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Post by boca1girl on Oct 5, 2018 6:51:53 GMT -5
Elon Musk fired off a tweet apparently mocking the SEC after yesterday's closing bell. "Just want to (say) that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!" wrote the Tesla (NASDAQ:TSLA) CEO. Musk also alleged that BlackRock (NYSE:BLK) and other financial firms pocket "excessive profit" from short lending, while pretending to charge low rates for "passive" index tracking.
BlackRock also holds a good number of shares of MNKD.
Overstock’s CEO has made similar comments about institutional shorts.
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Post by agedhippie on Oct 5, 2018 9:58:06 GMT -5
Elon Musk fired off a tweet apparently mocking the SEC after yesterday's closing bell. "Just want to (say) that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!" wrote the Tesla (NASDAQ:TSLA) CEO. Musk also alleged that BlackRock (NYSE:BLK) and other financial firms pocket "excessive profit" from short lending, while pretending to charge low rates for "passive" index tracking.
BlackRock also holds a good number of shares of MNKD.
Overstock’s CEO has made similar comments about institutional shorts.Trackers have done this for ever, I am not sure why he is surprised other than he is trying to pick a fight with the SEC because they smacked him. The money from the short lending offsets their operating expenses. If you are an institution taking a short position you borrow from trackers precisely because they will not call in the stock. Equally the trackers are happy to lend because they cannot sell. |
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Post by tinkusr8215 on Oct 5, 2018 10:26:15 GMT -5
Why dont short sellers pick Apple?
As longs hope a company will take off and make money, short sellers hope a company is over priced and short it.
I was buying MNKD on fda approval on more than $3b market cap , while smart shorts saw that $3b is not warranted for MNKD as they weren't expecting Afrezza to ramp up so much to support that market cap. Look at now. My initial $ is almost down more than 90%.
So how is their fault they are smart and were realistic and I was speculating and losing $?.
If really Afrezza sales took off and sold $500 mil in the launch year, would any one dare short it? or even show week over week ramp?
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Post by awesomo on Oct 5, 2018 10:39:45 GMT -5
Yeah, and the market promptly crushes his company and shareholders.
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Post by boca1girl on Oct 5, 2018 11:08:39 GMT -5
Elon Musk fired off a tweet apparently mocking the SEC after yesterday's closing bell. "Just want to (say) that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!" wrote the Tesla (NASDAQ:TSLA) CEO. Musk also alleged that BlackRock (NYSE:BLK) and other financial firms pocket "excessive profit" from short lending, while pretending to charge low rates for "passive" index tracking.
BlackRock also holds a good number of shares of MNKD.
Overstock’s CEO has made similar comments about institutional shorts.Trackers have done this for ever, I am not sure why he is surprised other than he is trying to pick a fight with the SEC because they smacked him. The money from the short lending offsets their operating expenses. If you are an institution taking a short position you borrow from trackers precisely because they will not call in the stock. Equally the trackers are happy to lend because they cannot sell. CNBC just covered this topic. Bob Pisantie (sp) just called it a “news flash” and asked if Musk just learned this, mocking Musk. Bob P. explained that shorts take a much bigger risk than longs by the fact that they must borrow the shares and face unlimited loss. |
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Post by sportsrancho on Oct 5, 2018 11:48:06 GMT -5
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