I got a phone call from my broker it said some people would like to borrow my shares for shorting and they will pay a fee of 40% annual rate...
It seems attactive, but should I take it?
Also there has been a lot of news lately about SEC on fire with shorty and watching KNDI very closely based on a lot of complaints of stock abuse.
SO why take a chance at this time??even if they offer you 100% annual rate.
The naked shorts are getting a wedgie because that had no shares of KNDI to cover their short positions. I have been a long in this stock for some time and in my opinion I would not give up my position no matter what they offered. The naked short activities are illegal and because KNDI is moving opposite to their trading style, they want you and others to bail them out. I expect a lot more news coming from KNDI especially on EV demand, sales, new ventures, etc. If you give up your positions at this point, you may have to pay a premium later for KNDI stock. Why do it? Moreover, the day traders and shorts that have been bouncing this stock and lying about its genuinely deserve to get burned!
Sentiment: Strong Buy
What if the shares do not go down?
Also 40% of the value of the stock no matter what? I mean, the stock is about to hit the tens sometime in the next month - do you really want to short the stock right now? This is a TSLA pattern forming with more infrastructure - you are on the ground floor of it. . . It could continue to fly off the handle here - I wouldn't do it.
I am not the one that will short KNDI, but some other people want to borrow my shares for shorting. They said they will pay me about $500 very trading day. I can still sell my shares any time I want. Thinking that if I want to hold my shares for a period time why not collecting $500 every day....