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Post by ashiwi on Feb 10, 2015 15:31:51 GMT -5
[Thread originally titled, "Big demand to short shares. Interest up again."
-BD]
Today's yoyo chart must have had a lot to do with more short attacks.
I can only base that on the increase in interest that Fidelity just posted.
They just raised the interest on my borrowed shares from 12% to 14%.
Truly amazing.
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Post by savzak on Feb 10, 2015 15:39:06 GMT -5
I don't claim to be one who can read the markets and trading patterns and such, but it seems to me that if they're expanding their short position here in the upper $7's in order to maintain control of the pps they better be right. If the net short interest is going up even more and the pps continues to trend up they could be in real trouble fairly soon, especially with institutions like BlackRock continuing to pick up bits and pieces of the available float.
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Post by ashiwi on Feb 10, 2015 16:02:29 GMT -5
I agree. That's why the pps keeps bouncing back after each short attack. There is always a buyer ready and waiting to pick up shares on each decline. There were some pretty hefty attacks today, but the price hung in there and remained green. We keep making higher lows.
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Post by bobw on Feb 10, 2015 16:12:41 GMT -5
Short interest increases by almost 4 million shares to 80,678,801
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Post by ashiwi on Feb 10, 2015 16:12:51 GMT -5
Fidelity is charging 19.75% to borrow shares.
Loan shark rates.
I find it hard to comprehend the great desire to short at this point.
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Post by Deleted on Feb 10, 2015 16:16:30 GMT -5
We've probably come down a bit since that report, but one thing is sure. Those last 4mil in got torched so far.
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Post by savzak on Feb 10, 2015 16:30:35 GMT -5
Fidelity is charging 19.75% to borrow shares. Loan shark rates. I find it hard to comprehend the great desire to short at this point. ashiwi,
Isn't it possible they're shorting now out of necessity rather than desire? Out of fear rather than greed? Isn't it possible they're digging deeper just to keep the price in check?
Take today as an example. I don't know what percentage of the sellers were shorts vs. profit takers vs. traders. But if, for the sake of argument, a large percentage of the sell orders today were shorts, isn't it at least as likely that they were shorting to keep the price under $8 than as result of a genuine judgment that MNKD is a great short at $7.70? Especially right now... one week after launch... while the social media is beginning to buzz... while afrezzauser and now others are informing large numbers of diabetics... while doctors and nurses and pharmacists and patients and all of their families and all of their friends are getting interested in Afrezza for the first time... while the pharmacokinetics are finally being revealed and appreciated by more and more diabetics and investors every day?
I could be wrong. Based on my past history, I probably am. But it's tough for me to see any shorting right now as anything other the fear induced circling of wagons, battening down of hatches, and riding out of the storm. If so, I hope their wagons and hatches get blown away and the storm waters carry them off never to be seen or heard from again!
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Post by _neil on Feb 10, 2015 16:34:17 GMT -5
All I know is I am not repeating a mistake. I did not buy more in the low 5s (it would have at the very least brought down my average price).
If the shorts do stage a big attack, I will keep adding to my position. I might not agree with the general estimate of the PPS on this board but I am certain this company deserves far greater valuation than the paltry 3B
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Post by Chris-C on Feb 10, 2015 16:34:58 GMT -5
I agree. That's why the pps keeps bouncing back after each short attack. There is always a buyer ready and waiting to pick up shares on each decline. There were some pretty hefty attacks today, but the price hung in there and remained green. We keep making higher lows. The increased short interest in the face of increases in institutional holdings is mystifying, but may be understandable from the standpoint of psychology. The shorts seem to be interpreting the run up as an indication that the company is attracting new investors who are oblivious to the shortcomings of the product and market. So instead of questioning their position, they double down. Any indications that are contrary to their established beliefs are seen as false, just like the gauges at Three Mile Island that were ignored by the engineers as faulty readings because they couldn't imagine that a meltdown was occurring. The humane, charitable side of me does not want to see other retail investors lose money; but clinging to a position based on a refusal to understand the science behind a product and the global demand is, well, to put it kindly, an example of ignorance with dangerous consequences. An analogy that comes to mind would be failing to heed the notice that clothes should not be ironed while being worn. GLTA Chris-C  |
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Post by shortslaver on Feb 10, 2015 17:04:57 GMT -5
TSLA had similar short percentages, days to cover and interest rates to borrow shares a bit before they went parabolic for a good year and a half.
I see all this as good things. This bull will go crazy as the market begins to see that maybe this just might work after all. A few weeks of early prescription numbers coming in higher than thought and possibly a new Technosphere target being announced will create a perfect storm of upward pressure.
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Post by cubonwallstreet on Feb 10, 2015 17:20:43 GMT -5
Just the last week or so of the climbing PPS has been fun enough. Can you imagine a real squeeze? I will be perfectly fine with a steady climb and we are probably better off with such. But I cannot lie; a true squeeze would be one heck of a fun ride.
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Post by _neil on Feb 10, 2015 18:25:47 GMT -5
Here's what I am hoping will happen:
1.No new technosphere applications will be announced
2.Shorts show up in their full strength
3.We longs back up the truck
4.We wait like patient farmers and reap a great harvest in a couple years
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Post by liane on Feb 10, 2015 18:28:07 GMT -5
Problem is that some of us loaded up the truck long ago, and have already been waiting patiently for a very long time.
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Post by mannmade on Feb 10, 2015 19:21:16 GMT -5
And why poorneil, are you hoping for no new Technisphere announcements? Do you want to stay poor...?  |
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Post by chauffe00 on Feb 10, 2015 20:55:55 GMT -5
Here's what I am hoping will happen: 1.No new technosphere applications will be announced 2.Shorts show up in their full strength 3.We longs back up the truck 4.We wait like patient farmers and reap a great harvest in a couple years Beep beep Beep if it's backing up I'm guesstimating that it will never go back to the sp on feb 2 - 7.60 is nothing to truly celebrate (although I'm giddy) If after partnership announcement we were at 11 - there should be no reason as to why 10 should not be our new bottom - just my hunch - any of you TA guys got any projections  ? Beep beep beep - The Chauffe wanna go forward... |
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