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Post by kippyt on Feb 16, 2016 18:29:03 GMT -5
Fwiw I saw on the holdings list for mnkd that as of 12/31/15 Jason Karp's fund Tourbillon is long 639k shares. I'm sure the Goldman increase of 7mm shares to 9mm was noted already but I didn't see anything on Tourbillon holdings (if I'm wrong please lock this thread). Not sure if still long or if hedge against something but it was the first time I've seen it.
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Post by harryx1 on Feb 16, 2016 18:47:54 GMT -5
credit to tchalaa
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Post by benyiju on Feb 16, 2016 22:25:08 GMT -5
Will GS initiate a buy recommendations now that Karp has covered his short position? You do see that he is still net short (a lot), right?
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Post by vestful on Feb 16, 2016 22:36:16 GMT -5
Scared
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Post by cretin11 on Feb 16, 2016 23:21:44 GMT -5
Will GS initiate a buy recommendations now that Karp has covered his short position? You do see that he is still net short (a lot), right? Whats your take on the GS net position as reflected above? Not sure I know how to read and understand those numbers.
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Post by matt on Feb 18, 2016 10:35:44 GMT -5
The numbers show a classic option straddle, holding both puts and calls in approximately equal amounts. This is something an investor does when they recognize that a security is likely to experience high volatility, but the investor doesn't know whether the price will go up or down. So long as the price moves significantly, either the call or the put will be in the money and the other position will expire worthless. If, for example, you had a strong belief that MNKD would either go bankrupt or be acquired for $2/share, but you couldn't predict which of those outcomes was more likely, a straddle is the way to profit regardless of the outcome. The only way you lose with a straddle is if the price stays put around $1 (i.e. no big event) or if the price of the options becomes too expensive relative to the potential profit.
As for the long position in shares, GS has a lot of funds and some of those are trackers that follow the indicies. So long as MNKD remains in the indicies, the funds will hold those shares regardless of the price action. GS also manages a lot of 401(k) / IRA type accounts where the client has chosen to invest in MNKD and those show up in the GS numbers even though it is not Goldman that actually owns the shares because the shares are in street name but parked in a GS account.
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Post by Deleted on Feb 18, 2016 12:19:23 GMT -5
Mods should make a thread and lock it about institutional ownership and how it is not as black and white as people think. Its really sad how many people have this wrong and there have been way to many posters who have steered people in the wrong direction with their conspiracy theories. At the end of the day you can only blame yourself for listening to unqualified individuals but MODS should right this ship.
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Post by kball on Feb 18, 2016 14:04:05 GMT -5
The numbers show a classic option straddle, holding both puts and calls in approximately equal amounts. This is something an investor does when they recognize that a security is likely to experience high volatility, but the investor doesn't know whether the price will go up or down. So long as the price moves significantly, either the call or the put will be in the money and the other position will expire worthless. If, for example, you had a strong belief that MNKD would either go bankrupt or be acquired for $2/share, but you couldn't predict which of those outcomes was more likely, a straddle is the way to profit regardless of the outcome. The only way you lose with a straddle is if the price stays put around $1 (i.e. no big event) or if the price of the options becomes too expensive relative to the potential profit. As for the long position in shares, GS has a lot of funds and some of those are trackers that follow the indicies. So long as MNKD remains in the indicies, the funds will hold those shares regardless of the price action. GS also manages a lot of 401(k) / IRA type accounts where the client has chosen to invest in MNKD and those show up in the GS numbers even though it is not Goldman that actually owns the shares because the shares are in street name but parked in a GS account.Is this fact? Admittedly i never knew this. Then Fidelity same?
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Post by agedhippie on Feb 18, 2016 15:35:50 GMT -5
As for the long position in shares, GS has a lot of funds and some of those are trackers that follow the indicies. So long as MNKD remains in the indicies, the funds will hold those shares regardless of the price action. GS also manages a lot of 401(k) / IRA type accounts where the client has chosen to invest in MNKD and those show up in the GS numbers even though it is not Goldman that actually owns the shares because the shares are in street name but parked in a GS account.Is this fact? Admittedly i never knew this. Then Fidelity same? Yes, and Blackrock, etc. as well.
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Post by obamayoumama on Feb 18, 2016 17:37:52 GMT -5
The numbers show a classic option straddle, holding both puts and calls in approximately equal amounts. This is something an investor does when they recognize that a security is likely to experience high volatility, but the investor doesn't know whether the price will go up or down. So long as the price moves significantly, either the call or the put will be in the money and the other position will expire worthless. If, for example, you had a strong belief that MNKD would either go bankrupt or be acquired for $2/share, but you couldn't predict which of those outcomes was more likely, a straddle is the way to profit regardless of the outcome. The only way you lose with a straddle is if the price stays put around $1 (i.e. no big event) or if the price of the options becomes too expensive relative to the potential profit. As for the long position in shares, GS has a lot of funds and some of those are trackers that follow the indicies. So long as MNKD remains in the indicies, the funds will hold those shares regardless of the price action. GS also manages a lot of 401(k) / IRA type accounts where the client has chosen to invest in MNKD and those show up in the GS numbers even though it is not Goldman that actually owns the shares because the shares are in street name but parked in a GS account.Is this fact? Admittedly i never knew this. Then Fidelity same? That is wrong. These shares are held by GS funds or themselves. Look what they did a few years ago. They were telling client to hold Mortage paper that GS was shorting. These are not client accounts. Otherwise all of Al Mann's shares would show up in Merrill holdings.
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Post by mnkdfann on Feb 18, 2016 18:17:58 GMT -5
And perhaps they do. AFAIK, Al's last reported holdings are as of last August. But so far as institutional holdings go, as of 2015 year end: BANK OF AMERICA CORP /DE/ 12/31/2015 356,233 (3,511,190) (90.79) 356 Read more: www.nasdaq.com/symbol/mnkd/institutional-holdings?page=2#ixzz40Z2Cz9FBMerrill is a BOA subsidiary. Maybe Al sold a big chunk towards the end of the year?
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Post by garrett on Feb 18, 2016 19:21:23 GMT -5
The numbers show a classic option straddle, holding both puts and calls in approximately equal amounts. This is something an investor does when they recognize that a security is likely to experience high volatility, but the investor doesn't know whether the price will go up or down. So long as the price moves significantly, either the call or the put will be in the money and the other position will expire worthless. If, for example, you had a strong belief that MNKD would either go bankrupt or be acquired for $2/share, but you couldn't predict which of those outcomes was more likely, a straddle is the way to profit regardless of the outcome. The only way you lose with a straddle is if the price stays put around $1 (i.e. no big event) or if the price of the options becomes too expensive relative to the potential profit. As for the long position in shares, GS has a lot of funds and some of those are trackers that follow the indicies. So long as MNKD remains in the indicies, the funds will hold those shares regardless of the price action. GS also manages a lot of 401(k) / IRA type accounts where the client has chosen to invest in MNKD and those show up in the GS numbers even though it is not Goldman that actually owns the shares because the shares are in street name but parked in a GS account. matt- it is a straddle but a very bearish one. The puts are deep ITM and the calls are way OTM. There were several more of these type straddles put on this week.
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Post by benyiju on Feb 18, 2016 20:01:49 GMT -5
The numbers show a classic option straddle, holding both puts and calls in approximately equal amounts. This is something an investor does when they recognize that a security is likely to experience high volatility, but the investor doesn't know whether the price will go up or down. So long as the price moves significantly, either the call or the put will be in the money and the other position will expire worthless. If, for example, you had a strong belief that MNKD would either go bankrupt or be acquired for $2/share, but you couldn't predict which of those outcomes was more likely, a straddle is the way to profit regardless of the outcome. The only way you lose with a straddle is if the price stays put around $1 (i.e. no big event) or if the price of the options becomes too expensive relative to the potential profit. As for the long position in shares, GS has a lot of funds and some of those are trackers that follow the indicies. So long as MNKD remains in the indicies, the funds will hold those shares regardless of the price action. GS also manages a lot of 401(k) / IRA type accounts where the client has chosen to invest in MNKD and those show up in the GS numbers even though it is not Goldman that actually owns the shares because the shares are in street name but parked in a GS account. matt- it is a straddle but a very bearish one. The puts are deep ITM and the calls are way OTM. There were several more of these type straddles put on this week. They're going to ride this down for the next two months, it's easy money. They know nothing of substance is going to be announced before then.
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Post by garrett on Feb 18, 2016 20:04:01 GMT -5
matt- it is a straddle but a very bearish one. The puts are deep ITM and the calls are way OTM. There were several more of these type straddles put on this week. They're going to ride this down for the next two months, it's easy money. They know nothing of substance is going to be announced before then. I think you are right on about that!
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Post by rockstarrick on Feb 18, 2016 20:30:12 GMT -5
Mods should make a thread and lock it about institutional ownership and how it is not as black and white as people think. Its really sad how many people have this wrong and there have been way to many posters who have steered people in the wrong direction with their conspiracy theories. At the end of the day you can only blame yourself for listening to unqualified individuals but MODS should right this ship. Sharing institutional ownership isn't steering anybody, unless people claim all shares are held by a certain institution. Quarterly institution ownership reports are something that most, if not all investors pay attention to, sharing this report if you notice it hasent yet been shared should be considered courteous IMO. "Unqualified individuals" LMAO
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