If one were able to identity triggers of short squeeze, he would have an advantage with stocks like MNKD.
A very positive development with MNKD, sending MNKD price high, can be such a trigger, of course.
But with today's market actions/reactions, I was wonder maybe a big sell off in fashionable stocks such AAPL might also be a trigger: Even though MNKD did not go up a lot, but combined with AAPL going down, a portfolio with MNKD short and AAPL long will get margin call or get close to margin call, forcing liquidation of positions.
Remember: When one HAS to close a short position, it is a short squeeze.
Could this happen? Is this happening? Sleep on that.
47 is OK, unfortunately. That number is high NOT because our short interests are high. Our short interests are very low, only amounts to half a million in dollar terms. The "days to cover" is high because our daily volume is very low. Imagine: if our average daily volume 100 shares, then the day to cover will be like 5000! To have a "short squeeze" situation, shorts much get margin calls which means the short positions themselves must be very high relative to his portfolio.
Your timeline is WAY beyond mine, which is good. I was just wondering how can the shorts sleep at night because while 5K to 10K a week is beyond my timeline, 1K per week is right around the corner. If one uses the simplistic logic that 400- pps=4, shorts will be losing their shorts soon.
So you are saying tht when/if we reach, say 1,000 weekly scripts, we shall be $10 share?
Wonder if/when we will reach that. Just wondering.
The way he is using it: it provides a baseline of x units over 24 hours. Before each meal, he punches in another number of units based on how much carb there is in the meal. If his lung is up to it, are you saying that he would not be a candidate for Afrezza?
I know of a diabetes patient using an insulin pump. It used to be a cellphone sized unit he bought from Korea with a tiny tube which got plucked on his stomach. Recently he changed it to another kind from here in US where it is a cookie sized unit which he pluck directly on his thigh and is managed by an cellphone sized remote control. It is very expensive from what I heard.
He also had the unit broken down one month after the switch but the supplier replaced within two days. He has to use the syringe and needle during these days.
Does anybody know, cost wise, comparing to Afrezza, which one is cheaper? Are there comparisons on pros and cons studies out of there? This patient was not a good case for comparison as he also has lung problems.
It would be such a wonderful research subject.
Now, if there are such studies, would it be "market manipulation", if an investor (?) with enough buying power deliberately engineer such a squeeze?
BTW, I ask Fidelity and TDAmeritrade of questions on "borrow from my account", and both answered that my shares are NOT borrow-able unless my account is a margin account AND I actually carry a margin balance. Also, both said that borrowed shares will be returned on the day of the trade should I sell my shares.
TDAmeritrade does not compensate account holders on shares lent out. Fidelity has special accounts that do compensations, but such accounts are by invitation only. Even though I do have more that 250K in total of my accounts, and more than 100K in the margin account, they are not going to extend me an invitation.
Well, the stock itself is quite active.
I looked around and found that there is really no official or scientific definition of what a short squeeze is. Pretty much everywhere I look, the definition is that you will know one when you see one.
Now you have seen one.
Anybody have any advices on how to play a short squeeze? Sitting on so much gains, is taking some chips off the table a good strategy? Or should I still "let the winners run?"
One thing I admire of Warren Buffet is the fact that he never scr ew existing shareholders. In fact, he was never unfair to existing stake holders and quite often goes out of his way to be more than fair.
If Dr. Phillip Frost believes in ATNM's future, what difference is it to him to pay $2.9 or more instead of the unfair and stealing price of $2.6?
So I am sure Dr. Phillip Frost is not behind this deal. His reputation is worth way too much than the $.30 a share difference. Some little guy, somewhat associated with Dr. Phillip Frost, probably a brother in law three times removed, worked out this deal, making a "windfall profits" of less than $600K. This must be a big deal to him. But this guy is no Dr. Phillip Frost. Just imagine Warren Buffet even look at a deal that is going to net him $600K and dent his reputation. Remember Warren Buffet said that a reputation took a life time to build and could be ruined in seconds. And for $600K?
We just got robbed. Instead of calling the cops, lets celebrate. Why? Because the robber is actually a rich guy and we should feel lucky because his presence proves that what we have must be worthy! Hooray! Hooray! Mr robber, why don't you come the day after tomorrow to buy another 100 million shares for $0.01 a share. That way, you will become a majority owner and ATNM will surely become invaluable!
I am #$%$. Why this guy get to buy the same shares we own at a
10% discount? I can understand that the company want to sell more shares. I can even understand that, because they cannot find enough bag holders like us, they will end up selling at a price that is lower than the current price. I simply cannot understand, however, why he get to buy the cheap shares while we do not? Don't we, as share holder, get the rights to refuse to buy these shares at the offering price first?
What if, the day after tomorrow, the company decided to sell another 100million shares to Mr.Privileges for $0.01 per share for a nice $1 million? We currently share holders will be totally scre wed. This is plain robbery. There got to be some rule/law out there to stop this.
Anybody know a good lawyer?
I was told that if I put in an very high price order, I effectively take my shares out from being borrowed for shorts. I was not able to, however, to find any convincing evidence/document to support it. Does anybody know if this true or not?
I am putting all my shares for sale at $48 anyway, hoping it works and do not in fact mind if the order go through either :-)
While I agree with your thesis, you got the math wrong. Somebody shorted at 28.50, after the dividends, ends only 22.73 in his pockets, and is under water. These guys will need the price to go down to 22.73 to break even.
I believe your thesis is right that if there were millions at stake, the manipulators will keep this down till after the expiration of the call.
But td ameritrade shows that the open interests are 2,306 which represents 230,600 shares. at prices of $3.00, it is $691,800 which is less than a million. At that scale, it is not very significant.
So, it is also likely some manipulators will engineer a run up to mess with the shorts.