Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

SPCX is now Wall Street's most shorted new stock

invezz.com

Post reply on HN
Print view View original

121–130 of 134 posts

Re: SPCX is now Wall Street's most shorted new stock

#121

Post by ButlerianJihad »

Eisenstein wrote: post #113
ButlerianJihad wrote: post #94

Earlier quoted context omitted.

It would seem extremely dumb for a market stock to move significantly, based only on livestreams of designated test missions. I mean wow, the Starship test flight today probably gave a lot of useful data during the countdown and fueling and preparations. I sort of had deja vu because there was recently another aborted launch (Electron? Rocket Lab?) where the engines ignited at T-00:00, and shut down immediately. It w…

What does influence your stock purchase decisions?

Your mom's nightly satisfaction ratings.

> It's huge and impressive and has lots of development work left.

That's a "strong buy" signal

Re: SPCX is now Wall Street's most shorted new stock

#122

Post by JumpinJack_Cash »

thereitgoes456 wrote: post #120
JumpinJack_Cash wrote: post #112

Space is old news, it had its moment of euphoria but then AI came around and made space bulls look like fools, because sooner or later quality of life matters and as overvalued as AI could be, it's 1000x more real than space for QOL

95% of SpaceX's valuation is in AI.

Sure thing brother

Re: SPCX is now Wall Street's most shorted new stock

#124

Post by CamperBob2 »

Rover222 wrote: post #123
CamperBob2 wrote: post #76

Earlier quoted context omitted.

It was a Nazi salute. You can't spin this, so stop trying. https://i.imgur.com/MF2aEM3.gif[/ https://preview.redd.it/1jwoo9q7goee1.gif?width=410&format=m...

[flagged]

[dead]

Re: SPCX is now Wall Street's most shorted new stock

#125

Post by Eisenstein »

ButlerianJihad wrote: post #121
Eisenstein wrote: post #113

Earlier quoted context omitted.

What does influence your stock purchase decisions?

Your mom's nightly satisfaction ratings. > It's huge and impressive and has lots of development work left. That's a "strong buy" signal

I shall assume that as much thoughtfulness goes into your stock trading as went into that response.

Re: SPCX is now Wall Street's most shorted new stock

#126

Post by Atheros »

compiler-guy wrote: post #107
noja wrote: post #100

Earlier quoted context omitted.

Do the short sellers actually hold shares?

They borrowed the shares and held those borrowed shares briefly, and sold them. So they don't hold them any longer, but they do have a contract where they are required to buy them later. The original owner doesn't hold the shares either, but they do have a contract for them to be returned. As a practical matter, this effectively creates shares, just like a bank loaning money creates money.

I still feel like there is a difference between Fractional Reserve Lending and this. 181 million shares are anti-owned: the traders don't want to own the thing, they want to anti-own it. Surely that has to count for something!

If a short seller decides, today, that they no longer want to involved with this stock at all and, simultaneously, by pure coincidence, the person they borrowed the share from decides that they also don't want to be involved with this stock at all so they both close their positions and settle up. The third person out on the market keeps owning the share that they never knew was borrowed at all, and everything stays exactly stable. One 'long' dropped out of the market but it had no effect on anything because the 'short' also dropped out at the same time.

That's not what happens when someone takes their money out of the bank and converts them to Benjamins: there is less money available to lend which raises the interest rate somewhat. That's an actual effect!

Re: SPCX is now Wall Street's most shorted new stock

#127

Post by CamperBob2 »

chuckadams wrote: post #87
dofm wrote: post #72

Earlier quoted context omitted.

[flagged]

Yikes. I initially saw a different photo that looked a lot more like it could have been waving, but yeah, that's just blatant.

You saw the photo the media intended for you to see. It's called "sanewashing."

Re: SPCX is now Wall Street's most shorted new stock

#128

Post by junto »

koolba wrote: post #17
tpurves wrote: post #10

Earlier quoted context omitted.

You are assuming there are not naked shorts out there.

There’s always a buyer on the other side of a short, naked or located. The question is whether the originating broker actually borrowed the shares. They are supposed to verify that before they place the trade and generally do follow the rules. Because if they don’t, they will be not allowed to allow any short sales for that security.

> They are supposed to verify that before they place the trade and generally do follow the rules. Because if they don’t, they will be not allowed to allow any short sales for that security.

SEC is clearly ignoring FTD’s and as a result allowing MM’s to reloan unlocated synthetic shares.

Which is exactly what happened in 2008 with mortgage backed securities and CDO’s.

Re: SPCX is now Wall Street's most shorted new stock

#129

Post by M3L0NM4N »

quantummagic wrote: post #98
M3L0NM4N wrote: post #88

Earlier quoted context omitted.

> No, you're working very hard to miss the point. It seems the opposite is true here. > [Shorts] literally can't be made, unless there was someone in the market who thinks that at the short price, the stock is a good investment opportunity. Every trade is proof that the market thinks the stock is a good investment at that price. Again, this isn't true. The spot price has to decrease from the point where short-selling…

> What you're essentially saying is that "every gallon of milk is sold to a person". This is not useful information. Only because you're ignoring the other option, that the gallon of milk DIDN'T sell. It tells you that there was demand for the milk you had to sell. If there was no customer, the milk would have spoiled. There are still people who want to drink milk. There are still people who believe you're not sellin…

Yes, but they don’t want to drink milk the at the same price. Price drives demand equally as much as demand drives price. That’s the point you’re missing.

Re: SPCX is now Wall Street's most shorted new stock

#130

Post by quantummagic »

M3L0NM4N wrote: post #129
quantummagic wrote: post #98

Earlier quoted context omitted.

> What you're essentially saying is that "every gallon of milk is sold to a person". This is not useful information. Only because you're ignoring the other option, that the gallon of milk DIDN'T sell. It tells you that there was demand for the milk you had to sell. If there was no customer, the milk would have spoiled. There are still people who want to drink milk. There are still people who believe you're not sellin…

Yes, but they don’t want to drink milk the at the same price. Price drives demand equally as much as demand drives price. That’s the point you’re missing.

I'm not missing it at all. Whatever the damn price is (of course it fluctuates) the only way you can make a bet that the price will go down further, is if someone else thinks it's going to go up. Therefore for every single short, WHATEVER THE PRICE, there's an exact same amount of optimism and pessimism. It's the only way a sale is made.

So you can focus on the pessimism if you want. But the point you're missing, is it's exactly offset by an equal amount of optimism (based on that price). One side is betting it will go down further, the other side is betting it will go up.

It turns out there's soon going to be a 20% to 30% increase in the number of stocks available to be traded, and people are betting that those holders will cash out now that they're vesting. So this is all more about market factors than intrinsic company fundamentals anyway.

But people want to always focus on the negative, and get too hung up on the fluctuations of a stock price like it's a message from God or something.

Anyway, it's been enjoyable talking with you and others, it seems we're not going to have a meeting of the minds on this one.

Post reply on HN