cheap shares!
But, that's mytakeonit
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Post by seanismorris on Aug 28, 2019 1:14:04 GMT -5
Intense short selling volume over the last three days per Volumebot. Date Percent Short Volume 8/23/19 70.58% 8/24/19 75.14%
8/25/19 73.45%
It appears the shorts are trying very hard to drop the price below $1.00. So over the last several days, the only people selling are shorts. So much for the “market” speaking on the price. If the only ones selling are people that are intent on driving the price down, how can this be considered a fair market for MannKind. It isn’t. And hasn’t been for a long time. Increased sales will drive those short elsewhere... that’s the bottom line. Recession fears aren’t helping, and MNKD is an easy target. We’re a bit low on catalysts... so we’re a low risk short. |
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