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Post by boca1girl on Mar 20, 2020 7:37:28 GMT -5
I was surprised to see that 50% of my shares went out on loan yesterday. Fidelity is paying 1%.
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Post by ktim on Mar 20, 2020 10:16:02 GMT -5
I was surprised to see that 50% of my shares went out on loan yesterday. Fidelity is paying 1%. Yet someone else just posted that the daily short volume has gone down. Though it seems daily short volume is not at all a good indicator of actual net shorting. Though I could see in this market people being forced to sell could inadvertently unwind some loaned shares and thus create a demand for borrowing that might not be indicative of new shorting. I've seen a lot of weird market behavior in the past week that indicates things aren't working like they normally do. Or it could be good ole shorting to try to drive it back under $1. |
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Post by boca1girl on Mar 21, 2020 10:11:34 GMT -5
10% of my shares were returned already. A one day round trip.
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Post by agedhippie on Mar 21, 2020 12:41:22 GMT -5
My Schwab rate went from 48% to 50% today. Go figure! There are funds out there shorting all the microcaps that are financially weak. The expectation is that the majority will be sufficiently damaged as to make the short position pay off. It's not directed at MNKD specifically, but rather a few hundred companies of which MNKD is one. To be clear this is not about expecting these companies to go bankrupt (although they would view that as a bonus), but rather that the companies will need finance and the terms will hamstring their growth and hence their price. In a down turn the weakest companies always struggle and that's what the shorts are betting on. |
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Post by joeypotsandpans on Mar 21, 2020 14:27:01 GMT -5
My Schwab rate went from 48% to 50% today. Go figure! There are funds out there shorting all the microcaps that are financially weak. The expectation is that the majority will be sufficiently damaged as to make the short position pay off. It's not directed at MNKD specifically, but rather a few hundred companies of which MNKD is one. To be clear this is not about expecting these companies to go bankrupt (although they would view that as a bonus), but rather that the companies will need finance and the terms will hamstring their growth and hence their price. In a down turn the weakest companies always struggle and that's what the shorts are betting on. Equal to the task are those who are financially strong soaking up the cheap shares of good companies while others are fearful or having to liquidate...buying shares with selling volatility premiums through the roof can make for some very nice compounded returns (not specific to mnkd). Both call and put spreads are unbelievable right now. Going long and selling way out of the money calls with very high premiums this past week was a gift, I suspect that will change with volatility coming in somewhat. |
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Post by boca1girl on Apr 2, 2020 8:06:07 GMT -5
Interest rate paid dropped to 0.875% this morning.
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Post by boca1girl on Apr 14, 2020 7:49:59 GMT -5
Loan rate still at 0.875% but 1/3 of my shares were returned yesterday.
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Post by boca1girl on Apr 27, 2020 12:01:46 GMT -5
80% of my shares out on loan were returned this morning. Rate paid is still at 0.875%.
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Post by boca1girl on Apr 29, 2020 8:08:02 GMT -5
Rate paid down to 0.75% this morning.
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Post by boca1girl on May 6, 2020 7:55:47 GMT -5
Rate paid down to 0.75% this morning. No change in rate paid, still at 0.75%. I only have a small amount of shares out on loan. |
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Post by boca1girl on Jun 2, 2020 6:37:34 GMT -5
Rate paid is still 0.75% at Fidelity, but half of my shares that were out on loan were returned yesterday. Activity on my accounts has been minimal with < 5% of shares out on loan.
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Post by brotherm1 on Jun 2, 2020 21:49:44 GMT -5
I think Awesomo got close to nailing it when he said not even the shorts are interested anymore (just a little levity).
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Post by boca1girl on Jun 3, 2020 6:47:10 GMT -5
Interest paid moved down this morning to 0.625%. It has been at 0.75% for a long time.
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Deleted
Deleted Member
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Post by Deleted on Jun 3, 2020 10:55:25 GMT -5
I think Awesomo got close to nailing it when he said not even the shorts are interested anymore (just a little levity). I think the shorts know the party is about to end and soon they will change strategy and GO LONG. |
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Post by awesomo on Jun 3, 2020 10:58:21 GMT -5
Just as a point of reference, I'm getting 66% right now from Schwab on my AMC shares.
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