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Post by boca1girl on Apr 19, 2018 21:03:39 GMT -5
Wow, so Fidelity is only making 2% on the spread! I bet the rate paid will drop further. Too bad we can’t get a real squeeze that so many of us have dreamed about! They are currently charging 55% to borrow shares That makes more sense than a 2% spread. When you said “borrow” rate, I did not read that as the rate paid to the lender.
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Post by Deleted on Apr 20, 2018 9:05:46 GMT -5
Loan rate increased to 12% at Schwab.
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Post by boca1girl on Apr 20, 2018 11:01:30 GMT -5
Down to 14% from yesterday’s 14.875% at Fidelity. Lots of shares available to loan.
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Post by kc on Apr 23, 2018 11:39:18 GMT -5
lowest rate on the fidelity HTB that I can remember for years. 35% What does the market know that we don't know.
Last week we had massive big blocks on Thursday & Friday. Today only a couple of blocks overs 10,000 shares?
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Post by boca1girl on Apr 23, 2018 12:06:25 GMT -5
I talked to Fidelity today and asked about demand for shares. I’ve had less than 50% of my shares loaned out for a couple of weeks and interest paid is still sitting at 14%. They told me that they are seeing demand coming back in today so they expect to loan out the rest of my available shares by the close.
I don’t know what to make of the big block trades. Since the stock price is only $1.7x, I don’t give too much significance to 10k block trades, but 50k blocks and above are exciting.
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Post by boca1girl on Apr 23, 2018 12:54:28 GMT -5
As of 2:00pm edt, Fidelity rate paid down to 13.375% but more of my shares were lent out.
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Post by sportsrancho on Apr 23, 2018 13:24:48 GMT -5
As of 2:00pm edt, Fidelity rate paid down to 13.375% but more of my shares were lent out. Thank you for asking and finding out all this information!
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Post by dreamboatcruise on Apr 23, 2018 15:08:50 GMT -5
Just now Schwab returned all the rest of my shares.
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Post by sportsrancho on Apr 23, 2018 15:45:19 GMT -5
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Post by Deleted on Apr 24, 2018 8:51:27 GMT -5
Loan rate decreased to 10% at Schwab.
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Post by silentknight on Apr 24, 2018 9:01:46 GMT -5
I hold all of my shares, of every company in a cash account to purposefully make them unavailable for shorting. I will say, however, that I applaud long time shareholders for loaning out your shares for shorting. It seems to be the only way to make money on the stock given the amount of dilution and lack of sales.
I've pared down my holdings a great deal over the past year and put my money to work elsewhere. Even at selling for a loss, I'm in better shape than watching it slowly die on the vine as the share price whittles away with MNKD. GLTA on your trades.
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Post by boca1girl on Apr 24, 2018 9:25:25 GMT -5
I hold all of my shares, of every company in a cash account to purposefully make them unavailable for shorting. I will say, however, that I applaud long time shareholders for loaning out your shares for shorting. It seems to be the only way to make money on the stock given the amount of dilution and lack of sales. I've pared down my holdings a great deal over the past year and put my money to work elsewhere. Even at selling for a loss, I'm in better shape than watching it slowly die on the vine as the share price whittles away with MNKD. GLTA on your trades. I’ve used the loan program to financially justify holding on. My friends think i’ve lost my mind buying more shares monthly with the interest earned. Either I will be a big winner or a big looser. But now the interest paid is down near 13%, my shares are not all loaned out and the stock price isn’t moving up. Hoping for some good news to get the stock price out of the basement.
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Post by boca1girl on Apr 24, 2018 13:34:11 GMT -5
Fidelity paying only 12.25% this afternoon but more of my shares were lent out.
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Post by celo on Apr 24, 2018 17:02:29 GMT -5
Hmm, I wonder why there hasn't been much want or need for MNKD to short? FDA!
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Post by ashiwi on Apr 24, 2018 19:45:54 GMT -5
Because shorts knew this news was coming Another FDA leak. The informed shirts covered this week.
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