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Post by dreamboatcruise on Mar 17, 2015 11:17:05 GMT -5
Can someone look up the shares available to borrow and post, please.
I wonder if I missed the boat in transferring the additional shares to Schwab. At least their story is consistent. They did set up my new account to have it ready to borrow if they have a demand for MNKD shares.
Interesting that the share price has been drifting/sinking down apparently without need for borrowed shares.
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Post by cybergym66 on Mar 17, 2015 11:22:44 GMT -5
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Post by dreamboatcruise on Mar 17, 2015 11:53:06 GMT -5
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Post by kc on Mar 17, 2015 13:23:56 GMT -5
Is that all brokers (marketplace) or just at Interactivebrokers?
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Post by joeypotsandpans on Mar 17, 2015 13:31:38 GMT -5
Is that all brokers (marketplace) or just at Interactivebrokers? The 1.4m was at IB, I checked earlier and BoNY Mellon/Pershing was still charging 30-35% to borrow shares, and if Fidelity is still above 20% then it seem its a house by house case basis, although Schwab just seems to be similar to what we would call a .20c line in sports lol |
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Post by joeypotsandpans on Mar 17, 2015 15:35:56 GMT -5
Is that all brokers (marketplace) or just at Interactivebrokers? The 1.4m was at IB, I checked earlier and BoNY Mellon/Pershing was still charging 30-35% to borrow shares, and if Fidelity is still above 20% then it seem its a house by house case basis, although Schwab just seems to be similar to what we would call a .20c line in sports lol
Volume(Light)
2,364,775
Just another "pitch and catch" day at the office, anemic trading volume...while drinking green beer, at least we passed the Ides of March  BUT there were 900 put contracts opened at the 5 strike for next weeks expiration: MNKD (Weekly) Mar 27 2015 5 Put Bid Ask B/A Size Volume Open Interest 0.05 0.09 619X10 900 0 |
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Post by Deleted on Mar 17, 2015 15:42:20 GMT -5
Joey, how the heck can people pay 30+% to borrow shares for their short position? Are these people convinced MNKD is going to drop a few more bucks? Do you know what type of account treatment an institution has for an open short position? Sorry to hit you with all of this but you seem to be very well versed in this subject matter. Thanks,
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Post by joeypotsandpans on Mar 17, 2015 16:14:06 GMT -5
Joey, how the heck can people pay 30+% to borrow shares for their short position? Are these people convinced MNKD is going to drop a few more bucks? Do you know what type of account treatment an institution has for an open short position? Sorry to hit you with all of this but you seem to be very well versed in this subject matter. Thanks, Think of it this way, if memory serves me right (at this point I only have halvesheimers) in the current scenario the longs are Mario and Luigi...and Bowser is paying through the nose to eliminate them...it goes through many levels but eventually they beat the last level and Bowser along with it. Right now it feels like were getting closer to those last levels. Not sure what you mean by "account treatment" ...but maybe you should call Jimmy Olson and ask him when his next article/rating is coming out for the Daily Planet ...seriously Scotta, not sure how it is all going to play out but someone or something is going to get caught without a chair when the music stops imo. |
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Post by nemzter on Mar 17, 2015 16:15:18 GMT -5
Fidelity is at 20% now, down from 21%
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Post by gomnkd on Mar 17, 2015 16:15:48 GMT -5
Joey, how the heck can people pay 30+% to borrow shares for their short position? Are these people convinced MNKD is going to drop a few more bucks? Do you know what type of account treatment an institution has for an open short position? Sorry to hit you with all of this but you seem to be very well versed in this subject matter. Thanks, This is all trading. 30% is annualized rate. Many shorts are traders. If stock is at 7, and you short and cover at 5.5, you get real 27% return. Even if it takes 2 months, you pay hardly 5%. They can keep doing it again and again. Right now, the stock doesn't have much juice to short. Rinse and repeat. Look at last 10+ years, pattern is obvious. |
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Post by joeypotsandpans on Mar 17, 2015 16:56:17 GMT -5
Joey, how the heck can people pay 30+% to borrow shares for their short position? Are these people convinced MNKD is going to drop a few more bucks? Do you know what type of account treatment an institution has for an open short position? Sorry to hit you with all of this but you seem to be very well versed in this subject matter. Thanks, This is all trading. 30% is annualized rate. Many shorts are traders. If stock is at 7, and you short and cover at 5.5, you get real 27% return. Even if it takes 2 months, you pay hardly 5%. They can keep doing it again and again. Right now, the stock doesn't have much juice to short. Rinse and repeat. Look at last 10+ years, pattern is obvious. The only pattern that is obvious to me is the relatively straight line up in short interest to sub 100 million shares, they may be rinsing and repeating but all the while continuing under borrowed terms, I know a lot of families that thought the same thing as they made "the minimum monthly payments" on all their credit cards as they built up the balances...they had chapter 7 of the US Bankruptcy code to fall back on, not sure where the safety net lies for the short position in this case but as the company continues the build out for anticipated capacity needs along with reaching continuous milestones per the agreement it would sure seem to me one "family" continues to get their financial house in order while the other one continues to borrow...just a little food for thought on that obvious pattern reference |
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Post by ezrasfund on Mar 17, 2015 17:15:45 GMT -5
Joey, I do believe that the continually rising short interest means this isn't "rinse and repeat" as the trades have not been closed yet, the shorts just keep doubling down. I would like to know who they really are, because 90 million shares represents about $500 million, and is clearly not the work of a few day traders. Based on Cramer's mentioning of his "friends" both short and long, and the very flimsy GS analysis accompanying their downgrade, I think GS is the prime suspect.
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Post by kc on Mar 17, 2015 18:36:08 GMT -5
THAT IS WHAT WE NEED TO ASK THE SEC.... This is all trading. 30% is annualized rate. Many shorts are traders. If stock is at 7, and you short and cover at 5.5, you get real 27% return. Even if it takes 2 months, you pay hardly 5%. They can keep doing it again and again. Right now, the stock doesn't have much juice to short. Rinse and repeat. Look at last 10+ years, pattern is obvious. The only pattern that is obvious to me is the relatively straight line up in short interest to sub 100 million shares, they may be rinsing and repeating but all the while continuing under borrowed terms, I know a lot of families that thought the same thing as they made "the minimum monthly payments" on all their credit cards as they built up the balances...they had chapter 7 of the US Bankruptcy code to fall back on, not sure where the safety net lies for the short position in this case but as the company continues the build out for anticipated capacity needs along with reaching continuous milestones per the agreement it would sure seem to me one "family" continues to get their financial house in order while the other one continues to borrow...just a little food for thought on that obvious pattern reference |
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Post by Deleted on Mar 18, 2015 5:49:06 GMT -5
Thanks Joey,
I meant to say accounting treatment, that is, if an institution has an open large short position in MNKD, what is the accounting treatment for it, i.e. mark to market quarterly or is it some how disclosed annually or is any disclosure a function of the level of material impact, if any on their financial statements.
I find it hard to believe that strong TRx growth won't garner a bit of attention from any shorts who understand the pharmaceutical industry.
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Post by Deleted on Mar 18, 2015 5:57:40 GMT -5
gomnkd, the one difference now is that there is a product generating revenue so the days of rinse and repeat may be waining. 171 TRx last week doesn't move the needle but if week over week growth were to be steady at 35%, in 16 weeks, the weekly run rate for TRx would be 20,813.00 which I believe would put a lot of pressure on shorts if only for the reason that institutional interest in MNKD would increase along with upgrades or new positive analyst coverage.
FDA prohibits DTC advertising for the first 6 months which means July. Given many are on vacation that time of year and then with back to school season arriving maybe the big DTC push starts early September, pure conjecture on my part.
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BUT there were 900 put contracts opened at the 5 strike for next weeks expiration: 
