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Post by rak5555 on Feb 10, 2015 21:34:48 GMT -5
Having watched the stock for going on 9 years, it appears to me that $6 has become the fulcrum point between long accumulation and increased short positions. When the PPS is below $6, the longs add. When the PPS is over $6 the shorts add. The shorts are just as happy to add to their position when the PPS is $7.50 as the longs are when the PPS is $4.50. When the music stops, which one of us will be caught without a chair.
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Post by print185 on Feb 10, 2015 22:47:49 GMT -5
I am hoping for a Technosphere deal and the mother-of-all-squeezes to go with it. The uptick rule should clearly be reinstated so that the short-raiders are playing on a more even field. I hope they lose everything. The stock market was created to help companies raise money and help investors make money by investing in them, not for this type of legal price manipulation.
Good luck to all. Go MNKD!
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Post by robsacher on Feb 10, 2015 23:31:17 GMT -5
ashiwi,
I think today's five major sell offs at various times during the course of the day were more likely due to profit taking than short attacks. We have had a tremendous run up over the last two weeks. That being said, if one is inclined to short the stock, would it not make sense to short MNKD at 7.60 rather than at 6.50 since there is more room for downward motion and more profit for a short?
Or, perhaps today's sell offs were shorts testing the waters to see if buyers would immediately buy back in.
The thing that I, as a Long, feel uncomfortable about is that the p/s opened at 7.71 and closed at 7.58. That was a considerable fall, almost 2%, especially since the market was up quite a lot.
Tomorrow should be interesting. Are we about to hit a head wind or will the tail wind return from where it was blowing for the last two weeks?
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Post by babaoriley on Feb 10, 2015 23:46:19 GMT -5
I am once again really amazed at this new number of 80,000,000 shares short!
Today, in contrast to most, I did not get the feel that it was shorts trying to instill panic, I just felt it was some good, old-fashioned profit taking by a number of reasonably big players, not necessarily institutions, but big players. The stock seemed to be in consolidation mode (aka, "taking a breather") today after the early run to $7.88. Generally, in a consolidation, the share price ends up in the red, but we managed to get a little more green, and on very high volume. Also, generally, the consolidation can go for a few days, but this one wants to run consistently recently, so who knows.
Since I can't conceive of someone shorting significantly currently, I decided to not believe it was multiple short attacks today. Just call me Pollyanna!
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Post by noonen on Feb 11, 2015 6:55:26 GMT -5
floored by this number. we'll take your 4mm increase and raise you $1 in appreciation.
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Post by papihoyos on Feb 11, 2015 8:21:33 GMT -5
Remember the short interest is as of 1/30 not 2/10. A lot has happened in the last 10 days. The stock was at 6.35 on 1/30 so suspect the volume in the last 10 days and run up is a result of short unwinding their position.
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Post by print185 on Feb 11, 2015 8:30:54 GMT -5
Maybe SNY is much smarter than we thought by doing a soft roll-out rather than making a big announcement with lots of fanfare.
Interesting
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Post by tbone on Feb 11, 2015 8:38:36 GMT -5
Remember the short interest is as of 1/30 not 2/10. A lot has happened in the last 10 days. The stock was at 6.35 on 1/30 so suspect the volume in the last 10 days and run up is a result of short unwinding their position. The problem with that theory is that the interest paid on borrowed shares has increased considerably and did so again yesterday. I would have to say short interest is higher today than the figure reported for end of Jan. just sayin'. |
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Post by noonen on Feb 11, 2015 10:22:32 GMT -5
Remember the short interest is as of 1/30 not 2/10. A lot has happened in the last 10 days. The stock was at 6.35 on 1/30 so suspect the volume in the last 10 days and run up is a result of short unwinding their position. absolutely. if it was calculated from 12/15 to 2/10, and nobody covered, it would be "I'll raise you $2 in price appreciation". but surely some folks covered by 2/10. we'll see in a couple weeks. |
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Post by mnholdem on Feb 11, 2015 11:20:50 GMT -5
On Monday/Tuesday received the following message in my Scottrade account:
Stocks and ETFs Subject to Higher Maintenance
Please be aware that there is an additional maintenance requirement for the securities listed below. This requirement is in addition to our house minimum requirements, which do not exceed 100%.Trades in these securities should be placed with the additional maintenance requirement in mind. Margin maintenance requirements may change at any time without prior notice.
Stocks subject to an additional maintenance requirement are listed below:
Symbol: MNKD Additional Requirement: 100%
The above-mentioned securities may be held at a different maintenance requirement than stated, due to stock pricing requirements, recent initial public offerings (IPOs) and/or Federal Reserve requirements.
Keep in mind that these issues can rapidly rise in value and also fall rapidly. Stocks on margin that have a rapid price fluctuation may cause you to have to liquidate shares or deposit additional funds to meet maintenance requirements. If you have any questions about your margin account or maintenance requirements, please contact your local Scottrade team.
Visit the Knowledge Center for more information about margin requirements.
Revised: 2/9/2015
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NOTE: On this notice, Scottrade listed hundreds of stocks from AAC to ZVUE. MNKD was the only stock on the entire list that displayed a 100% additional maintenance requirement. |
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alexer
Lab Rat
Posts: 49 
Sentiment: Long
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Post by alexer on Feb 11, 2015 11:48:50 GMT -5
On Monday/Tuesday received the following message in my Scottrade account:
Stocks and ETFs Subject to Higher Maintenance
Please be aware that there is an additional maintenance requirement for the securities listed below. This requirement is in addition to our house minimum requirements, which do not exceed 100%.Trades in these securities should be placed with the additional maintenance requirement in mind. Margin maintenance requirements may change at any time without prior notice.
Stocks subject to an additional maintenance requirement are listed below:
Symbol: MNKD Additional Requirement: 100%
The above-mentioned securities may be held at a different maintenance requirement than stated, due to stock pricing requirements, recent initial public offerings (IPOs) and/or Federal Reserve requirements.
Keep in mind that these issues can rapidly rise in value and also fall rapidly. Stocks on margin that have a rapid price fluctuation may cause you to have to liquidate shares or deposit additional funds to meet maintenance requirements. If you have any questions about your margin account or maintenance requirements, please contact your local Scottrade team.
Visit the Knowledge Center for more information about margin requirements.
Revised: 2/9/2015
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NOTE: On this notice, Scottrade listed hundreds of stocks from AAC to ZVUE. MNKD was the only stock on the entire list that displayed a 100% additional maintenance requirement. So what does is it mean? Are shorts in trouble or not yet? |
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Post by mdcenter61 on Feb 11, 2015 12:06:20 GMT -5
Mnholdem:
I don't know about other brokerages, but Schwab has had MNKD on a 100% maintenance requirement since just before the 2011 PDUFA/CRL - not able to margin for the last 4+ years.
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Post by chicagpete on Feb 11, 2015 12:42:40 GMT -5
Yes. Not margin able at Schwab. My shares are currently loaned out at 10percent interest rate at schwab. I spoke to schwab securities lending rep this morning - and he stated "this looks like it has some legs and this interest rate should last awhile. "
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Post by joeypotsandpans on Feb 11, 2015 14:19:54 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. Ash, spoke w/my contact who is a MM and he stated that the borrow rate at BoNY Mellon Pershing was an astonishing 30-40%...now that is an amazing load for one to carry...I don't care how deep your pockets are...all I know from years of experience is when you see rates like that it is usually perilously close to the one borrowing or carrying that interest to punt and file BK...just sayin... |
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Post by noonen on Feb 11, 2015 14:44:55 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. Ash, spoke w/my contact who is a MM and he stated that the borrow rate at BoNY Mellon Pershing was an astonishing 30-40%...now that is an amazing load for one to carry...I don't care how deep your pockets are...all I know from years of experience is when you see rates like that it is usually perilously close to the one borrowing or carrying that interest to punt and file BK...just sayin... those are crazy rates!! new shorts at 30-40% need this to get to 4.50 to 5.25 to roughly BREAKEVEN at those rates if they got in at the open. sure it can happen. but wow. i feel strangely (or maybe not strangely) more secure waiting for some sales to come in on the long side. crazy rates. how about a little last hour run up for kicks?? |
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