myownpetard

12 ms·

91.
by myownpetard 6y ago
This program has the potential to be major net gain for our society. We have the largest incarcerated population in the world. We have mental health and opioid crises. Our current models of policing are ineffective and inhumane. I hope that
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by myownpetard 6y ago
They call the police.
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by myownpetard 6y ago
Another day older and deeper in debt.
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by myownpetard 6y ago
Is that in the delivery region of Cosa Nostra Pizza?
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by myownpetard 6y ago
True, but in the case of naked shorting there is now (for some period of time) another share being traded in addition to the shares issued by the company. In the case of regular shorting the float remains the same.
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by myownpetard 6y ago
This results in a similar situation to GME where the short interest is > 100%. WSB wants to be Charlie. They want to hold the share that Bob is legally obligated to buy and can't purchase anywhere else. They can then demand whatever
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by myownpetard 6y ago
My understanding is that this leads to short interest greater than 100% but not more shares traded than float as there is still just one share. In your example Alice doesn't own the share at this point, she owns an agreement that says
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by myownpetard 6y ago
> You can get arbitrarily high amounts of shorting without any naked shorts. That's why I said "Interestingly, in both cases the short interest can be greater than 100%" But in the situation you're describing the tota
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by myownpetard 6y ago
With normal shorting the number of shares being traded is no greater than the float. Only with naked shorting can there be more shares traded than float, as in the parent's example. Interestingly, in both cases the short interest can b
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by myownpetard 6y ago
I watched Congresswoman Ocasio-Cortez's Twitch stream last night. She had on Alexis Ohanian, Alexis Goldstein, and TheStockGuy as guests to discuss the event and the current political/economic environment. Amazing to see this new
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by myownpetard 6y ago
I'm not assuming anything, I'm just asserting that it's a rational strategy that has a possibility of succeeding. Can the short sellers stay solvent long enough to wait for the price to drop? Short squeezes can last for weeks
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by myownpetard 6y ago
It's a compelling story with multiple, interesting and intertwining narratives. - An unprecedented and uncoordinated but sophisticated financial engineering play driven by an internet community. - There is a loose analogy to the terror
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by myownpetard 6y ago
It doesn't need to go to infinity. GameStop just needs to get to parity with totality of the collective assets of every short seller. Then to make good on their debt, those entities will be fully liquidated. They took on unbounded risk
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by myownpetard 6y ago
I'm having trouble finding specific numbers, do you have a source? As far as I can tell they started the year with ~12.5B AUM, and have lost ~30% on the year and received a 2.75B cash infusion from Citadel et al, which I assume was at
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by myownpetard 6y ago
Do public retirement funds in Wisconsin own >30% of APPL?
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by myownpetard 6y ago
You don't think there is a moral difference in changing how we interact with someone based upon their behavior vs. changing how we interact with someone based upon an intrinsic property of who they are? Those seem like fundamentally di
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by myownpetard 6y ago
Far right extremists are not a protected class. LGBTQ is a protected class. A business can choose to not to serve a far right extremist based on their far right extremism. A business cannot choose to not serve a gay person because they are
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by myownpetard 6y ago
Likewise there are a lot of working class Christians who would be strong allies in a labor movement but if that movement is inextricably linked to a pro-choice party it is a non-starter for them.
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by myownpetard 6y ago
Yes, many. I'm not saying that all Republicans are all of those things, just that those are the coalitions that make up the current Republican Party. Did I miss a Republican Party coalition from my list? But this is also I reason why I
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by myownpetard 6y ago
> whose primary concern is one of... I'm not saying that all Republicans are white nationalist and anti-abortion but I haven't met a Republican whose primary political concern wasn't one of the issues I listed. And everybo
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by myownpetard 6y ago
The Democratic Party is too large of an umbrella these days. Anybody whose primary concerns are among fiscal responsibility/the deficit, public education, effective foreign policy, civil rights, human rights, political corruption, scie