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Post by sellhighdrinklow on Jan 21, 2020 13:27:58 GMT -5
Which in my opinion relates to Big Pharma insulin competitors shorting at any expense to keep mnkd less likely to succeed
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Post by awesomo on Jan 21, 2020 13:35:07 GMT -5
Which in my opinion relates to Big Pharma insulin competitors shorting at any expense to keep mnkd less likely to succeed No, it was because it was a completely fabricated raise at $6 that people in the know shorted at any cost. |
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Post by castlerockchris on Jan 21, 2020 16:08:45 GMT -5
I would happily take half that rate right now.
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Post by letitride on Jan 21, 2020 21:38:23 GMT -5
Looks like shorts are still feeding the machine will be interesting to see if they go all in like the good ole days.
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Post by longliner on Jan 21, 2020 21:58:13 GMT -5
Looks like shorts are still feeding the machine will be interesting to see if they go all in like the good ole days. Lord love a duck, I hope they do!! |
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Post by mytakeonit on Jan 21, 2020 23:56:07 GMT -5
That quacks me up.
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Post by boca1girl on Jan 22, 2020 8:44:10 GMT -5
A few more of my shares lent out this morning but rate paid dropped to 1.3875%
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Post by rockstarrick on Jan 22, 2020 10:28:20 GMT -5
Which in my opinion relates to Big Pharma insulin competitors shorting at any expense to keep mnkd less likely to succeed No, it was because it was a completely fabricated raise at $6 that people in the know shorted at any cost. Pre-paid lending and extremely high interest was being paid long before the $6 p&d, I would like to know what happened that made the interest rate go down. For years those that qualified for the pre-paid lending program were making substantial monthly dividends, then just like that, it was over. We still have high short interest, they’re still borrowing shares, just not paying what they were. whatever it is/was, it’s certainly more than just supply and demand. What changed?? |
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Post by casualinvestor on Jan 22, 2020 10:44:12 GMT -5
Relatively high interest continued for about 6 months after $6 (back then I had a smaller amount of shares, but demand was so high during the $6 week that they called me an got me enrolled). During that time if I bought shares I could count on them being lent out within a week or two of purchase. Somewhere around May 2018 the interest rate dropped off pretty hard, and in Jan 2019 they returned all my shares
I believe that was caused by the combination of:
* The Mann foundation sold most of it's shares, creating other sources of shares available to short
* Dilution in general causing the same
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Post by rockstarrick on Jan 22, 2020 10:55:37 GMT -5
Relatively high interest continued for about 6 months after $6 (back then I had a smaller amount of shares, but demand was so high during the $6 week that they called me an got me enrolled). During that time if I bought shares I could count on them being lent out within a week or two of purchase. Somewhere around May 2018 the interest rate dropped off pretty hard, and in Jan 2019 they returned all my shares I believe that was caused by the combination of: * The Mann foundation sold most of it's shares, creating other sources of shares available to short * Dilution in general causing the same Here’s my point, pre reverse split there were 5 times more outstanding shares, right. Some of the highest interest rates were paid before the split. After the split, there are 1/5 the shares, (obviously less supply), but the interest rate was dropping, and kept dropping. I feel the split played a part, but the result was bassackwards, 1/5th the OS shares and still high SI, (it never has dropped much), you’d think the interest would go up. Split adjusted there are over 200 million shares short for this Company, I remember when 50 million was considered high. Unbelievable ✌🏻😎 |
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Post by awesomo on Jan 22, 2020 11:02:55 GMT -5
Relatively high interest continued for about 6 months after $6 (back then I had a smaller amount of shares, but demand was so high during the $6 week that they called me an got me enrolled). During that time if I bought shares I could count on them being lent out within a week or two of purchase. Somewhere around May 2018 the interest rate dropped off pretty hard, and in Jan 2019 they returned all my shares I believe that was caused by the combination of: * The Mann foundation sold most of it's shares, creating other sources of shares available to short * Dilution in general causing the same Here’s my point, pre reverse split there were 5 times more outstanding shares, right. Some of the highest interest rates were paid before the split. After the split, there are 1/5 the shares, (obviously less supply), but the interest rate was dropping, and kept dropping. I feel the split played a part, but the result was bassackwards, 1/5th the OS shares and still high SI, (it never has dropped much), you’d think the interest would go up. Split adjusted there are over 200 million shares short for this Company, I remember when 50 million was considered high. Unbelievable ✌🏻😎 The common theme here is that interest rates spiked prior to negative events (reverse split, pump & dump raise) because people knew they were coming and were a guaranteed profit to short so they would pay whatever interest rate they could to short. Supply and demand. |
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Post by mango on Jan 22, 2020 12:03:04 GMT -5
For once it would be nice if everyone called their shares back and stopped helping the Shorts. Loaning shares to short doesn’t do the stock price nor Longs any favors. Now is the time to stop helping the enemy!
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Post by matt on Jan 22, 2020 12:13:23 GMT -5
Here’s my point, pre reverse split there were 5 times more outstanding shares, right. Some of the highest interest rates were paid before the split. After the split, there are 1/5 the shares, (obviously less supply), but the interest rate was dropping, and kept dropping. I feel the split played a part, but the result was bassackwards, 1/5th the OS shares and still high SI, (it never has dropped much), you’d think the interest would go up. Split adjusted there are over 200 million shares short for this Company, I remember when 50 million was considered high. Unbelievable ✌🏻😎 The common theme here is that interest rates spiked prior to negative events (reverse split, pump & dump raise) because people knew they were coming and were a guaranteed profit to short so they would pay whatever interest rate they could to short. Supply and demand. I think that explains it pretty well. Reverse splits tend to depress the stock price by more than the split ratio implies (likely due to information effects) just as forward splits tend to increase share prices. Whenever there is a run-up in share price without fundamental changes in the business, the temptation is there for the short players to jump in. Right now the price is not so high as it was a few years ago (and certainly not when it got pushed up to $6) so there are plenty of better targets to short in this market. Just because short interest in MNKD is not going up does not mean that the shorts have gone away; they have found somebody else to pick on for now. |
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Post by awesomo on Jan 22, 2020 12:14:05 GMT -5
For once it would be nice if everyone called their shares back and stopped helping the Shorts. Loaning shares to short doesn’t do the stock price nor Longs any favors. Now is the time to stop helping the enemy! Like boca has been keeping track of, brokerages aren’t even offering to pay interest to loan shares for the most part for quite awhile. I’m not loaning shares for less interest than my bank account either, 75% is a different story though lol. |
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Post by jred on Jan 22, 2020 12:38:45 GMT -5
From what I've seen in other situations Wall Street Stock Loan Depts can usually keep the short interest rebate rate at reasonable levels with a short interest percent of equity float up to 20% - the level we've been hovering around for the last year or so. (Equity float is essentially the number of shares available to borrow by the market) Short interest percent of equity float went from a high of 45% in 2015 and trended down to 30-35% in early of 2018. By mid 2018 it was down to 20%. It spiked higher for short periods after, but came back down to 20% relatively quickly - generally post dilution events. Why the change? - casualinvestor pointed out what I thought were the 2 keys: Mann foundation selling their holding and the dilution events. Both created more available shares to borrow.
The fact that larger and more stable funds (BlackRock, Vanguard, State Street ...) have been increasing their collective holdings also makes it easier to borrow.
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