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Post by duncanbrent on May 17, 2017 13:58:06 GMT -5
My Schwab account went to 40% interest on the shares today. Up from 32% yesterday. Every single time this % has gone up, the stock gets taken down. Any thoughts? Fingers crossed.
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Post by dreamboatcruise on May 17, 2017 15:49:22 GMT -5
My Schwab account went to 40% interest on the shares today. Up from 32% yesterday. Every single time this % has gone up, the stock gets taken down. Any thoughts? Fingers crossed. They may well be loading the guns for an assault when rumors of something important at ASM end up being false. |
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Post by cjm18 on May 17, 2017 16:01:00 GMT -5
Shorts are expecting no good news tomorrow. They have been shorting since the day of earnings.
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Post by duncanbrent on May 17, 2017 16:15:55 GMT -5
Thanks guys! Something good will come soon....fingers crossed and supportive of team.
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Post by therealisaching on Jun 6, 2017 12:09:01 GMT -5
64% today
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Post by deaner3 on Jun 6, 2017 12:23:38 GMT -5
64% is ridiculous
Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint
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Post by peppy on Jun 6, 2017 12:38:31 GMT -5
64% is ridiculous Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint you would think so. Sanofi , Novo Nordisk and Eli Lilly have made a lot of money on MNKD. They are all in.
Dog eat dog.
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Post by mnkdfann on Jun 6, 2017 12:48:24 GMT -5
64% is ridiculous Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint To whomever may know (really knows, not just guessing) ... When it shows 64% does that rate apply to ALL SHARES borrowed and lent out, or only to shares borrowed and lent out that particular day? In other words, does the rate apply retroactively to shares that were lent out, say, months in the past? |
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Post by scoy on Jun 6, 2017 12:51:02 GMT -5
64% is ridiculous Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint People short stock because they think it's expensive, and they want to make money; it's called greed. Whenever you buy something it'd behoove you to make every possible attempt to understand exactly why the other party wants to sell, and ensure your reasons are better than their reasons. Or since it's a free country you can pretend they have no reason at all (that's what you're doing), but WARNING that may not be the most profitable investment strategy. Assuming you don't want to think about it, at least note the stock price is anything but flat over the last few weeks. |
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Post by harryx1 on Jun 6, 2017 12:59:19 GMT -5
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Post by kc on Jun 6, 2017 15:07:06 GMT -5
Fidelity is charging now 70.75% seems like a great deal if you need shares to short.
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Post by agedhippie on Jun 6, 2017 16:24:36 GMT -5
64% is ridiculous Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint It's the level of certainty in the market that next fund raise is relatively imminent and will dilute the stock. I have no idea if that expectation is right or wrong, but that is why you are seeing this. |
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Post by brotherm1 on Jun 6, 2017 17:02:15 GMT -5
Makes sense to me. Ergo it sure would be way more than cool if we can get away with funding by some healthier means. And I would think MNKD is well aware of this.
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Post by anderson on Jun 6, 2017 18:30:48 GMT -5
64% is ridiculous Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint To whomever may know (really knows, not just guessing) ... When it shows 64% does that rate apply to ALL SHARES borrowed and lent out, or only to shares borrowed and lent out that particular day? In other words, does the rate apply retroactively to shares that were lent out, say, months in the past? When you borrow from Fidelity, IB, Schwab the borrow rate fluctuates daily. Interest is paid daily. That is why it is risky to short stocks as the rate might go through the roof over night causing you a margin call. If you are big enough you can probably get a contract for x many shares for y% for z time, but that is not the norm. When you lend shares at least from Fidelity you get a statement at the end of the month that shows you how many shares you loaned, the interest rate and how much interest you earned each day. |
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Post by scoy on Jun 6, 2017 19:02:31 GMT -5
64% is ridiculous Shorts are paying high interest to keep the stock price flat. Makes no sense. From a making money standpoint only from a big pharma keep the little guy down viewpoint To whomever may know (really knows, not just guessing) ... When it shows 64% does that rate apply to ALL SHARES borrowed and lent out, or only to shares borrowed and lent out that particular day? In other words, does the rate apply retroactively to shares that were lent out, say, months in the past? Virtually all contracts are like the one defined here: www.eseclending.com/wp-content/themes/klasik-child/pdfs/eSecLending_Securities_Lending_Best_Practices.pdfLenders have the ability to recall their shares whenever they want. The interest being persistently higher would certainly be a reason to recall and re-lend. This example is very valid: www.s3partners.net/Research/SNAP2.phpBorrow rates on existing short positions were trading at General Collateral (the cheapest borrow rate for the easiest to borrow stocks) or slightly above G.C. rates as early as last week. But with new short selling hitting the street like a flash flood, rates have spiked dramatically. Rates on existing borrows have risen to 5% - 7% fee while borrow rates on new positions have ballooned to 45% - 60% fee. Rates on existing short positions will rise quickly as there is virtually no stock borrow supply left on the street and there were over 1.5 million shares recalled by lenders. |
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