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Situational Awareness down 67% in July in AI stock rout

wsj.com

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Re: Situational Awareness down 67% in July in AI stock rout

#21

Post by petesergeant »

malfist wrote: post #12
alasr wrote: post #6

Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context

Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?

Because he’s an expert.

Edit: I don't do podcasts but this is absolutely worth some of your time to watch.

Re: Situational Awareness down 67% in July in AI stock rout

#22

Post by gessha »

malfist wrote: post #12
alasr wrote: post #6

Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context

Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?

You can still learn from thieves and crooks. Especially if they break down what they did and how they did it.

Re: Situational Awareness down 67% in July in AI stock rout

#24

Post by infecto »

malfist wrote: post #12
alasr wrote: post #6

Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context

Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?

He is one of the few folks in finance who regularly streams and is directionally interesting. He served his time.

Re: Situational Awareness down 67% in July in AI stock rout

#25

Post by zetanor »

malfist wrote: post #12
alasr wrote: post #6

Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context

Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?

Can you provide a comparable or superior analysis by someone else?

Re: Situational Awareness down 67% in July in AI stock rout

#26

Post by rib3ye »

malfist wrote: post #12
alasr wrote: post #6

Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context

Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?

He has done more for wallstreet-to-mainstreet transparency than you believe.

His investor literacy youtube backlog is unusually deep and as of yet has only shilled his own trading product.

But your point is valid, he will never live down the fraud conviction and his face is so punchable.

Re: Situational Awareness down 67% in July in AI stock rout

#28

Post by vessenes »

changoplatanero wrote: post #4
vessenes wrote: post #3

This is everywhere. For reference, former FTXer and OpenAIer raised $225m into a hedge fund structure, went long and short, and reportedly peaked at $40bn of value; leverage bit hard this week and they sold their entire-ish portfolio to Citadel at $10bn. (Which, I imagine was very likely aiming at this outcome in their trading in the last few weeks). Not reported anywhere -- was additional money raised in to the fund…

Say more about how citadel made this happen with their trading?

To be clear, I'm not claiming Citadel created double digit drops in SK Hynix / Samsung. I am saying that as market vol hits, vol traders might choose to make it worse. And when word hits the street someone has a liquidity position, prop traders WILL come and pressure. SA's filings were clear how concentrated they were, and this was known. In this case, Citadel (hedge fund) bought, while I imagine Citadel Securities would have been doing this (speculated upon) trading. We'll know more when the filings come out though. I'll be curious what of the portfolio they kept and what they worked / rolled in the market

Re: Situational Awareness down 67% in July in AI stock rout

#29

Post by loco5niner »

malfist wrote: post #12
alasr wrote: post #6

Earlier on HN: Martin Shkreli breaks down the collapse of Situational Awareness - https://news.ycombinator.com/item?id=49119380 Edit: added context

Why are you promoting content by Martin Shkreli? You know, the guy who committed securities fraud to rip off desperate patients?

I really don't like this guy, seriously he's a shark (he's probably right, but what a jerk): "If you know somebody has to liquidate, the best thing you have to do, unfortunately, sadly, Darwinian is to go sell all the positions you have in common, then start shorting everything they have. It accelerates the downfall as quickly as you can." of course then he says 'It's nothing I would ever do...'

Re: Situational Awareness down 67% in July in AI stock rout

#30

Post by willchis »

eigenspace wrote: post #8

Quite the funny headline. It initially made me think that someone had come up with some sort of quantitative measure of the situational awareness of traders, and was claiming that there was an increase in traders making dumb trades that misread the situation or something. Ironically, I would describe this selloff as an increase in situational awareness.

Ha yes it definitely reads like an Onion headline.
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