If you're really long you have nothing to worry about. But gotta question you.... people with 5 all time post and never a single post on MNK and/or QCOR usually aren't watching the after hours action. Looks like a troll to me.....
Thanks! I'm always looking for a hot stock tip!! I've never heard of this CTRP. Is it a new stock? What do they do or sell? Is it a new company to prevent tripping hazards? I think a company that could help people see trips better would be great for the world and a great investment. But you see, I can't invest in your recommenced trip hazard company unless you provide some more info. Please do share. Please...
Most of us are seeing some form of a "lock" on our Q shares right now and are waiting for them to be converted.... Which makes me wonder, are the Q shares sold short in a similar state of limbo? Are the shorts locked out of adjusting their position? I would imagine even the big dogs wouldn't get their shares early. I know that they could conceptually just buy shares of MNK and then cover their short that way, but can they technically close the position at this point?
This may be a reason that today's trading is "relatively tame".
I like your hypothesis that shares were sold short. Short analytics shows a pop in shorting the last two days. Good Call!
I know about the volatility in this one. It can be sleepy for weeks and then explode.... and then drop just as quickly. I first bought this about 2 years ago @ $2.65, sold out around $4 and have been in and out ever since. I plan on holding a core position with this one for a long time though, I think this is a great long hold.
Do sales of the $10M worth of possible "shelf shares" post instantly as volume? I don't know how this works, but I would assume they would mostly be sold privately. Any input is appreciated.
Tomorrow AM $30/share will be deducted from shorty's account and their short position will be converted to .897MNK. Obviously they'd need a margin account to short, so if they don't have the cash on hand, the % of their account in margin will increase. I would venture to think that at least some retail shorts will not have the necessary margin in their account; requiring them to deposit more $ or sell other holdings. Note closing their Q short position won't give them much if any liquidity; if they shorted @ the recent all-time-high of $97.80 they would be up $4.20 (not counting the AH pps increase & let's not forget about the hard to borrow rate they're paying).
Shorty is smart, maybe they've planned well for this... maybe they have an attack/FUD planned (I would be surprised if they didn't). But I think it would be very, very hard for ALL of the shorts to be able to weather this storm. All it will take is one big short falling to set off a chain reaction. There are virtually no shares for sale, what little available float is being sucked up by one of the most respected investors out there. Let's say someone goes under and has to cover one million shares in one day, one hour? Where will the shares come from?
Yep, I got the hard copy too. I was thinking of donating it to a museum seeing as how it will have historical significance regarding one of the most venomous and ill-conceived shorts of all time. Ah, imagine an entire exhibit of short FUD, stock charts trending up, QTR articles (for comic relief of course) and maybe a few articles on the hedgies that just may go under due to this.
Or maybe I'll just ebay it and buy more shares of MNK.
Anyone have any insight on what the chop is due to today? Big swing up at the open w/ someone accumulating shares, going back to even territory and then dipping on another large trade.
I'm not complaining, I bought @ 6 and will be holding for a while; been watching this one for years now. Just wondering if anyone has any idea what the turbulence is due to.
Does anyone know if this will be streamed? I'd like to listen to it live. Currently, there isn't anything on the IR page for either company.
Does Paulson purchase all of his shares on the open market? There were some very big blocks on Aug 7. Just curious if he has to purchase all shares on the open market or if he is able to obtain shares via pre-arranged trades or dark pools or some other stuff that I'll never be able to do....
The more Paulson buys the more the "float" disappears. I use quotes on float as I don't really think there is a large free float out there. Most institutions and retail longs are not trading their shares. I think the daily volume is almost entirely made up by shorting and shares on margin. I was going to make a joke that Paulson would obviously not buy shares on margin, but what if he did? Putting those new 700,000 shares on margin would allow the shorts to gobble them up. Sure that would temporarily depress the price, but Paulson could instantaneously move his shares from margin. I would guess moving such a large amount of shares from margin could trigger a squeeze.
You have 10 posts; none with any amount of thought, so I congratulate you on stepping up your Troll FUD game and trying to post something insightful! It's nice to see you Trolls at least try to pretend that you know something/anything about the company. When you try, I take additional pleasure in watching you drown.
In an effort not to be rude, I will answer your question. I'm a Q long. Still holding my shares and waiting for them to be transferred over to MNK. While waiting I've also been making small buys in MNK just to get my feet wet. Not sure if I'll reinvest the $30, but I can tell you that I won't be selling my MNK for a considerable amount of time. That is unless it squeezes above say $150.
News out that Shrek was on twitter with several alias' promoting RTRX and bashing other companies. Its kind of funny that the CEO of this "major biotech company" didn't know that it wasn't acceptable to pump & bash stocks on twitter, nonetheless with fake accounts.
I wonder if all of our new pals on this board are just several of Martin's accounts? Bring on the thumbs down!!!
Hey south. Are you in MNKD? I have been for the past 4 months or so. I bought more b4 the partnership, so I'm up... but would have appreciated a bigger bounce.
If you're in it are ya holding or moving on?
You are right! Thanks for the correction. I quickly spouted off my rant after they did it to Q last week, I should have paid more attention.
You've got to be kidding me. Zacks releases "news" that MNK missed earnings.... oh the "zacks consensus earnings" - total BS After pulling this same trick with qcor last week, this looks really desperate. The shorts really do have paid writers (bashers) everywhere!
In my mind, I'm not sure how much they can really do to deliver a large blow. I think the merger was designed to address the short issue; by the merger being for .897 shares + $30 cash it puts a great deal more pressure on the shorts. That $30 cash is not changing.
I can't remember exactly what Greenlights short position was put on @ and don't have time to look it up, but I thought it was around $64..... so for GL to break even on their short the following would need to play out: $64 = 0.897*MNK + $30, thus $34 = 0.897MNK, showing that in order for GL to just break even, MNK would need to have a pps of $37.90 at the time of the merger (assuming my $64 guess was correct). Do you really think MNK will go below $37.90, I do not. I also believe the merger will go through; buying more!
That's funny.... How can MNK be rated a Zacks #1...... When QCOR is rated a #3 and QCOR "missed" earnings?
Obviously I'm joking. Just trying to poke fun at Zacks supposedly unbiased raking system. I think its rather obvious that their opinion can be bought just like most other analysts. Just last week Zachs twisted eps and issued an article saying QCOR missed on earnings even thought they strongly beet the street estimate (read the article and they say "Zacks Estimate" -- which was likely created after earnings were released).
With there still being an arbitrage spread between QCOR and MNK in QCOR's favor, how can Q be ranked a #3, and MNK a #1.
Just to be clear I am long both and see both being a Joe's Rank #1.
AF had the audacity to tweet that CREW was pressured to release this request to the SEC by the CEO of Northwest Bio (the company CREW uses as their main focus in the complaint). This guy is..........
Also, this morning The Street released an article "Why Mastercard Stock is Up today" at 10:09 am. MA has not had one trade in the green today! Don't get me wrong, I have MA calls and want to see it pop and they did have great earnings. I want to point out the fact that The Street pre-writes their articles to pump their positions - although I know everyone knows this.
Is anyone else adding at this point? The price at this level looks very attractive! I would think that there would be strong resistance right at 90, but who knows what the shorts may have planned..... Just seeing if anyone is adding or just holding strong?
I have a long commute to work and have been listening to the audio book "More Money Than God: Hedge Funds and the Making of a New Elite" by Sebastian Mallaby. The author follows the success and failures of hedge funds and explains their genius and stupidity quite well. History shows that massive hedge fund losses have often been due to the stubbornness of their managers and their refusal to exit a poorly contrived short position.
I know this is rudimentary, but a hedge fund operates on the premise of being able to generate returns in any market by buying strong companies and shorting weak ones in similar sectors. Thus, Greenlight (GL) under performing the S&P is not all that shocking since the S&P has performed quite well with relatively liner gains in Q2 and low market volatility.
In reading GL's Q2 letter, ALL of their short positions have been put on companies that have or are undergoing a merger or acquisition; namely SWY, MLM, LO and GMCR. It is widely known that the gains the markets have seen this year have been largely fueled by M&As and those M&As have been for one purpose: to increase a companies value by increasing revs and market share, diversifying, realizing synergies between companies, etc. The point is GL is essentially shorting the fundamental element that has actually driven the market higher.
Trying to step back from my bias towards QCOR, I believe I am seeing that GL's short positions were put on because they believe they identified companies with fundamental problems, however, the M&As the companies are involved in largely address those deficiencies and have lead to increase share prices. GL is on the wrong side of the trade in all of their short positions. GL is 115% long and 71% short, so they may be able to hold the loosing short positions. I don't know how solvent GL is, but paying $30 per Q share at the merger could put them on tilt.
Time to hop off my soap box and enjoy the weekend. Enjoy your weekend as well Q longs!