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Post by casualinvestor on Feb 16, 2018 9:56:03 GMT -5
Rate to borrow at Schwab went up to 28.5% this morning.
Either people are pulling shares back from being loaned, or shorts are piling on more short volume. It's good to see that supply is starting to dry up
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Post by bill on Feb 16, 2018 10:34:55 GMT -5
I think it would be a hoot if someone started a crowd-sourced campaign to have as many individuals and institutions as possible withdraw their loaned MNKD shares on the same day for at least a few weeks. If several million shares were withdrawn from lending programs, it might cause a short squeeze that would create some interesting price changes. Even the threat of such an orchestrated action might cause some interesting activity.
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Post by boca1girl on Feb 16, 2018 11:13:43 GMT -5
Rate up to 28% this morning at Fidelity.
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Post by xanet on Feb 19, 2018 12:17:34 GMT -5
I think it would be a hoot if someone started a crowd-sourced campaign to have as many individuals and institutions as possible withdraw their loaned MNKD shares on the same day for at least a few weeks. If several million shares were withdrawn from lending programs, it might cause a short squeeze that would create some interesting price changes. Even the threat of such an orchestrated action might cause some interesting activity. We should have coordinated that with the expiration of the Jan 19 calls that expired worthless by a penny, or whatever it was. We could have called our brokers after the closing bell and told them to exercise those calls (not that I had cash lying around to do that). Unless those calls were covered, they would have had to come up with the shares from somewhere. Hey, gotta dream sometimes!
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Post by kc on Feb 19, 2018 12:39:38 GMT -5
FIDELITY raised their rate to borrow shares. Last week it was 44.5% now its up to 49.25%. Call now! Availability is short....
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Post by sportsrancho on Feb 19, 2018 13:13:49 GMT -5
Who’s calling back their shares?
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Post by Deleted on Feb 19, 2018 13:15:53 GMT -5
I think it would be a hoot if someone started a crowd-sourced campaign to have as many individuals and institutions as possible withdraw their loaned MNKD shares on the same day for at least a few weeks. If several million shares were withdrawn from lending programs, it might cause a short squeeze that would create some interesting price changes. Even the threat of such an orchestrated action might cause some interesting activity. We should have coordinated that with the expiration of the Jan 19 calls that expired worthless by a penny, or whatever it was. We could have called our brokers after the closing bell and told them to exercise those calls (not that I had cash lying around to do that). Unless those calls were covered, they would have had to come up with the shares from somewhere. Hey, gotta dream sometimes! FYI I am on board for a plan such as this; just give me the heads up.
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Post by kc on Feb 19, 2018 13:16:05 GMT -5
I'd like to see it hit 99% again.
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Post by buyitonsale on Feb 19, 2018 13:30:55 GMT -5
Who’s calling back their shares? I am... as soon as I see $50
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Post by traderdennis on Feb 19, 2018 15:48:57 GMT -5
FIDELITY raised their rate to borrow shares. Last week it was 44.5% now its up to 49.25%. Call now! Availability is short....
I have a feeling the rise in borrowing rate is related to option expiration last Friday. I would be willing to bet it goes back to the historical rates in a few days.
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Post by thekindaguyiyam on Feb 19, 2018 17:21:35 GMT -5
then if the pattern follows; shorts will make a concerted effort to bring down the price along with Seeking Alpha or Motley Fool writing another fud-based article to smokescreen an organized short attack.
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Post by traderdennis on Feb 19, 2018 17:55:43 GMT -5
then if the pattern follows; shorts will make a concerted effort to bring down the price along with Seeking Alpha or Motley Fool writing another fud-based article to smokescreen an organized short attack. I don't think it was a long term concerted effort. The MM's and option writers shorted to make their short calls expire worthless. Next major option expiration is March 16.
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Post by letitride on Feb 19, 2018 22:25:51 GMT -5
Who’s calling back their shares? I'm hoping its more like whos buying up those shares?
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Post by olebob1 on Feb 21, 2018 14:48:07 GMT -5
I'd like to see it hit 99% again. Fly on the wall 2/20/2018 rate to borrow MNKD 75.61%. Marching to Pretoria! If Pretoria is 99%.
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Post by kc on Feb 21, 2018 17:19:39 GMT -5
I'd like to see it hit 99% again. Fly on the wall 2/20/2018 rate to borrow MNKD 75.61%. Marching to Pretoria! If Pretoria is 99%. Well Fidelity today its 49.25% not sure the credibility of fly on the wall. But I do see it on the Fidelity new feed from 2/20/2018 at 8:45 AM. MannKind (MNKD) 75.61% +0.13. It does not give the name of the broker where its 75.61%
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