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Post by boca1girl on Apr 22, 2019 8:11:10 GMT -5
Rate paid by Fidelity dropped to 1.75% this morning. 100% of my shares are currently lent out.
I did purchase a few more shares on Thursday at $1.51 but that trade hasn’t settled yet. I’ll report back if those new shares get loaned out.
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Post by anderson on Apr 25, 2019 8:32:06 GMT -5
Fidelity still at 1.75% and all my shares got loaned out last night.
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Post by boca1girl on Apr 25, 2019 9:00:39 GMT -5
Rate paid by Fidelity dropped to 1.75% this morning. 100% of my shares are currently lent out. I did purchase a few more shares on Thursday at $1.51 but that trade hasn’t settled yet. I’ll report back if those new shares get loaned out. The newest shares I purchased got loaned out this morning. Rate still at 1.75%.
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Post by boca1girl on May 7, 2019 5:54:15 GMT -5
Rate paid by Fidelity dropped to 1.625% Monday, May 6.
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Post by boca1girl on May 22, 2019 6:50:10 GMT -5
Rate paid by Fidelity dropped to 1.5% on Tuesday, May 21. None of my shares have been returned.
Update: I just checked again this morning and the rate just ticked back up to 1.625%. Strange but the rates can change at any time. Pre-market, the stock is trading up $0.05 at $1.35.
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Post by cretin11 on May 22, 2019 15:35:09 GMT -5
The loan rate has been such an interesting saga now for years. I'm surprised there is still any interest paid, it's so low now my guess is all shares will be returned from loan in the near future. I miss the days when rates were sky high and we all blissfully thought it was strong evidence that the shorts were trapped. The logic seemed sound but obviously it wasn't true. To plagiarize Segar, "I wish I didn't know now what I didn't know then."
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Post by Deleted on May 22, 2019 16:00:37 GMT -5
The loan rate has been such an interesting saga now for years. I'm surprised there is still any interest paid, it's so low now my guess is all shares will be returned from loan in the near future. I miss the days when rates were sky high and we all blissfully thought it was strong evidence that the shorts were trapped. The logic seemed sound but obviously it wasn't true. To plagiarize Segar, "I wish I didn't know now what I didn't know then." With my years of stock investing experience the shorts will not be trapped. The market makers and hedge funds will protect each other. There will be no short squeeze or MOASS.
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Loan Rate
May 22, 2019 19:59:54 GMT -5
via mobile
Post by mike0475 on May 22, 2019 19:59:54 GMT -5
The loan rate has been such an interesting saga now for years. I'm surprised there is still any interest paid, it's so low now my guess is all shares will be returned from loan in the near future. I miss the days when rates were sky high and we all blissfully thought it was strong evidence that the shorts were trapped. The logic seemed sound but obviously it wasn't true. To plagiarize Segar, "I wish I didn't know now what I didn't know then." Thought that was a quote by Toby Keith Let’s hope we’re here in 2021-2022+
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Post by bones1026 on May 22, 2019 20:02:27 GMT -5
The loan rate has been such an interesting saga now for years. I'm surprised there is still any interest paid, it's so low now my guess is all shares will be returned from loan in the near future. I miss the days when rates were sky high and we all blissfully thought it was strong evidence that the shorts were trapped. The logic seemed sound but obviously it wasn't true. To plagiarize Segar, "I wish I didn't know now what I didn't know then." With my years of stock investing experience the shorts will not be trapped. The market makers and hedge funds will protect each other. There will be no short squeeze or MOASS. Short squeeze has been the talk since 2014... have them leave in an orderly manner at this point, I don’t care about squeeze anymore...I just want them the hell out here, and let us get back to a level (not completely manipulated) playing field.
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Post by letitride on May 22, 2019 20:15:36 GMT -5
A MOASS is just a matter of a completely unexpected extreme catalyst. The one thing that is absolutely required for it is a large short interest.
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Post by prcgorman2 on May 22, 2019 20:39:55 GMT -5
As long as we’re still around 20% short interest then MOASS is still a possibility (but I assume the chances are somewhere between remote to nonexistent).
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Post by Deleted on May 23, 2019 7:33:27 GMT -5
With my years of stock investing experience the shorts will not be trapped. The market makers and hedge funds will protect each other. There will be no short squeeze or MOASS. Short squeeze has been the talk since 2014... have them leave in an orderly manner at this point, I don’t care about squeeze anymore...I just want them the hell out here, and let us get back to a level (not completely manipulated) playing field. So the SHORTS have been in MNKD since 2014? That's probably when Deerfield came into the picture. The SHORTS knew about the very restrictive financing covenants and made a ton of money. Those covenants will come to an end on July 1st when the last debt payment is due. Let's see if the shorts unwind their position.
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Post by nemzter on May 23, 2019 11:42:39 GMT -5
As long as we’re still around 20% short interest then MOASS is still a possibility (but I assume the chances are somewhere between remote to nonexistent). Wouldn't it be nice, a stock for stock deal with UTHR for $2B so they can take advantage of the NOLS.
Heck, I'd be happy with $1B lol
A little fire in the shorts pants would be awesome.
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Post by matt on May 23, 2019 12:28:47 GMT -5
Wouldn't it be nice, a stock for stock deal with UTHR for $2B so they can take advantage of the NOLS.
Heck, I'd be happy with $1B lol
It might be nice, but he change of ownership to UTHR would essentially wipe out the economic value of the NOLs, Section 380 of the tax code was specifically inserted to eliminate buying and selling of NOL carryforwards. The only exception to Section 380 is when the NOLs are transferred in a Type G reorganization, and Type G reorgs are what happen following declaration of bankruptcy and I don't think you want to go there. Buying companies with large tax loss carryforwards used to be a brisk business which is why the law was changed, but that happened during the Reagan administration so it was a few decades ago. I am not sure why the myth of value in NOLs persists, but it does. But for the bankruptcy exception, they closed the door tightly on the NOL strategy.
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Post by boca1girl on May 23, 2019 12:57:28 GMT -5
Rate paid by Fidelity dropped to 1.5% on Tuesday, May 21. None of my shares have been returned. Update: I just checked again this morning and the rate just ticked back up to 1.625%. Strange but the rates can change at any time. Pre-market, the stock is trading up $0.05 at $1.35. Back to 1.50% today.
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