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Post by dinvestor89 on Oct 20, 2015 12:57:37 GMT -5
I am a young investor,
I have 3000 shares of MNKD stock which I will be holding on to (possibly adding to over the years). I am wondering how I can lend these shares out for that 25%+ that people are getting. Or do I have too little amount of shares? Thank you!
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Post by esstan2001 on Oct 20, 2015 13:03:24 GMT -5
Too little an amount of shares. Fidelity requires an account value of $250k with $100k in MNKD; Schwab may be less.
Hopefully this is a good start for you, if you hold and forget, may fortune smile upon you such that you meet these requirements!
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Post by dinvestor89 on Oct 20, 2015 13:05:40 GMT -5
Haha yikes! Yeah a little short  MNKD is my first investment and I've been here for two years. After doing deep research on this product / company / CEO. I feel comfortable keeping my money here. Although there have been events within the past 2 years that have scared the crap out of me! lol Gotta be in it to win it though right? |
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Post by babaoriley on Oct 20, 2015 13:13:10 GMT -5
Curious what you concluded regarding the CEO (if you mean Hakan), if you are referring to Al Mann, nevermind.
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Post by dreamboatcruise on Oct 20, 2015 14:33:53 GMT -5
dinvestor89: Put them in Schwab and you can get them loaned out at somewhat lower rate than Fidelity. Right now Schwab is at 30% whereas Fidelity is 32% (I believe). Schwab has no official minimum. However, 3000 shares might not be enough for them to bother asking you. If you put them in Schwab you should then call their Securities Lending Fully Paid (SLFP) group and request that they loan them out (877-793-8872). I did have other assets with Schwab (though not $250k) before transferring MNKD shares there. If you haven't been dealing with Schwab you might want to call that number and confirm that if you did transfer your shares, they would use them. Best of luck in investing. When your young is definitely the time to be a little more speculative and MNKD is certainly something that could lead to big payoffs if Afrezza is even a moderate success in diabetes management.
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Post by caveintemptor on Oct 21, 2015 7:59:11 GMT -5
I am a young investor, I have 3000 shares of MNKD stock which I will be holding on to (possibly adding to over the years). I am wondering how I can lend these shares out for that 25%+ that people are getting. Or do I have too little amount of shares? Thank you! Why would you want to help those killing a stock if you like it enough to go long ? My point is that the 25% per annum rate is an illusion: this is only 0.43% per week, peanuts to pay to kill a stock... |
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Post by Deleted on Oct 21, 2015 8:10:14 GMT -5
I am a young investor, I have 3000 shares of MNKD stock which I will be holding on to (possibly adding to over the years). I am wondering how I can lend these shares out for that 25%+ that people are getting. Or do I have too little amount of shares? Thank you! Why would you want to help those killing a stock if you like it enough to go long ? My point is that the 25% per annum rate is an illusion: this is only 0.43% per week, peanuts to pay to kill a stock... why not if it helps them to dig a deeper hole .. so deep that they cant get out lol |
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Post by anderson on Oct 21, 2015 9:12:13 GMT -5
Fidelity is $250k in your Fidelity accounts(IRA's and if your 401k has a brokerage link portion this counts) OR $100k of the equity you want to lend out, then you can sign up for there fully paided lending program.
Also if you are planning on holding for the long term(6-7years more) why not get the interest. I trust in the technology and that it will win in the end, so if the shorts want to pay me a dividend that I can use to buy more shares why shouldn't I take it? The shorts only win in the near term, so only those looking for near term gains are worried about people lending out their shares. I say lend your shares, so you can buy more shares and the shorts can dig a bigger hole for themselves.
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Post by cathode on Oct 21, 2015 10:16:33 GMT -5
Fidelity is $250k in your Fidelity accounts(IRA's and if your 401k has a brokerage link portion this counts) OR $100k of the equity you want to lend out, then you can sign up for there fully paided lending program.
Also if you are planning on holding for the long term(6-7years more) why not get the interest. I trust in the technology and that it will win in the end, so if the shorts want to pay me a dividend that I can use to buy more shares why shouldn't I take it? The shorts only win in the near term, so only those looking for near term gains are worried about people lending out their shares. I say lend your shares, so you can buy more shares and the shorts can dig a bigger hole for themselves. The reason for not lending your shares is that you actively aiding those who are fundamentally aligned against the growth of this company. The 'short sellers' have goals beyond just reaping their short term profits. They seek to cripple MannKind by limiting the financing options available to the company. If you are invested in MannKind as a partial owner of the company, then you should be interested in seeing the company grow and strengthen. Lending your shares to shorts will not do that. |
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Post by dinvestor89 on Oct 21, 2015 10:56:56 GMT -5
Curious what you concluded regarding the CEO (if you mean Hakan), if you are referring to Al Mann, nevermind. At the time of making my investment decision it was Al Mann. I have not looked too much into Hakan. Sorry! |
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