|
Post by dreamboatcruise on Jan 25, 2018 14:09:29 GMT -5
Schwab is looking for shares. Current rate is 23%. All of my shares had been returned to me at Schwab in Nov and early Dec. The only other time I had them returned in 3 years was for less than a week. I called on Monday to inquire about getting them back in the program. Today they took shares from one of my three accounts with MNKD. I just called again about the other two accounts. They seem to say they don't have enough demand. Were you already set up in the loan program? I hope they aren't begging to get people into the loan program while ignoring those with shares available already set up to loan.
|
|
|
Post by thekindaguyiyam on Jan 25, 2018 14:12:17 GMT -5
My advice to shorts is ... Don't cover because it is all bogus info coming out of this board. Just sit tight and feel comfortable in your own world. LOL
|
|
|
Post by awesomo on Jan 25, 2018 14:16:39 GMT -5
I've had my shares on loan for a couple months with Schwab, I also know someone with Schwab looking to short and there weren't shares available.
|
|
|
Post by mango on Jan 25, 2018 14:23:40 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind.
What a disgrace.
Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice
|
|
|
Post by deaner3 on Jan 25, 2018 14:30:08 GMT -5
Schwab wants to borrow mine sending me emails. Not a chance I’m loaning them out.
|
|
|
Post by awesomo on Jan 25, 2018 14:33:41 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind. What a disgrace. Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice I get the principal of not doing it. But they'll find the shares to short somewhere else so my small fry "contribution" isn't going to matter at all in the grand scheme of things. Plus I feel doubly good by taking their loan premium and reaming them on days like today.
|
|
|
Post by mango on Jan 25, 2018 14:40:25 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind. What a disgrace. Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice I get the principal of not doing it. But they'll find the shares to short somewhere else so my small fry "contribution" isn't going to matter at all in the grand scheme of things. Plus I feel doubly good by taking their loan premium and reaming them on days like today. That's fine and all but for me personally I care about what MannKind is trying to do and I want to see them succeed and I want to see people with diabetes get better by being able to use Afrezza. Shorting MannKind does not equate to having their back, IMO. We're talking about millions of people that need this insulin. I bet there are tons of people contributing "small fries" and that adds up. Doesn't matter how much you contribute, the fact is you're on the opposite side of the fence than me. Which is fine because obviously this is all personal on my part. What you're doing is about money.
|
|
|
Post by dreamboatcruise on Jan 25, 2018 14:45:45 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind. What a disgrace. Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice The income from loaning over the years has significantly contributed to my ability to withstand the pain of the decline in share price. Loaning out my shares with regard to any potential downward pressure on price is certainly no worse than if I had sold the shares. Though due to paltry (microscopic) size of my holdings compared to float, my actions wouldn't move the needle. I think shorts contribute to volatility, but that cuts both ways. Where the price ultimately settles will be determined by the perceived value of the future earnings per share, which is not affected by open short interest.
|
|
|
Post by awesomo on Jan 25, 2018 14:50:02 GMT -5
I get the principal of not doing it. But they'll find the shares to short somewhere else so my small fry "contribution" isn't going to matter at all in the grand scheme of things. Plus I feel doubly good by taking their loan premium and reaming them on days like today. That's fine and all but for me personally I care about what MannKind is trying to do and I want to see them succeed and I want to see people with diabetes get better by being able to use Afrezza. Shorting MannKind does not equate to having their back, IMO. We're talking about millions of people that need this insulin. I bet there are tons of people contributing "small fries" and that adds up. Doesn't matter how much you contribute, the fact is you're on the opposite side of the fence than me. Which is fine because obviously this is all personal on my part. What you're doing is about money. Whether MannKind succeeds has nothing to do with what you are doing, what am I doing, what the shorts are doing, etc. If the company starts producing results, the shorts will get fried. Of course I believe in the product and how it is helping people, otherwise I wouldn't have invested in it. But principals can only get you so far. And you can't honestly say you don't care if you make money on your investment.
|
|
|
Post by boca1girl on Jan 25, 2018 14:53:03 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind. What a disgrace. Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice Fidelity asked me to loan my shares and at first, I said no. As the shares continued to fall in value, they asked again about 12 months later. At that point I decided to try to recapture some of my real losses (options expired worthless) while I still held on to my shares. I view it as a DRIP program and have purchased more shares with the interest earned along the way. I don’t think my shares make much difference when you consider 33m shares short.
|
|
|
Post by dreamboatcruise on Jan 25, 2018 15:05:17 GMT -5
And Schwab just took the shares from my other two accounts at 23%
|
|
|
Post by olebob1 on Jan 25, 2018 16:36:40 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind. What a disgrace. Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice Fidelity asked me to loan my shares and at first, I said no. As the shares continued to fall in value, they asked again about 12 months later. At that point I decided to try to recapture some of my real losses (options expired worthless) while I still held on to my shares. I view it as a DRIP program and have purchased more shares with the interest earned along the way. I don’t think my shares make much difference when you consider 33m shares short. Mango, I understand your position completely. I felt the same way for many months until I realized how many on this board were lending shares. Several months ago I realized that I own more shares than the CEO and CFO combined and I make a lot less money, so I decided to make a little interest until the big boys buy a lot more shares. But I also had a day like today in mind. I called Fidelity this morning and called my shares back, just to put a little additional pressure on Shorts.
|
|
|
Post by dreamboatcruise on Jan 25, 2018 16:41:42 GMT -5
Fidelity asked me to loan my shares and at first, I said no. As the shares continued to fall in value, they asked again about 12 months later. At that point I decided to try to recapture some of my real losses (options expired worthless) while I still held on to my shares. I view it as a DRIP program and have purchased more shares with the interest earned along the way. I don’t think my shares make much difference when you consider 33m shares short. Mango, I understand your position completely. I felt the same way for many months until I realized how many on this board were lending shares. Several months ago I realized that I own more shares than the CEO and CFO combined and I make a lot less money, so I decided to make a little interest until the big boys buy a lot more shares. But I also had a day like today in mind. I called Fidelity this morning and called my shares back, just to put a little additional pressure on Shorts. Have you called them back before? Did you give or they ask for a reason? Do you plan to get them loaned out again at some point or pretty sure you wouldn't? I'd be worried if I called them back, I'd get on a black list with the loan dept. I'd love to play the game strategically and call them back during a period like now when the company might be trying to orchestrate a run up for a share offering, but only if I was certain I could get them back in the program.
|
|
|
Post by mannupnow on Jan 25, 2018 16:45:28 GMT -5
Fidelity asked me to loan my shares and at first, I said no. As the shares continued to fall in value, they asked again about 12 months later. At that point I decided to try to recapture some of my real losses (options expired worthless) while I still held on to my shares. I view it as a DRIP program and have purchased more shares with the interest earned along the way. I don’t think my shares make much difference when you consider 33m shares short. Mango, I understand your position completely. I felt the same way for many months until I realized how many on this board were lending shares. Several months ago I realized that I own more shares than the CEO and CFO combined and I make a lot less money, so I decided to make a little interest until the big boys buy a lot more shares. But I also had a day like today in mind. I called Fidelity this morning and called my shares back, just to put a little additional pressure on Shorts. Ha! Nice forced squeeze. Great idea
|
|
|
Post by casualinvestor on Jan 25, 2018 16:54:15 GMT -5
It really pisses me off and saddens me at the same time to see people talking about loaning their shares out for them to be used to short MannKind. What a disgrace. Nothing against ya'll personally, but damn...just how I feel you're obviously free to do as you wish it's your choice I thought the same thing, right until MNKD diluted 10M shares, and it because obvious that there were going to be plenty of shares around. After loaning my shares out in mid Oct, I've been able to buy almost 20% more shares since then, just using payments from the shorts, and will be buying more with each monthly payment. Best "dividend" stock around...
|
|