311–320 of 906 posts
A Moment in the Life of an HN Genius: 1. Reads a technical document outside their domain. 2. Feels dumb because they don't have a grasp on any of the concepts. 3. Too busy to use the very internet which some of them probably helped build to magically render learning materials to the screen in front of them at zero marginal cost. 4. Sees the word "manipulation" 5. Substitutes the laymen's definition of "manipulation"…
I am so sick of this 'stay in your lane' attitude. Time and time again, experts have been shown to have consensus opinions which are wildly off from reality. You can almost set your watch to how often an outsider will analyse a situation from first principles and make money off the 'experts', especially in the stock market. You're welcome to your opinion but this appeal to authority is seriously wearing thin. Pretty…
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The big hedge funds are apparently losing money (billions!) A few hedge funds (of different sizes) are indeed losing billions. A few other hedge funds have taken the opposite side of this bet and are making money. The vast majority of hedge funds have no position in this stock and are completely unaffected. In addition a bunch of HFT shops and similar making a lot money off the volatility and order flow all this has…
I mean, some hedge funds are making money, sure. But the point is that, collectively , billions of wealth have so far been transferred from institutional investors to regular investors.
Conversely, a few investors that bought cheap might have made huge returns - if they sold at inflated prices (passing the hot potato to the next greater fool). If they didn't sell, then the paper gains will vanish.
A Moment in the Life of an HN Genius: 1. Reads a technical document outside their domain. 2. Feels dumb because they don't have a grasp on any of the concepts. 3. Too busy to use the very internet which some of them probably helped build to magically render learning materials to the screen in front of them at zero marginal cost. 4. Sees the word "manipulation" 5. Substitutes the laymen's definition of "manipulation"…
I am so sick of this 'stay in your lane' attitude. Time and time again, experts have been shown to have consensus opinions which are wildly off from reality. You can almost set your watch to how often an outsider will analyse a situation from first principles and make money off the 'experts', especially in the stock market. You're welcome to your opinion but this appeal to authority is seriously wearing thin. Pretty…
Earlier quoted context omitted.
It boggles the mind people think hedge funds can't profit off a mad rush like this...
> It boggles the mind people think hedge funds can't profit off a mad rush like this... How exactly would they do it? Shorting it again would involve calling the top for a stock whose price recently has been unpredictable, but very high. Writing options seems nuts for something this volatile. I guess they could "buy volatility" with a straddle but again what would the numbers have to be on this where they turn a prof…
The other thing is, the price WILL go down eventually. Even if not today. A fund with billions of dollars can afford to sit on a short of GME at $400 for a long time. Longer than the upward pressure will last. The narrative was that the short squeeze will happen today, and prices will skyrocket. You only had to be in it for a little while. Now the narrative is changing, and it will maybe be next week, or even farther out. Sure the meme is to hold forever, but anyone holding any amount that will maybe make a difference are going to see that life changing number and sell eventually.
A few rants that i tried answering to someone before him removing post. Free speech is allowed. Prosecuting people for free speech is impossible. A bunch of imbeciles posting on forums is similar to a bunch of imbeciles on CNBC arguing that price is too high. A hedge fund with 12 billion dollars shorting 140% of a stock and then using media to drive price to 0 is illegal. Also more then idiotic since they caused the…
>Free speech is allowed. >Prosecuting people for free speech is impossible. Are you suggesting that pump and dumps legal because "free speech"? >A hedge fund with 12 billion dollars shorting 140% of a stock and then using media to drive price to 0 is illegal. What is the relevant legislation preventing someone from shorting "too much"? Furthermore, prior to this debacle I certainly haven't heard of GME in the media a…
Where's the pump and dump?, This is a short squeeze due to Melvin Capitals 140% short and people buying due to initially Cohen joining. Same as for VW a long time ago. Now it's just because people want to buy... Hell I did so as well at recent prices as I think with a nice stock offering GME can get to a 500 fair market value easily. Que in some partnership with Tesla for 'TeslaStop' gaming while charging and they'll be good.
> What is the relevant legislation preventing someone from shorting "too much"?
Look it up under market manipulation. A oversized hedge fund overselling a stock will certainly be able to set the price where they want and then profit.
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> a real doctor, nurse practitioner, and the CDC Sadly, many doctors and nurses are statistically illiterate. I know, because I (try to) teach them statistics. Remember, the Surgeon General of the CDC said that, "[masks] are NOT effective in preventing general public from catching #Coronavirus," perhaps in some misguided belief that avoiding panicked mask-buying was more important than a mask-wearing public. [Sorry f…
Can you link to the papers that were available in March 2020 that showed that masks are effective? Use any definition of "mask" and "effective" you want, but preferably effective should include some concept of "prevents spread of respiratory disease". Covid is a serious illness. Far too many people have been told, and believe, that they can continue their normal day to day life so long as they put mask on. This is un…
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> there is this narrative that the little guy is finally sticking it to the big bad hedge funds. In reality there is probably very little truth to this. Which part has little truth to it? The big hedge funds are apparently losing money (billions!) on Gamestop, unless that's being mis-reported. Some of the "little guys" (reddit people) definitely were a part of the reason for that.
Hedge funds are not homogeneous and the majority of them had no position whatsoever in any of the meme stocks. Some were long meme stocks. https://www.google.com/amp/s/www.marketwatch.com/amp/story/l... A Korean fund made a billion dollars on a 12 million dollar GmE investment and they were only the 7th largest holder of GME shares. The wsb narrative of this sticking it to Wall Street is just false. I personally thin…
Yes, in particularly the passionate pleas to buy in more and HODL, stick it to the man, stick it to the evil shorts. While enabling the early longs to cash out profitably.
Bit like Bitcoin, really.
Earlier quoted context omitted.
> a real doctor, nurse practitioner, and the CDC Sadly, many doctors and nurses are statistically illiterate. I know, because I (try to) teach them statistics. Remember, the Surgeon General of the CDC said that, "[masks] are NOT effective in preventing general public from catching #Coronavirus," perhaps in some misguided belief that avoiding panicked mask-buying was more important than a mask-wearing public. [Sorry f…
Can you link to the papers that were available in March 2020 that showed that masks are effective? Use any definition of "mask" and "effective" you want, but preferably effective should include some concept of "prevents spread of respiratory disease". Covid is a serious illness. Far too many people have been told, and believe, that they can continue their normal day to day life so long as they put mask on. This is un…
No, I can't. Can you link to papers that show flossing is effective? Probably not, but the mechanism is so obvious that essentially all dentists will tell you to floss. Further, mask-wearing was already a well-established practice in medical settings to prevent the spread of respiratory disease from practitioners to patients.
> believe that they can continue their normal day to day life so long as they put [a] mask on. This is untrue
Combined with some coordination on travel restrictions and quarantines, it seems Taiwan has been able to keep that normal day-to-day life for the majority of Taiwanese.
https://www.wbur.org/hereandnow/2021/01/08/taiwan-covid-19-p...
A Moment in the Life of an HN Genius: 1. Reads a technical document outside their domain. 2. Feels dumb because they don't have a grasp on any of the concepts. 3. Too busy to use the very internet which some of them probably helped build to magically render learning materials to the screen in front of them at zero marginal cost. 4. Sees the word "manipulation" 5. Substitutes the laymen's definition of "manipulation"…
Seems like you struck a nerve. I'm impressed by how many people are replying to this, quoting your points, and then talking about those points as if they were addressed directly at them. When did HN become overrun by narcissists?
This approach is just teaching people to repeat memes after pundits and not use their brain - instead of teaching them to work on better reasoning skills, and applying these skills to the problems they face, while accounting for their lack of expertise.
Discussions should be about arguments, not people's authority. If you see someone being wrong and you know better because you've studied the field for longer, point out the flaws in their arguments, offer corrections, but embrace that they're at least trying for understanding, instead of condemning them.