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Post by bigchungus91354 on Jan 16, 2019 12:59:02 GMT -5
...or that since there are now 20% more shares in circulation (+warrants), the same number of short positions holds less demand for borrow, percentage wise.
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Post by cretin11 on Jan 16, 2019 13:06:07 GMT -5
...or that since there are now 20% more shares in circulation (+warrants), the same number of short positions holds less demand for borrow, percentage wise. Yes, i think this is probably it. There does not appear to be any evidence of the long awaited (and mythical?) short squeeze.
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Post by mannmade on Jan 16, 2019 13:20:27 GMT -5
My guess is that we will not see the unicorn of an epic short squeeze, unless an extraordinary event happens that comes totally unexpected such as a 30% buy-in by Lilly for example.
What I do think will happen over the course of the next 12 to 24 months is a few one off events such as Brazil, another molecule, etc that will bring some hope and possible one time funds associated with the event that will cause a few shorts to cover. I also expect that Afrezza will continue to slowly grow scripts and revenue and with the climb also see some shorts cover along the way.
However until there is a real trend of growth in revenue that proves consistent and sustainable the shorts will remain. The trend is our friend but imho also the shorts friend as it will give them plenty of notice and time to cover in an orderly fashion. Which I am ok with so long as they are gone for good!
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Post by traderdennis on Jan 16, 2019 15:24:06 GMT -5
Can we draw any conclusions from what Boca just told us? Such as, shorts don't seem to be adding to their short positions. How about the shorts have not added 26.7 million new short shares since the last dilution yet.
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Post by boca1girl on Jan 17, 2019 13:30:56 GMT -5
Fidelity still paying 3.875% but I was surprised that my recently purchased shares were placed late yesterday.
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Post by boca1girl on Jan 18, 2019 11:31:53 GMT -5
Fidelity still paying 3.875% but I was surprised that my recently purchased shares were placed late yesterday. Dropped to 3.75% and some shares returned late Thursday, 1/17.
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Post by traderdennis on Jan 18, 2019 12:25:51 GMT -5
Fidelity still paying 3.875% but I was surprised that my recently purchased shares were placed late yesterday. Dropped to 3.75% and some shares returned late Thursday, 1/17. A covered call might yield better now. I see a trader buying a number of $10.00 Jan 2020 calls at 10 cents each. That would equate to a 7% yield almost double the lending rate.
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Post by boca1girl on Jan 18, 2019 13:01:10 GMT -5
Dropped to 3.75% and some shares returned late Thursday, 1/17. A covered call might yield better now. I see a trader buying a number of $10.00 Jan 2020 calls at 10 cents each. That would equate to a 7% yield almost double the lending rate. Those calls don’t have a high probability of paying off either.
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Post by cretin11 on Jan 18, 2019 16:57:11 GMT -5
Dropped to 3.75% and some shares returned late Thursday, 1/17. A covered call might yield better now. I see a trader buying a number of $10.00 Jan 2020 calls at 10 cents each. That would equate to a 7% yield almost double the lending rate. Do you mean selling those covered calls rather than buying?
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Post by traderdennis on Jan 18, 2019 18:09:55 GMT -5
A covered call might yield better now. I see a trader buying a number of $10.00 Jan 2020 calls at 10 cents each. That would equate to a 7% yield almost double the lending rate. Do you mean selling those covered calls rather than buying? Yes, this thread discusses additional ways to receive cash for holding MNKD stock.
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Loan Rate
Jan 19, 2019 23:04:24 GMT -5
via mobile
Post by cretin11 on Jan 19, 2019 23:04:24 GMT -5
Do you mean selling those covered calls rather than buying? Yes, this thread discusses additional ways to receive cash for holding MNKD stock. Got it. You said “buying” the calls in your post so that threw me off. Selling those calls is an interesting strategy, and at $10 strike price it’s almost certain not to have your shares called away.
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Post by rossomalley on Jan 19, 2019 23:28:04 GMT -5
Yes, this thread discusses additional ways to receive cash for holding MNKD stock. Got it. You said “buying” the calls in your post so that threw me off. Selling those calls is an interesting strategy, and at $10 strike price it’s almost certain not to have your shares called away. [b You might think so but someone with real money seems to think it’s a good bet, they were steadily accumulating $10 2020 calls all last week. Since the $5 and $7 calls weren’t priced much above what they were paying ($0.10), if they were just hedging a short position that would seem a strange choice. And strange if just blindly speculating long, too. Seems more like someone is either speculating on a specific event moving SP dramatically up, or, as they say, somebody knows something!
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Post by sportsrancho on Jan 20, 2019 7:36:47 GMT -5
I saw that also. Won’t take much of a move for those .10 calls to be worth .20.
People have been selling two dollar calls for months, because they hold so many shares they’re making like five grand a month. It works till the day it doesn’t.
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Post by traderdennis on Jan 21, 2019 11:11:37 GMT -5
I saw that also. Won’t take much of a move for those .10 calls to be worth .20. People have been selling two dollar calls for months, because they hold so many shares they’re making like five grand a month. It works till the day it doesn’t. It is a 7 bagger if they did get called away. I would be 99%+ confident they don't get called away and for those that are looking at getting paid for holding their shares, it looks really good.
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Post by cretin11 on Jan 21, 2019 16:18:33 GMT -5
I saw that also. Won’t take much of a move for those .10 calls to be worth .20. People have been selling two dollar calls for months, because they hold so many shares they’re making like five grand a month. It works till the day it doesn’t. For about the last year this was a successful strategy. But now (since the dilution), $2 calls are so anemic that you'd have to go out several months to get anything above a nominal premium.
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