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Post by LosingMyBullishness on Oct 6, 2017 8:38:15 GMT -5
Holy crap! Loan rate at IB is 242 % !!
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Post by humann on Oct 6, 2017 8:39:41 GMT -5
Holy crap! Loan rate at IB is 242 % !!  |
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Post by nemzter on Oct 6, 2017 8:44:36 GMT -5
Holy crap! Loan rate at IB is 242 % !! Fidelity still paying borrower's 51.625%, I don't have active trader to see what their loan rate is though... |
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Post by epc1355 on Oct 6, 2017 8:48:55 GMT -5
I emailed fidelity asking how to loan my MNKD shares. They replied that they would contact me if I had any stock in something hard to borrow. Ummm, I have 300k shares of MNKD, is that not in demand?? What am I missing?! Oh well. Decided not to loan anyways after Nate Pile recommended against it yesterday.
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Deleted
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Loan Rate
Oct 6, 2017 9:17:11 GMT -5
via mobile
Post by Deleted on Oct 6, 2017 9:17:11 GMT -5
Holy crap! Loan rate at IB is 242 % !! I believe you are confusing borrow with loan rate. |
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Post by tomson1355 on Oct 6, 2017 9:19:28 GMT -5
300,000 shares? Nice!
300,000 shares @$5.00 x 50% is $750,000. $60,000 a month.
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Loan Rate
Oct 6, 2017 9:54:37 GMT -5
via mobile
Post by sellhighdrinklow on Oct 6, 2017 9:54:37 GMT -5
Holy crap! Loan rate at IB is 242 % !! The only logical explanation is Big Pharma's shorting for the possibility of a better price on buyout of mnkd. Otoh, how could they all be working together? Only one would be able to aquire mnkd/afrezza. |
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Post by nemzter on Oct 6, 2017 10:11:21 GMT -5
Fidelity lending rate is ... 53.25%, not sure what the borrow rate is, but I'm guessing it's climbing
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perl
Newbie
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Post by perl on Oct 6, 2017 10:18:26 GMT -5
I am wondering for how long and for how high will the rate go considering current pps? There could be 2 outcomes: 1: we get rate 75-100% until end of the year and buy out at $50 per share or 2: pps climbs to $25 and they do split back to original number of shares
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Post by boca1girl on Oct 6, 2017 10:26:27 GMT -5
300,000 shares? Nice! 300,000 shares @$5.00 x 50% is $750,000. $60,000 a month. The % rate has fluctuated during the year and so has the stock price. The interest is calculated daily based on the interest rate and price (I believe at the close). Most of the year the price had been going down so your calculation would not represent 2017. If this is a projection for the next 12 months, I would guess that interest in shorting (demand and % paid) will be going down as stock price rises. |
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Post by LosingMyBullishness on Oct 6, 2017 10:30:24 GMT -5
300,000 shares? Nice! 300,000 shares @$5.00 x 50% is $750,000. $60,000 a month. The % rate has fluctuated during the year and so has the stock price. The interest is calculated daily based on the interest rate and price (I believe at the close). Most of the year the price had been going down so your calculation would not represent 2017. If this is a projection for the next 12 months, I would guess that interest in shorting (demand and % paid) will be going down as stock price rises. The interest rate seems to be calculated -at least at IB- two times a day. Right now it down from 2xx % to 181%. On average you get as the owner of the stock 50% of that loan rate. |
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Post by compound26 on Oct 6, 2017 10:31:43 GMT -5
I am wondering for how long and for how high will the rate go considering current pps? There could be 2 outcomes: 1: we get rate 75-100% until end of the year and buy out at $50 per share or 2: pps climbs to $25 and they do split back to original number of shares Why do you want to split back once you climb to $25? Really sees no reason for that. Stocks trading above $100 is quite common nowadays. |
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Post by boca1girl on Oct 6, 2017 10:34:49 GMT -5
The % rate has fluctuated during the year and so has the stock price. The interest is calculated daily based on the interest rate and price (I believe at the close). Most of the year the price had been going down so your calculation would not represent 2017. If this is a projection for the next 12 months, I would guess that interest in shorting (demand and % paid) will be going down as stock price rises. The interest rate seems to be calculated -at least at IB- two times a day. Right now it down from 2xx % to 181%. On average you get as the owner of the stock 50% of that loan rate. Fidelity isn’t as generous to the owner of the shares. The rate paid to the owner of the shares seems to change at any time during the day depending on demand to short. |
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Post by tomson1355 on Oct 6, 2017 10:42:45 GMT -5
300,000 shares? Nice! 300,000 shares @$5.00 x 50% is $750,000. $60,000 a month. The % rate has fluctuated during the year and so has the stock price. The interest is calculated daily based on the interest rate and price (I believe at the close). Most of the year the price had been going down so your calculation would not represent 2017. If this is a projection for the next 12 months, I would guess that interest in shorting (demand and % paid) will be going down as stock price rises. Boca1girl, you're correct, of course. I intended just to show the rate at which interest would be paid on 300k shares and extrapolate it to a month or a year. Things will change. But the day that someone loans 300k shares at a closing price of $5 and a rate at 50% they'll earn something north of $2000 for the day, or a rate of $60,000 a month. I'd have thought the shorts would be heading for the exits now, but the Schwab lending rate rose from 50% to 60% in the midst of all this, so who knows? Thanks for pointing out my lack of clarity.  |
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perl
Newbie
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Post by perl on Oct 6, 2017 10:48:44 GMT -5
because I had over 50,000 shares before rs and now I have 50k/5. I hope Al Mann Group and Al's family thinks the same way.
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