Shorts continue to scrounge and pay high to borrow

[Palm]

Shorts are shaking the bushes again today in an attempt to find more shares to borrow.  Schwab is looking for more shares and has increased the amount they say they will pay to lenders.  When you start loooking at what it costs Schwab to borrow shares, plus now they are going to depositing cash into lenders' accounts to cover the value of the borrowed shares.  They then add a healthy margin and pass this all on to shorts.  I would guess the cost to borrow is getting steeper for shorts.  Yet they continue like crack addicts.

[ellerslick]

Shorts are shaking the bushes again today in an attempt to find more shares to borrow.  Schwab is looking for more shares and has increased the amount they say they will pay to lenders.  When you start loooking at what it costs Schwab to borrow shares, plus now they are going to depositing cash into lenders' accounts to cover the value of the borrowed shares.  They then add a healthy margin and pass this all on to shorts.  I would guess the cost to borrow is getting steeper for shorts.  Yet they continue like crack addicts.

They continue to kick our butts for what is it the third or fourth day now.

[Tree]

And one Mountain Man at the highest level report that those plump sweaty dirty and shirt-less 'Neds' are paying 50% for those shares.

http://www.youtube.com/watch?v=9gLN3QoN-q8&feature=youtu.be

[jft310]

They shorted at $78.Thats why they are frantic and failed to cover time and time again.

[CesiumFormate]

I am getting daily emails from Schwab to sign up for their lending program. They are not getting my share or any elder family shares!
CF

[Palm]

"What? Down 4 days in a row?" http://www.youtube.com/watch?v=1hAIKSLKTjg

[katytrader]

Shorts are shaking the bushes again today in an attempt to find more shares to borrow.  Schwab is looking for more shares and has increased the amount they say they will pay to lenders.  When you start loooking at what it costs Schwab to borrow shares, plus now they are going to depositing cash into lenders' accounts to cover the value of the borrowed shares.  They then add a healthy margin and pass this all on to shorts.  I would guess the cost to borrow is getting steeper for shorts.  Yet they continue like crack addicts.

Palm,  I am not sure that the Schwab solicitation reflects more net shorting.  If I correctly understand this process, Schwab may simply be lining up shares available to short.  Yesterday´s call data indicate that as many as 2 million shares were called with deep in-the-money calls bought yesterday to cover short positions.  My assumption is that these covered shares are returned to the broker and his client accounts and that the broker must solicit agreements to lend these returned shares again.   Maybe I have this last bit wrong, but we will find out what yesterday´s net short position is at the end of business on May 9.

[jft310]

Eller-My thoughts only look at what IOC has done and where they are in the process on monetization. Further look at the elders who

have a cost of $1 per share. They don't watch every tic of the stock but wait for the inevitable. This is not a get rich quick situation. This

is a get filthy rich LONG term situation. The first monetization is just that a FIRST monetization. IOC has more holes to drill more assets

to prove out. Yes they wil get bought out. Just not now.

Will it be May or June don't know and don't care neither should you.

Worrying and fusing about short term price moves is a waste of your time. Get a hobby and come back.

If you need the gain like now well thats not the stock market. Nor is it IOC. Invest accordingly.

Unlike many in the stock market who think this is a casino well this is not a casino .Surprise this is a get filthy rich situation over time

stock..Don't believe that well then buy Apple . IOC has more upsdie than Apple and I own own a slug of both. GLTA

[Palm]

Shorts are shaking the bushes again today in an attempt to find more shares to borrow.  Schwab is looking for more shares and has increased the amount they say they will pay to lenders.  When you start loooking at what it costs Schwab to borrow shares, plus now they are going to depositing cash into lenders' accounts to cover the value of the borrowed shares.  They then add a healthy margin and pass this all on to shorts.  I would guess the cost to borrow is getting steeper for shorts.  Yet they continue like crack addicts.

Palm,  I am not sure that the Schwab solicitation reflects more net shorting.  If I correctly understand this process, Schwab may simply be lining up shares available to short.  Yesterday´s call data indicate that as many as 2 million shares were called with deep in-the-money calls bought yesterday to cover short positions.  My assumption is that these covered shares are returned to the broker and his client accounts and that the broker must solicit agreements to lend these returned shares again.   Maybe I have this last bit wrong, but we will find out what yesterday´s net short position is at the end of business on May 9.

Thanks Katy; not sure of all details of the situation like yesterday's calls, but I do know that Schwab's agreement states that once you enter into their program you agree for them to be lent as needed and they note in the account as to whether the shares are currently on loan or not, and if so what the rate is they are paying. It's up to the account holder to terminate the agreement or call the shares back in if they no longer desire their shares be available for lending. I know someone whose shares were just lent out this AM and Schwab is still soliciting shares.

[ellerslick]

Eller-My thoughts only look at what IOC has done and where they are in the process on monetization. Further look at the elders who have a cost of $1 per share. They don't watch every tic of the stock but wait for the inevitable. This is not a get rich quick situation. This is a get filthy rich LONG term situation. The first monetization is just that a FIRST monetization. IOC has more holes to drill more assets to prove out. Yes they wil get bought out. Just not now. Will it be May or June don't know and don't care neither should you. Worrying and fusing about short term price moves is a waste of your time. Get a hobby and come back. If you need the gain like now well thats not the stock market. Nor is it IOC. Invest accordingly. Unlike many in the stock market who think this is a casino well this is not a casino .Surprise this is a get filthy rich situation over time stock..Don't believe that well then buy Apple . IOC has more upsdie than Apple and I own own a slug of both. GLTA

In my own way I was just stating that it doesn't matter what the borrow rate is. As I stated in another post everytime short borrowing is mentioned the stock goes down.  Stock goes up on rumor and comes down on no news,end of story.  Never held a level in 4 years that I have been here.  It didn't help with the Phil article that basically inferred that the long process already could continue on, a great way to create anxiety among the shorts.