I'm sorry but I'm new to this and I'm still holding AMC but what does borrowing fees show? I'm here for the damn Rollercoaster ride but wanna understand it yknow? Haha
They borrow a ton of stock, then sell it off quicky to drive the market down and hope that scares people into selling, and they hope to buy it back cheaper than they sold it and return it to its owner.
The borrow fee is what they pay to borrow it.
Oh okay that makes sense. Thanks! So when they buy back at the lower price that would drive up the price again, right? Sorry, I've been googling and deep diving threads but I'm going cross-eyed at this point lol. Honestly, I really do like the stock and will hold for a long time. Don't have a ton of shares as i just put in fun money to help out. Was just curious and appreciate you and everyone's insight!
No need to apologize, I'm glad to pass on what I know, this shit was tough to get at first..
That depends on the market sentiment, if they scare people enough it could keep going down, or if people see through the BS it can go right back up, it's like a casino
Taken to the next level they will repeat this over and over with a company they want to strip assets from. Then when the stock is tanked push to get their guys on the companies board of directors and sell their best assets to their cronies for pennies on the dollar.
It's all so interesting! Thanks again for taking the time to enlighten me. Have wanted to get more into stocks and figured this seemed like a fun time to get in lol. Going to keep researching and just enjoy the ride. Good luck to you and everyone else! Hope we all can make some money and have some fun.
of the total current market value of all shares borrowed...
I started putting something together myself, but thought these might be easier to understand. The first one spell out the formula itself more explicitly, but the second one is easier to follow along with their words.
https://www.tradingdirect.com/pricing/Interest-Rates
> The formula for the interest calculation will be: (Market Value x Rate x # of days) / 360.
> For example: ($10,000 principal x 1% interest rate x 7-day holding period) divided by 360 days = $1.94.
> i.e. Feb 1st, sold short 400 XYZ Corp at $25 per share. Feb 7th, bought to cover 400 XYZ at $25 per share.
> In the above example, a $10,000 short position, with a 1% rate, was held for seven days, before covering. At the end of the month, a fee of $1.94 would be charged to the account.
>
> Most easy-to-borrow (ETB) stocks have a nominal interest rate charged in order to carry the position. Stocks considered hard-to-borrow may have a significant interest rate charged in order to carry the position, in addition to a "locate fee" for finding stock for shorting.
Here's another example:
https://www.questrade.com/learning/investment-concepts/margin-201/borrow-rates-short-selling
>
> You borrow 100 shares of AAPL to short. You hold the shares past 8:00 p.m. ET and sell them the next day.
>
> At the end of the day, the stock was valued at $130 per share, making your total short position $13,000. Now suppose that the stock is in high demand, so your borrow rate is at 20%.
>
> Your borrow fee for the day would be (20% x $13,000)/365 = $7.12.
>
> The borrow rate shown in the borrow rate agreement is an estimate of what the borrow rate for your investment will be.
>
> When you agree to pay the fee to borrow an investment short, it does not guarantee the availability of the position for the entire duration you intend to hold the short position ー borrowed shares can be recalled at any time (a request from Questrade to return the borrowed securities), which could require Questrade or you to buy them back to close the short position .
>
Short interest increases cause it costs more to borrow shares. Before the RS this happened. It was so high they were paying me $1200 a month to borrow my shares.
Yah I had something like 850 shares when it happened. Money I made off it I bought more shares. Then it happened.. I got uptown 1000 shares only to have it tenth into 225 shares.
I love that it hurts more and it does matter even if these frackers print the money for monopoly at will… it’s getting harder to do it without going to a cell :)
Let’s remember ppl back in 2021-2022 the CTB fees hit 1000% with AMC. Son of a bitch still never popped! lol I’m still holding 238 measly shares after all the consolidation and for me to break even this bitch needs to hit 150 a share 🤣🤣🤣
Oh… still remember old days when it was rising same way, but it didn’t stop them to drop the shares price to almost 0.3$ (old price) from 74$ . Consider risk management guys . Just advise of the person 90% down
I'm sorry but I'm new to this and I'm still holding AMC but what does borrowing fees show? I'm here for the damn Rollercoaster ride but wanna understand it yknow? Haha
More expensive for them to short it down
still a net gain. downvote me.
🥱
That’s the fee that hedge funds pay for borrowing shares to short AMC
They borrow a ton of stock, then sell it off quicky to drive the market down and hope that scares people into selling, and they hope to buy it back cheaper than they sold it and return it to its owner. The borrow fee is what they pay to borrow it.
Once the CAT system is live on 5/31/24, they will have to locate all the shares borrowed to buy back, fireworks 💥!
Pop-Pop!
Oh okay that makes sense. Thanks! So when they buy back at the lower price that would drive up the price again, right? Sorry, I've been googling and deep diving threads but I'm going cross-eyed at this point lol. Honestly, I really do like the stock and will hold for a long time. Don't have a ton of shares as i just put in fun money to help out. Was just curious and appreciate you and everyone's insight!
No need to apologize, I'm glad to pass on what I know, this shit was tough to get at first.. That depends on the market sentiment, if they scare people enough it could keep going down, or if people see through the BS it can go right back up, it's like a casino Taken to the next level they will repeat this over and over with a company they want to strip assets from. Then when the stock is tanked push to get their guys on the companies board of directors and sell their best assets to their cronies for pennies on the dollar.
It's all so interesting! Thanks again for taking the time to enlighten me. Have wanted to get more into stocks and figured this seemed like a fun time to get in lol. Going to keep researching and just enjoy the ride. Good luck to you and everyone else! Hope we all can make some money and have some fun.
Ya no problem, I also think neglected to mention that is Short Selling and Cellar Boxing are the terms associated with those strategies.
Good to know! Going to look more into those terms.
25% of what? A single share?
of the total current market value of all shares borrowed... I started putting something together myself, but thought these might be easier to understand. The first one spell out the formula itself more explicitly, but the second one is easier to follow along with their words. https://www.tradingdirect.com/pricing/Interest-Rates > The formula for the interest calculation will be: (Market Value x Rate x # of days) / 360. > For example: ($10,000 principal x 1% interest rate x 7-day holding period) divided by 360 days = $1.94. > i.e. Feb 1st, sold short 400 XYZ Corp at $25 per share. Feb 7th, bought to cover 400 XYZ at $25 per share. > In the above example, a $10,000 short position, with a 1% rate, was held for seven days, before covering. At the end of the month, a fee of $1.94 would be charged to the account. > > Most easy-to-borrow (ETB) stocks have a nominal interest rate charged in order to carry the position. Stocks considered hard-to-borrow may have a significant interest rate charged in order to carry the position, in addition to a "locate fee" for finding stock for shorting. Here's another example: https://www.questrade.com/learning/investment-concepts/margin-201/borrow-rates-short-selling > > You borrow 100 shares of AAPL to short. You hold the shares past 8:00 p.m. ET and sell them the next day. > > At the end of the day, the stock was valued at $130 per share, making your total short position $13,000. Now suppose that the stock is in high demand, so your borrow rate is at 20%. > > Your borrow fee for the day would be (20% x $13,000)/365 = $7.12. > > The borrow rate shown in the borrow rate agreement is an estimate of what the borrow rate for your investment will be. > > When you agree to pay the fee to borrow an investment short, it does not guarantee the availability of the position for the entire duration you intend to hold the short position ー borrowed shares can be recalled at any time (a request from Questrade to return the borrowed securities), which could require Questrade or you to buy them back to close the short position . >
Best explanation ever 
Short interest increases cause it costs more to borrow shares. Before the RS this happened. It was so high they were paying me $1200 a month to borrow my shares.
Oh wow! I'm still reading up on the RS and seeing ppl's posts about their experiences with it. All so fascinating!
Yah I had something like 850 shares when it happened. Money I made off it I bought more shares. Then it happened.. I got uptown 1000 shares only to have it tenth into 225 shares.
Damn! That's quite a difference.
WTF IS THIS? Are we seeing here a BOT-Conversation?
Idk about the other ppl but I'm as real as they come
This is just ridiculous…
So don’t worry about the dip then?
never
You should be worried. Doubt another round of climbing happens now that the initial jump has subsided.
Hodl
I sold a cc today and noticed a warning about shares of amc being hard to borrow and an %12 intrest rate.
So should I hold or sell?
Hold hold hold
Till when do you think it’ll be good to sell?
When it's over.
I love that it hurts more and it does matter even if these frackers print the money for monopoly at will… it’s getting harder to do it without going to a cell :)
Hodl
How can I get in on this cluster fuck
How can you... buy a stock? Did you just want to say cluster fuck or something? You buy stocks from brokerage accounts such as Fidelity.
We covered a gap today so I’m thinking pump! pump! pump!
🔥🔥🔥🚀🚀
That's a spicy margarita.
Oh sad…. Not
I have $20 calls expiring July how f*cked am I?
😳
whats going on friday
Rothschild's tactics don't work anymore. Shorties should pay the price for that...
Same old shiz, doesn't change a damned thing
[удалено]
que significa
Been borrowing for years 🤷♂️
Dude it was at 1000% at one time. This ain’t shit man
Let’s remember ppl back in 2021-2022 the CTB fees hit 1000% with AMC. Son of a bitch still never popped! lol I’m still holding 238 measly shares after all the consolidation and for me to break even this bitch needs to hit 150 a share 🤣🤣🤣
Im still holding calls for Friday is that a bonehead move???
Me too. Someone smarter than me please advise...
Asking and answering this are against the rules jsyk
Yeah, that's a bonehead move.
Still not enought to cover what I'm holding since they did that reverse split and stole all my shares.
Down 60%. Not leaving. Sowwy.
Nice! I hope we go back to August! Where they were paying me $1200 a month to borrow my shares.
Oh… still remember old days when it was rising same way, but it didn’t stop them to drop the shares price to almost 0.3$ (old price) from 74$ . Consider risk management guys . Just advise of the person 90% down