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Post by savzak on Mar 4, 2015 14:53:20 GMT -5
Out of curiosity, what is this firm paying those who are lending their shares out? I just called the desk again, they don't pay anything to most individuals (because you put it on margin and they borrow it from you/loan it for free) But he said for others (I'm assuming institutions or large holders that contact them) they give 70% of the borrow cost. So that would be about 30% Thank you. |
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Post by kc on Mar 4, 2015 22:32:15 GMT -5
if I am reading it right on my shares. It shows that its a daily rate situation. So every morning they take the shares and every evening they return them. If I'm reading it right they do not hold it over the weekend? 45% over here. They also quoted a "limited supply" and said "they're not really approving any shorts right now" Can't tell you what firm, but it's one of the big 3 brokerage firms in the US |
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Post by kc on Mar 4, 2015 22:34:30 GMT -5
you should if you qualify. Look at what you would be paid daily for use of your shares. It makes up for the low share price at the present time. This morning pre open this was at 350k Symbol: MNKD Availability: 300'000 Exchanges: NASDAQ So when I go to purchase some more '17 in the money leaps what is not seen is the added short position of the calls sold to me...how is that hedged and so on and so on...think about the deficit of shares when those calls come "calling"...of course some will be met by long liquidation as the price goes up (natural market dynamics...but the question is where does everyone think their ceiling is for selling?)...the volatility when this occurs may end up mind boggling as witnessed when it happened to DNDN...only in MNKD's case I would expect the opposite end game to that of DNDN's, in other words instead of falling back to pennies getting bought out at a nice premium at some point down the road. |
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Post by tbone on Mar 4, 2015 23:04:51 GMT -5
you should if you qualify. Look at what you would be paid daily for use of your shares. It makes up for the low share price at the present time. This morning pre open this was at 350k Symbol: MNKD Availability: 300'000 Exchanges: NASDAQ So when I go to purchase some more '17 in the money leaps what is not seen is the added short position of the calls sold to me...how is that hedged and so on and so on...think about the deficit of shares when those calls come "calling"...of course some will be met by long liquidation as the price goes up (natural market dynamics...but the question is where does everyone think their ceiling is for selling?)...the volatility when this occurs may end up mind boggling as witnessed when it happened to DNDN...only in MNKD's case I would expect the opposite end game to that of DNDN's, in other words instead of falling back to pennies getting bought out at a nice premium at some point down the road. Just a friendly reminder that IB does not collateralize. Juiced up rates but nothing protecting you. At Fidelity, for instance, your loaned out shares are replaced with collateral in same dollar amount. The reason you see daily rate/amount is because they mark to the close each day to determine interest earned. Interest is paid over the weekend while shares are loaned out. |
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Post by nugjuice on Mar 5, 2015 10:31:13 GMT -5
if I am reading it right on my shares. It shows that its a daily rate situation. So every morning they take the shares and every evening they return them. If I'm reading it right they do not hold it over the weekend? 45% over here. They also quoted a "limited supply" and said "they're not really approving any shorts right now" Can't tell you what firm, but it's one of the big 3 brokerage firms in the US Our margin agreement doesn't say anything like that. It basically says they can do whatever they want with it, whenever they want. No time frames specified. It says they can borrow your shares without notices, lend out, receive payment for lending, they can pledge, repledge, hypothecate, rehypothecate, etc. Then again, us 'full service brokerage firms' probably get away with a lot more than a discount brokerage. |
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Post by kc on Mar 5, 2015 11:02:01 GMT -5
Current note on the Fidelity active trader screen when you click on selling Short on MannKind. Shorts are paying 31.25%
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Post by Deleted on Mar 5, 2015 11:09:28 GMT -5
.52 or .0052?
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Post by babaoriley on Mar 5, 2015 12:11:56 GMT -5
Borrowing at 31% per year, making 3% per day. Hmmmmm, sounds like a pretty decent business model.
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Post by joeypotsandpans on Mar 5, 2015 12:22:47 GMT -5
Borrowing at 31% per year, making 3% per day. Hmmmmm, sounds like a pretty decent business model. Stubborn...hard to cry "uncle", of course they are most likely pissed off and saying the same thing about the good guys...nah I think they know they're, well as William Wallace would say....yer fooked! |
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Post by Deleted on Mar 5, 2015 12:41:04 GMT -5
Symbol: MNKD
Availability: 1'300'000
Exchanges: NASDAQ
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Post by cybergym66 on Mar 5, 2015 13:08:53 GMT -5
Symbol: MNKD Availability: 1'300'000 Exchanges: NASDAQ WOW!!! Correct me if I'm wrong but that's a lot of shares seemingly returned. The question I'm trying to figure out is this good or bad for the stock price? I was thinking N/A available was good for the stock price so 1.3 Million is bad? Me thinks I have it backwards! |
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Post by Deleted on Mar 5, 2015 13:18:27 GMT -5
Symbol: MNKD Availability: 1'300'000 Exchanges: NASDAQ WOW!!! Correct me if I'm wrong but that's a lot of shares seemingly returned. The question I'm trying to figure out is this good or bad for the stock price? I was thinking N/A available was good for the stock price so 1.3 Million is bad? Me thinks I have it backwards! bad, IMO. Look at the volume through last few days. It got hammered the day of the GS news, 22 million shares traded, the uptick rule went into effect. Yesterday, under the uptick rule only 4mil shares traded. Today, with the uptick rule done, by 10:30am, they had driven it another 5% lower on 4million shares in the first hour. Then they slowly cover the remainder of the day, free up shares to be used again to short it down another few percent in the first hour tomorrow. They did this last time when they rode it down from $9 to $8 to $7 to $6 to $5 to $4s before buying pressure got so great that it bounced to $7. |
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Post by Deleted on Mar 5, 2015 13:20:45 GMT -5
i would say its good because the sentiment is shifting.. shorty seems to start covering
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Post by alethea on Mar 5, 2015 13:51:12 GMT -5
Uptick rule? What uptick rule remains?
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Post by Deleted on Mar 5, 2015 13:52:51 GMT -5
Uptick rule? What uptick rule remains? Uptick rule ran through end of day yesterday. Today shorts were back to pounding the bid with sells. |
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