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Post by cybergym66 on Mar 5, 2015 14:01:58 GMT -5
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. I think I've seen this movie before...Like from Aug to Oct/Nov. The stock price is being systematically pushed down. Unless something good happens soon (GREAT Rx Numbers not just OK/good), then it continues down towards $5. |
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Post by Deleted on Mar 6, 2015 11:42:47 GMT -5
Shortable shares dropped from 1.3mil at end of the day yesterday down to 350k a few mins ago. FWIW it was showing NA about 30 mins ago.
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Post by cybergym66 on Mar 6, 2015 11:54:22 GMT -5
Shortable shares dropped from 1.3mil at end of the day yesterday down to 350k a few mins ago. FWIW it was showing NA about 30 mins ago. So I've been tried to read the Available Shares to Short tea leaves and I haven 't done too well lately. So let's see if N/A means the stock price goes up since there's not any shares available to short. Seems logical, no? |
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Post by kc on Mar 6, 2015 16:19:53 GMT -5
Disney's Mr. Toad's will adventure. Big blocks traded all day today. Blocks over 12,000 shares.
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Post by cybergym66 on Mar 6, 2015 16:46:51 GMT -5
Disney's Mr. Toad's will adventure. Big blocks traded all day today. Blocks over 12,000 shares.
I'd like to put this "Shorts/Hedges Wild Ride" in the cemetery with Mr. Toad!!! No surprise about lots of big blocks trading today or since GS crap on MNKD! Unfortunately, if we don'tget above $5.50 on Monday we're going to then test $5 - $5.10 range and I don't see Rx numbers helping the stock until the 3rd or 4th week of March (I think next week's Number will be better but still below 200). |
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Post by joeypotsandpans on Mar 10, 2015 11:58:25 GMT -5
More attention on the SI this afternoon....and this just out on my screen
Option Alert: Mannkind May $5 Call; 2500 Contract Trade at Ask @$0.68
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Post by cybergym66 on Mar 10, 2015 12:32:28 GMT -5
Did you see the volume on the May $5? 3725!!! Pretty bullish bet. I have May $6 & $7...I need some help with them.
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Post by Deleted on Mar 10, 2015 15:10:05 GMT -5
Short interest just released. Not unexpectedly, its up to over 90 mil
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Post by nemzter on Mar 10, 2015 16:20:32 GMT -5
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Post by goyocafe on Mar 10, 2015 18:40:11 GMT -5
I moved some to Schwab and they only borrowed about half of the shares for the fully paid securities lending program I signed up for. Then I looked at my account and realized they had opened it with margin, even though I had nothing on margin. It took me two days to correct that, but oddly, once I did, they immediately borrowed the other half. Makes you wonder how many shares are used by brokers and they never tell you. The 'ol "lend your shares without telling you trick". |
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Post by dreamboatcruise on Mar 10, 2015 19:34:11 GMT -5
goyocafe... they are supposed to only be able to borrow up to an amount equal to the outstanding margin balance you have. Just because it is a margin account doesn't give them that right... at least that is the way I understand it. Maybe it was just a coincidence. BTW... when did they borrow the second chunk and at what rate. I just moved some shares over to Schwab myself.
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Post by goyocafe on Mar 10, 2015 19:45:05 GMT -5
goyocafe... they are supposed to only be able to borrow up to an amount equal to the outstanding margin balance you have. Just because it is a margin account doesn't give them that right... at least that is the way I understand it. Maybe it was just a coincidence. BTW... when did they borrow the second chunk and at what rate. I just moved some shares over to Schwab myself. The day after the margin account was converted to a straight brokerage account, they came back for the balance of my shares. I'm getting 16% from Schwab. I even asked about it before I converted the account and they gave me a huge story about some complicated equation they use to calculate the number of shares they can borrow. Yeah, and the next day they changed all that and came for the rest of my shares. |
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Post by gwb on Mar 10, 2015 21:10:17 GMT -5
I moved some to Schwab and they only borrowed about half of the shares for the fully paid securities lending program I signed up for. Then I looked at my account and realized they had opened it with margin, even though I had nothing on margin. It took me two days to correct that, but oddly, once I did, they immediately borrowed the other half. Makes you wonder how many shares are used by brokers and they never tell you. The 'ol "lend your shares without telling you trick". Schwab did the same to me , I told them to Fu*K off and moved my account to Fidelity ! |
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Post by nugjuice on Mar 11, 2015 10:42:29 GMT -5
goyocafe... they are supposed to only be able to borrow up to an amount equal to the outstanding margin balance you have. Just because it is a margin account doesn't give them that right... at least that is the way I understand it. Maybe it was just a coincidence. BTW... when did they borrow the second chunk and at what rate. I just moved some shares over to Schwab myself. Unfortunately,these firms have buried in the new account document disclosures that just simply having margin on the account (even if you never use it) allows them to borrow your shares at will - they can lend, relend, hypothecate, rehypothecate, pretty much anything they want. They also don't pay you anything for it. |
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Post by dreamboatcruise on Mar 11, 2015 11:46:21 GMT -5
goyocafe... they are supposed to only be able to borrow up to an amount equal to the outstanding margin balance you have. Just because it is a margin account doesn't give them that right... at least that is the way I understand it. Maybe it was just a coincidence. BTW... when did they borrow the second chunk and at what rate. I just moved some shares over to Schwab myself. Unfortunately,these firms have buried in the new account document disclosures that just simply having margin on the account (even if you never use it) allows them to borrow your shares at will - they can lend, relend, hypothecate, rehypothecate, pretty much anything they want. They also don't pay you anything for it. Guess I need to start reading the fine print. |
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