Viewing profile — threedots

Seconded. The last week has been actually quite unsettling and completely changed my perception of HN.

Friction is the difference. Naked shorting removes the need to locate borrow. That need acts to prevent runaway supply expansion. Naked short selling also circumvents the rights of…

Short selling has both supply and demand effects. So while it 'soaks up investor money' it also creates demand for incremental money through lower prices.The laws right now basical…

Rules already exist around what you can and can't say as a short seller. What is it that you don't like about them? Do you think no one should be allowed to say negative things abo…

What is the mechanism by which you think shortsellers cause companies to go bankrupt? Can you think of any examples of short sellers causing a bankruptcy?

I read that reddit thread earlier when it was at the top of r/all and it is unhinged. How this went from vanilla pump and dump to this conspiratorial lunacy is beyond me and I hope…

It had lots to do with GME in that GME was the source of the risk (because of its through the roof volatility) that the DTCC was protecting against. But if your implication is that…

It's a good question. I can only speak for myself but I would only be interested in investing in a very small number of funds and they don't want my money (or sometimes anyone's mo…

No you're good. I'm a career hedge-fund/market guy and all of my investable assets (outside of my company and my house) are in vanguard trackers. I'd guess most of my friends who a…

There is a big difference between handing out light punishments and actively colluding. In the case of Cohen, his light punishment is because they were never able to find the smoki…

It's trivial for the SEC I don't know if you're implying the SEC is in cahoots with the hedge funds, and not just any hedge fund but one associated with SAC/Cohen whom the SEC went…

The point is that without short selling option MMs couldn't hedge so no one would sell put options.

It does reduce prices because it increases the supply of available shares, it's just that reducing prices isn't necessarily a bad thing. We want the prices of bad things (e.g. frau…

Secondary markets provide liquidity for primary investors which makes making primary investments much more attractive. A stock market is just a highly organized kind of secondary m…

If they bought in at 10 and sold between 50-100 if they owned 14% of the free float they would have lost 0.5-1bn. That assumes they didn't increase exposure as the price went up an…

Protecting investors is literally the first part of the SEC's three part purpose statement. The SEC came into existence because retail investors lost huge amounts of money in the 2…

I mean you can just do the maths, no? They probably had a few hundred million position (maybe larger) with an entry cost under <10$. There may be some puts in there too which will …

The supply of shares for covering is not constrained by the number of actual shares in issue in the ordinary course of trading (you can create this condition artificially if you wa…

I don't understand why people think Melvin would do this. Sure they might be prepared to flout SEC rules if they thought they could get away with it but whether they sold is trivia…

The fact you're confusing option types is not helping your credibility. Writing put options is a bullish move. Melvin may have been writing CALL options (I doubt it to be honest bu…

I'm well aware of how citadel is structured thanks, I used to work there. If you think options dealers go around taking massive unhedged directional bets then you are very misinfor…

This reads like GPT-3 output, like what on earth are you talking about. I don't think you understand how options market making works and for the record citadel is not a prime broke…

I can tell you with some confidence that no partner at any of those funds could care less what some public market long/short outfit thinks and vice versa. Both of these groups of p…

The 16" MBP is terrible with an external monitor (or at least mine is with my external monitor). Fans spin up like crazy and the case gets hot enough to fry an egg on. It's the one…

In Europe/UK an IP is PII. This link explains it: https://ico.org.uk/for-organisations/guide-to-data-protectio...