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Post by cretin11 on Mar 29, 2019 12:07:49 GMT -5
I’m getting 2.23% in my bank money market account. I would rather get 2.23% than 2.15% It's apples and oranges, one has nothing to do with the other. MM rate isn't likely to change. Boca has seen her loan rate go as high as 50%. Most stocks can't be loaned out anyway, so to get even the current paltry loan rate is more than most of us get for owning stocks.
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Post by mytakeonit on Mar 29, 2019 13:02:43 GMT -5
So Boca had several years of 50+% loan rates ... so she must be on the plus as far as her share costs go. Way to GO GIRL !!!
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Post by ktim on Mar 29, 2019 13:04:37 GMT -5
I’m getting 2.23% in my bank money market account. I would rather get 2.23% than 2.15% So your assessment is that the potential for share price appreciation with MNKD stock isn't worth losing 0.08% interest? That's a bleak outlook. I'm holding shares without getting any interest.
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Post by brotherm1 on Mar 29, 2019 13:09:43 GMT -5
I did not imply that. I wasn’t thinking clearly without any coffee this morning. Too late to delete my post
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Post by cretin11 on Mar 29, 2019 16:33:54 GMT -5
So Boca had several years of 50+% loan rates ... so she must be on the plus as far as her share costs go. Way to GO GIRL !!! No she didn’t. 50% was the peak, it only lasted for a few days. It was in the 20s and above for many months however, if I recall correctly. However, the reality isn’t as pretty as you may think, Mytakeonit. The losses in share value over that relevant time period unfortunately outweighed the amount of interest paid. It wasn’t really close, which basically means the shorts bet correctly (at least during that time period). But boca was able to offset those losses with some interest payment from lending shares. Boca, please correct me if I’m wrong. I don’t mean to make assumptions on your results, I’m generalizing as to what happened to all shareholders over that unfortunate time period.
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Post by mytakeonit on Mar 29, 2019 17:24:45 GMT -5
Sorry Boca ... cretin is trying to burst your bubble. We've all been here a long time and know the whole story about MNKD. Glad that someone got some $$$ back by loaning shares. Others averaged down. Still others will just get shares willed to them. No matter what the case ... we'll ALL be on the plus by year end. All longs anyway. BTW, I just bought 1 share of MNKD for $500M. MNKD doesn't have any financial problems anymore. But, that's mytakeonit Thanks cretin for capitalizing the "M"
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Post by prcgorman2 on Mar 29, 2019 19:59:00 GMT -5
So Boca had several years of 50+% loan rates ... so she must be on the plus as far as her share costs go. Way to GO GIRL !!! No she didn’t. 50% was the peak, it only lasted for a few days. It was in the 20s and above for many months however, if I recall correctly. However, the reality isn’t as pretty as you may think, Mytakeonit. The losses in share value over that relevant time period unfortunately outweighed the amount of interest paid. It wasn’t really close, which basically means the shorts bet correctly (at least during that time period). But boca was able to offset those losses with some interest payment from lending shares. Boca, please correct me if I’m wrong. I don’t mean to make assumptions on your results, I’m generalizing as to what happened to all shareholders over that unfortunate time period. I’m not trying to correct you but interest is paid in cash. Loss or gain in share value doesn’t affect your bank account unless you sell. Depending upon the interest rate and amount of shares loaned, that “unfortunate time period” could have been very fortunate indeed.
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Post by mytakeonit on Mar 29, 2019 20:44:17 GMT -5
Oh that's interesting ... and it makes sense. I've never loaned shares so never thought about it.
Will be interesting when I loan out that 1 $500M share ... as a collector's item for the coffee table discussion.
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Post by boca1girl on Mar 29, 2019 21:38:02 GMT -5
I am still deep in the hole in losses in MNKD even though I have been loaning my shares. As the stock price had been falling, so had the interest paid. I had one good year of interest, but it did not offset the drop in stock value.
I had real, realized losses when leaps expired worthless in 2018, and I sold shares with cost basis above $35 after the RS. I’m still carrying those losses forward.
I’m not blaming anyone but myself for my loses. I thought this technologically supieior insulin would catch on a lot sooner but we are still struggling with doctor acceptance and insurance coverage. This stock has been a hard knocks investment education for me but I still have faith that all of us will see profits some day, even if your cost basis is pretty high.
I have been continually buying shares (averaging down) over the years with the interest I have earned by loaning my shares and then some. I’ve broken every investment “rule” in the book by investing so much in one stock, but sometimes you have to “go big or go home”.
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Post by mytakeonit on Mar 30, 2019 1:25:22 GMT -5
boca - I don't do any of that exotic stuff ... buy and hold unless I see bankruptcy in the horizon. I don't see that with MNKD ... so I am all in ONE stock. Yeah sure, I broke all the rules. But, I've had a whole life of not following rules ... or, creating my own rules for the game. It has worked for me.
I think that when you are scrambling ... then the confusion is overwhelming. I've become the more mellow, laid back, wine drinking investor.
But, that's mytakeonit
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Post by boca1girl on Mar 30, 2019 8:22:14 GMT -5
Friday afternoon, the remaining shares I had available were loaned out at 2.175%.
Mytakeonit: MNKD isn’t my only stock but it is my second biggest holding. I am a long term holder (20 years on my biggest holding) and only hold 5 stocks. I just sold out of NVAX because it is too similar to MNKD and I try to learn form past mistakes. I’ve been in MNKD pre-FDA approval and expect to hold for at least another 5 years. If MNKD goes to zero, my loss carry forward will outlive me but it really won’t change my life in retirement.
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Post by hellodolly on Mar 30, 2019 9:55:14 GMT -5
Friday afternoon, the remaining shares I had available were loaned out at 2.175%. Mytakeonit: MNKD isn’t my only stock but it is my second biggest holding. I am a long term holder (20 years on my biggest holding) and only hold 5 stocks. I just sold out of NVAX because it is too similar to MNKD and I try to learn form past mistakes. I’ve been in MNKD pre-FDA approval and expect to hold for at least another 5 years. If MNKD goes to zero, my loss carry forward will outlive me but it really won’t change my life in retirement.Says the girl from Boca and Dolly from Delray. I'm in the mind set that I don't have enough shares yet, especially after reading Nate's inter-issue commentary this morning so I will be adding every time my 401 (FRS) permits me to do so (every $1K of free cash). Between my three accounts that have shares, Merill-Edge 960 ($16 average- accounts for R/S), WellsFargo 2,400 ($4.43 average) and FRS 7,650 ($1.59 average) with an overall average of $3.4748 on 11110 shares. I'll just keep adding more in the FRS and take the losses in the Merrill account when I ever need to because it in the end, MNKD isn't my only investment and it's not my biggest holding either. But, like I said I'm not done adding. Beautiful day for a boat ride on the Intra-Coastal and dockside lunch at Key Lime House. Best regards Boca.
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Post by mytakeonit on Mar 30, 2019 14:54:06 GMT -5
boca and dolly - hello ... it's me. I went into the future last night while sleeping ... and $1K will get you one share of MNKD But, you will need a little more cash to cover commissions. I also love Key Lime pie ! And boca ... I've been retired for 25 years now.
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Post by cretin11 on Mar 30, 2019 18:15:09 GMT -5
No she didn’t. 50% was the peak, it only lasted for a few days. It was in the 20s and above for many months however, if I recall correctly. However, the reality isn’t as pretty as you may think, Mytakeonit. The losses in share value over that relevant time period unfortunately outweighed the amount of interest paid. It wasn’t really close, which basically means the shorts bet correctly (at least during that time period). But boca was able to offset those losses with some interest payment from lending shares. Boca, please correct me if I’m wrong. I don’t mean to make assumptions on your results, I’m generalizing as to what happened to all shareholders over that unfortunate time period. I’m not trying to correct you but interest is paid in cash. Loss or gain in share value doesn’t affect your bank account unless you sell. Depending upon the interest rate and amount of shares loaned, that “unfortunate time period” could have been very fortunate indeed. prcgorman, I’m always happy to be corrected if wrong. However, trust me on this, there was no way a MNKD share holder came out ahead during that time of the crazy high lending rates. It’s mathematically impossible. You are correct that lending interest is paid in cash. My point (that boca confirmed) was that any cash payments were far outweighed by the losses in share value during that same time. (I know this well because I was there.) Mytakeonit, I felt it was ok to capitalize your name since it was the first word in the sentence. I’m not sure of the proper grammar there, since you normally don’t capitalize it anyway. But rest assured I was not “trying to burst” boca’s bubble. Simply stating mathematical facts. Boca and I have had similar journeys with this stock. And that’s just my take on it. 😉
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Post by porkini on Mar 30, 2019 19:19:20 GMT -5
I’m not trying to correct you but interest is paid in cash. Loss or gain in share value doesn’t affect your bank account unless you sell. Depending upon the interest rate and amount of shares loaned, that “unfortunate time period” could have been very fortunate indeed. prcgorman, I’m always happy to be corrected if wrong. However, trust me on this, there was no way a MNKD share holder came out ahead during that time of the crazy high lending rates. It’s mathematically impossible. You are correct that lending interest is paid in cash. My point (that boca confirmed) was that any cash payments were far outweighed by the losses in share value during that same time. (I know this well because I was there.) Mytakeonit, I felt it was ok to capitalize your name since it was the first word in the sentence. I’m not sure of the proper grammar there, since you normally don’t capitalize it anyway. But rest assured I was not “trying to burst” boca’s bubble. Simply stating mathematical facts. Boca and I have had similar journeys with this stock. And that’s just my take on it. 😉 I was just thankful you didn't address him as Mr. Mytakeonit!
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