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Post by prcgorman2 on Aug 3, 2023 6:37:29 GMT -5
I didn't bash shorts. It was an observation and I admitted I was guessing. But please check out my posts referring to MNKD short interest on the FINTEL.IO website which reports FINRA short volume information. My guess was accurate. It was a fact. So what?
FINRA is aware that some market participants, including investors, may occasionally perceive the percentage of short sale volume to be unusually high or inconsistent with reported short interest data. This perception may cause market participants to draw inaccurate conclusions about the level or nature of short selling activity in the relevant security.Yup. Exactly. You don’t need to see anything. These aren’t the droids you’re looking for. You can go about your business. Move along. About as transparent as a brick wall. Ever wonder why the FINRA volume numbers are so dramatically different than what NASDAQ reports? You should. So should the SEC. Do a little investigation into FINRA and the financial industry reluctance to increase transparency and then see what you think of the paragraph you quoted. m.youtube.com/watch?v=532j-186xEQ |
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Post by awesomo on Aug 3, 2023 8:26:34 GMT -5
www.finra.org/rules-guidance/notices/information-notice-051019
FINRA is aware that some market participants, including investors, may occasionally perceive the percentage of short sale volume to be unusually high or inconsistent with reported short interest data. This perception may cause market participants to draw inaccurate conclusions about the level or nature of short selling activity in the relevant security. Yup. Exactly. You don’t need to see anything. These aren’t the droids you’re looking for. You can go about your business. Move along. About as transparent as a brick wall. Ever wonder why the FINRA volume numbers are so dramatically different than what NASDAQ reports? You should. So should the SEC. Do a little investigation into FINRA and the financial industry reluctance to increase transparency and then see what you think of the paragraph you quoted. m.youtube.com/watch?v=532j-186xEQ So you just said that the numbers you keep using to prove your point are unreliable. Well done sir. |
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Post by ktim on Aug 3, 2023 8:56:12 GMT -5
As long as you are sure the shares you hold are "real" and not "fake". I've confirmed mine are actually shares of the Mannkind company. One can always validate if one has concerns.
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Post by hellodolly on Aug 3, 2023 8:56:29 GMT -5
Mike selling before UTHR ER for tax purposes was a bone head move unless he don't think sp is not going up. You holding going into the weekend? Retail shorts could be in for a surprise on Monday. We've already figured out that Institutional ownership has unwound/covered about 5M shares just in the last few months at MNKD previous lows attained May-July 7th. |
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Post by cretin11 on Aug 3, 2023 9:28:30 GMT -5
As long as you are sure the shares you hold are "real" and not "fake". I've confirmed mine are actually shares of the Mannkind company. One can always validate if one has concerns. Uh oh, fake shares?! Thanks for the heads up on that, I better check mine… OK they are real, whew! 😃 |
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Post by prcgorman2 on Aug 3, 2023 9:32:09 GMT -5
Yup. Exactly. You don’t need to see anything. These aren’t the droids you’re looking for. You can go about your business. Move along. About as transparent as a brick wall. Ever wonder why the FINRA volume numbers are so dramatically different than what NASDAQ reports? You should. So should the SEC. Do a little investigation into FINRA and the financial industry reluctance to increase transparency and then see what you think of the paragraph you quoted. m.youtube.com/watch?v=532j-186xEQ So you just said that the numbers you keep using to prove your point are unreliable. Well done sir. Yes, I did. That was the 2nd time. The 1st time was agreeing with whoever said the numbers should be taken with a grain of salt. And I also said, they're unreliable because they're provably under-reporting reality. The reality may be better than the numbers they're showing, and their (FINRA's) paragraph you quoted urges you to believe that. You can if you want to. I don't. I also said it's like having a fox protect the chickens in the chicken coop. The point is, FINRA is unreliable, so the numbers are unreliable, but that doesn't mean you can now be comfortable and complacent. It's the exact opposite. The trading industry is provably less transparent than what they're supposed to be. Do research on the regulatory mandated trading database, the Consolidated Audit Trail (CAT) that's largely useless because implementation has languished since 2016. The primary purpose of the CAT is: Provide the SEC with more comprehensive and timely data on trading activities, allowing the commission to better monitor and investigate potential market manipulation, insider trading, and other market-related issues. The CAT aims to improve the regulator's ability to reconstruct trading events, enhance market surveillance, and protect investors. And why is it unused? Articles would lead you to believe it is complex and difficult to comply with. I can believe that. Perhaps CAT wasn't well designed and would have been usable if only the designers had worked with the financial industry on it's design. Did anyone from the financial industry help design the CAT? Yes, SIFMA. SIFMA (Securities Industry and Financial Markets Association) is a trade association representing the securities industry in the United States. SIFMA serves as a leading advocate for the financial services industry and plays a significant role in shaping policies and regulations affecting the capital markets. The implementation of the CAT involves significant coordination among various stakeholders in the financial industry, including exchanges, broker-dealers, self-regulatory organizations (SROs), and technology providers. SIFMA, as a prominent industry association, represents the interests of its member firms in these discussions and engagements. SIFMA has been actively involved in discussions and collaboration related to the development and implementation of the CAT. FINRA (Financial Industry Regulatory Authority) is a private, not-for-profit organization that serves as a self-regulatory organization (SRO) for the securities industry in the United States. It is authorized by the U.S. government to oversee and regulate brokerage firms and registered brokers. And who authorized FINRA to regulate the brokerage firms and registered brokers? The SEC in 2007. The U.S. Securities and Exchange Commission (SEC) authorized FINRA (Financial Industry Regulatory Authority) to regulate brokerage firms and registered brokers in 2007. Prior to that, the regulation of brokerage firms and registered brokers was divided between several self-regulatory organizations (SROs), with the National Association of Securities Dealers (NASD) being one of the main SROs responsible for broker-dealer regulation. The chairman of the SEC is Gary Gensler. Gensler worked for Goldman-Sachs for 18 years before joining the SEC. Gensler's last role at Goldman Sachs before was co-head of finance, responsible for controllers and treasury worldwide. Also from Wikipedia, former commissioner Piwowar had this to say about transparency in the financial industry, "Piwowar has asked to observe meetings of Washington's super-regulator, the Financial Stability Oversight Council (FSOC), and criticized it as an "unaccountable capital markets death panel" that lacks transparency". I predicted yesterday the unreliable (because it's under-reported) FINRA data that would be reported today would show yesterday had a high percentage of short sales. Per fintel.io reporting of FINRA statistics, the short sales yesterday accounted for >50% of volume. - fintel.io/ss/us/mnkd
There's so much more that points to the US (at least) financial industry purposefully operating in the dark and using their influence to keep things that way. It goes on and on. You can't make this stuff up.
FACTS.
Also for those who come here to learn about volume, >700k trades for MNKD so far this morning and MNKD is up .13 to $4.72 |
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Post by prcgorman2 on Aug 3, 2023 9:34:19 GMT -5
Mike selling before UTHR ER for tax purposes was a bone head move unless he don't think sp is not going up. You holding going into the weekend? Retail shorts could be in for a surprise on Monday. We've already figured out that Institutional ownership has unwound/covered about 5M shares just in the last few months at MNKD previous lows attained May-July 7th. mymann reported recently that he/she sold all of their shares sometime back and has not indicated they've purchased any more since then. Wouldn't matter to me if they did claim owning shares. IMHO, mymann is not credible. |
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Post by peppy on Aug 3, 2023 9:39:41 GMT -5
Does MNKD have ignition? Did someone light the match? MNKD volume at one hour and 7 mins of trade, 815,976 shares. $4.74 4.99% +0.23 my kids are coming into town, I am out for the count. $4.84 is the may swing high, price needs to take that out. $4.75 is resistance that needs to be broken, the sanofi lows. schrts.co/HtSZKjJm |
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Post by ktim on Aug 3, 2023 9:45:30 GMT -5
The rocket often lights before earnings. Only question is whether it clears the launch pad.
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Post by prcgorman2 on Aug 3, 2023 9:59:03 GMT -5
The rocket often lights before earnings. Only question is whether it clears the launch pad. Buy on the rumor, sell on the news. I predict volatility equal to the recent $3.9x lows between now and the 3Q earnings report. It's been the rinse-and-repeat action for a long time. Somehow the price is being pinned in the low to mid $4s. The persistent and unusually high SIR may be a clue.
And now that I've predicted that volatility, I will be wrong, and unable to usefully capitalize on that prediction.
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Post by hellodolly on Aug 3, 2023 10:01:56 GMT -5
Does MNKD have ignition? Did someone light the match? MNKD volume at one hour and 7 mins of trade, 815,976 shares. $4.74 4.99% +0.23 my kids are coming into town, I am out for the count. $4.84 is the may swing high, price needs to take that out. $4.75 is resistance that needs to be broken, the sanofi lows. schrts.co/HtSZKjJmEnjoy the kids and the family. |
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Post by castlerockchris on Aug 3, 2023 10:26:56 GMT -5
Mike selling before UTHR ER for tax purposes was a bone head move unless he don't think sp is not going up. I can’t believe I am doing this, but here I go anyway. A senior executive (unless they are crooks – e.g. Enron, etc.) selling restricted shares or stock options more times than not, has absolutely nothing to do with where they feel the stock is going. It has everything to do with trying to avoid looking like you are trading on inside information and not during lock out periods. I have held restricted shares and stock options as a senior executive in public and private companies. I was fortunate enough to be able to sell, not all, but some of my shares while in the employee of the stock issuer. I did it because there comes a point where two things happen. The first is you realize is would be irresponsible to your family not to sell some of your position, lock in the wealth and secure a little of your financial future. The second is the time when your holding in your company becomes 60 – 70% of your net worth and you would be a fool not to diversify. The fact is, senior executives can be terminated at any point, for almost any reason, even with a contract (it isn’t hard to find cause these days), so having most of your eggs in one basket (stock assets, salary, bonus, etc.) can be a very scary proposition, especially in today's litigious world. I don’t care how confident you are in your ability to predict your company’s future, it just makes sense to lock in gains. In this case Mike still owns well over 2 million shares which represents considerable risk and reward. Plus he will be getting additional shares – shares I do not begrudge him. I am just guessing he is fully vested in making the company’s stock price grow. We all get you think MC is not on the up-and-up, and probably think he is not a good CEO. But for God sake get off the horse you are riding, it is dead. |
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Post by ktim on Aug 3, 2023 10:30:52 GMT -5
The rocket often lights before earnings. Only question is whether it clears the launch pad. Buy on the rumor, sell on the news. I predict volatility equal to the recent $3.9x lows between now and the 3Q earnings report. It's been the rinse-and-repeat action for a long time. Somehow the price is being pinned in the low to mid $4s. The persistent and unusually high SIR may be a clue.
And now that I've predicted that volatility, I will be wrong, and unable to usefully capitalize on that prediction.
Selling options is always a good way to capitalize on expectation of volatility. I sold some puts Mon and Tue. As for persistent high short levels... they'll persist until warrants/debt that it's linked to is converted. |
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Post by peppy on Aug 3, 2023 10:31:07 GMT -5
Does MNKD have ignition? Did someone light the match? MNKD volume at one hour and 7 mins of trade, 815,976 shares. $4.74 4.99% +0.23 $4.84 is the may swing high, price needs to take that out. $4.75 is resistance that needs to be broken, the sanofi lows. schrts.co/HtSZKjJmMNKD volume at two hours of trade, $4.795 +0.205 (+4.47%) Bid: $4.79 x 3987 Ask: $4.80 x 1400 Volume: 1,131,369 still trucking. Can MNKD touch $5.00 today? |
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Post by agedhippie on Aug 3, 2023 10:36:15 GMT -5
Yes, I did. That was the 2nd time. The 1st time was agreeing with whoever said the numbers should be taken with a grain of salt. And I also said, they're unreliable because they're provably under-reporting reality. The reality may be better than the numbers they're showing, and their (FINRA's) paragraph you quoted urges you to believe that. You can if you want to. I don't. I also said it's like having a fox protect the chickens in the chicken coop. The point is, FINRA is unreliable, so the numbers are unreliable, but that doesn't mean you can now be comfortable and complacent. It's the exact opposite. The trading industry is provably less transparent than what they're supposed to be. Do research on the regulatory mandated trading database, the Consolidated Audit Trail (CAT) that's largely useless because implementation has languished since 2016. ... It's an interesting take, but as someone who advised on certain aspects of the current implementation of CAT I would disagree (unsurprisingly  ). The early implementations were undoubtably a mess, but the current version is based entirely in AWS (where I came in) which side steps a lot of the issues they had before. Trying to implement data lakes at this scale in-house is a fool's errand so using AWS makes sense. Culturally the FINRA people definitely see themselves as watchdogs and not as apologists for the traders. IMHO the best indicator of short interest is the cost of stock loans. If the short position is material that will always be elevated and if it isn't then what you are seeing is probably noise. You should not rely on the FINRA figures because they are not really gathered for reporting purposes, they are gathered for fraud detection and as such are designed with that purpose in mind. This means that some things that look like short positions are not real short positions (bi-weekly reports aside where firms explicitly report their short positions) and services that take the raw data can easily get misleading results. The more interesting aspect is that while the numbers these services churn out may be suspect they do have value for trading, not because they are accurate but because if enough people believe them and trade on them then they influence the market (perception becomes reality). Data doesn't need to be correct to be traded! And with that I am going to give Peppy her thread back  |
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). The early implementations were undoubtably a mess, but the current version is based entirely in AWS (where I came in) which side steps a lot of the issues they had before. Trying to implement data lakes at this scale in-house is a fool's errand so using AWS makes sense. Culturally the FINRA people definitely see themselves as watchdogs and not as apologists for the traders.