skysight-inc/HackerNews huggingface dataset:
A fraction of a percent is yuuuge. Entire categories of liquidity providers can be wiped out with taxes on trades as "low" as 0.05%

Not sure what people have against trading or why I should be taxed on buying or selling shares, but the government likes to capture money and spend it on weapons, so I suppose it isn't surprising the idea is being floated.
So while "you" and HFbuddy are closing out the shorts, there are 16 transactions - that's significant volume, isn't it?
If you're logged into at least one device with telegram, the sign in code for the a device first comes to the logged in device, instead of coming via SMS. The 6 digit code comes from a verified 'Telegram' account over the internet, thus avoiding the security or connectivity issues of SMS.
Is a correct summary of what you're saying "static type systems may also give poor messages when types are inferred, not explicit"?

If someone wrote "let x: List<String> = [ 'foo', 'bar', func ]", it could certainly figure out the type.

In practice, it seems like what people in statically typed languages have settled on is "always write the types for function signatures", and that does seem to give a happy compromise.

In this case, the "toGNUCommandLine" function would specify that it takes in a list of strings, and from there the type-errors would be fine I think.
> What else do you call shorting 140% of a company's stock?

Unusual, but a thing that can happen, and not at all illegal.
Was there any sense by you or in the press that this could potentially happen over the last few weeks?
Of course politicians will rally behind the populist narrative. They don't care that regular people are throwing away their money buying into conspiracy theories.
You failed (conveniently or not) to mention that that cell tower damage was in Punjab, about 350 kilometers away from the current protest site. Nobody stole the generators, but yes, the wires were cut.

> No cell tower == no cell service == no internet.

Are you implying that this internet shutdown in Delhi protest area has nothing to do with Government Orders?
NVidia has "ML-related chips on their GPU cards" shipping now no some cards (the tensor cores): https://developer.nvidia.com/tensor-cores
Please don't post political, nationalistic, or ideological flamewar comments to HN. It's not what this site is for, regardless of which side people are battling for or how right they feel it is.

https://news.ycombinator.com/newsguidelines.html
You are purposefully misquoting Andrew Ross Sorkin. The "from what I understand" refers to the time Melvin Capital closed their position, not the overall fact that their short interest is closed.

The full quote from Sorkin's segment, ~40 seconds into the video: "Melvin Capital is now out of the stock. They got out of the stock, from what I understand, yesterday afternoon." (https://twitter.com/cnbc/status/1354406938319216640). It could not be more clear -- "from what I understand" refers to the precise timing and not the overall fact.

> The claim that Melvin closed their position is something of a game of "telephone" in that it was a CNBC anchor that claimed that "from what I understand" Melvin Capital is out of the stock, after he talked to the CEO (off camera).

That's not a game of telephone, that's quoting a direct source. Sorkin talked to the CEO of Melvin Capital right before he went on air and then immediately reported it.

> just a journalist claiming a source said something

And it's not "some CNBC anchor," it's a well known journalist (Andrew Ross Sorkin) with a reputation at stake.

> All of the other stories about the claim simply state "according to CNBC".

Because CNBC got the scoop. It's journalistic etiquette!

> no recording of the conversation, just a journalist claiming a source said something

Every single article published in any newspaper ever is a journalist claiming a source said something.

> Melvin themselves have not (as far as I can see) issued any kind of statement, written or otherwise, that clearly states they have zero position on GME any more.

The CEO of Melvin Capital calling a prominent CNBC journalist counts as a statement, if you're willing to put aside your rabid paranoia for a few minutes and think critically instead of conspiratorially.
Correct, they're opting for a guilt by association approach, if you can even call it that. Nefarious "journalism" nonetheless.
There's nothing illegal about 140%, because the same share can be loaned out multiple times.

Anna lends Bob a book, Bob lends Charlie the book, now the book is 200% lent out. It's arguably risky and stupid to be Bob, because now he's in trouble if Anna wants the book back and Charlie doesn't want to return it, but there's nothing illegal about this.
We've had to ask you before not to do religious flamewar on HN. This is not cool. Nationalistic flamewar isn't cool either.

We ban accounts that do these things. Please don't do it again.

https://news.ycombinator.com/newsguidelines.html
Amazon’s Ring now reportedly partners with 2k US police and fire departments
yeah but cost averaging is often a psychological technique. It's easier to commit yourself to cost average than it is to commit yourself to a lump sum investment.
On the most basic level we don't actually know who is buying and selling Gamestop stock. The narrative that the little people have taken down the elites may in fact be mostly false. Matt Levine talks about this in his latest column [1]. The restrictions imposed by RH didn't necessarily stop the buying.

[1] https://www.bloomberg.com/opinion/articles/2021-01-29/reddit...
Oh, I do. I keep loads of FLACs on my computer. I even keep songs downloaded from YouTube before they got taken down. :) Is this really that uncommon with the enormous amount of storage capacity you can get for cheap these days? I even store TV series and movies. My line of thinking for this is: "what if they get 0 seeders and I will not be able to download them anymore?!". If I had an account to one of those streaming services, it would be: "what if my account got disabled/suspended for some reason?", or "what if their servers die?", and so forth.
"Easily" is a subjective claim. You can read the congressional testimony of Harry Markopolos from the Madoff scandal, where he explicitly says that SEC is hobbled because regulators do not have the werewithal to attend these hob-nobbing conferences. I am not in the finance industry, so my sources can only be public documents.

https://www.fraud-magazine.com/article.aspx?id=313
140% short interest is illegal? Are you sure?

The answer is no, it is not illegal.
It feels disingenuous for you to not mention a disclaimer that you're invested in GME.
You repeatedly posted flamewar comments in this thread. We've had to ask you before not to do this. We ban accounts that won't stop doing it. Please don't do it again.

https://news.ycombinator.com/newsguidelines.html
Bigotry
I'm not a big fan of Dollar Cost Averaging. If you have a lump sum amount you were going to invest, do it fully at once and let all of the money work. If you divide it and invest over a period of time, you are (1) letting the un-invested money be idle. (2) chasing a market downturn to invest the rest in hopes of "averaging down". Remember, market goes up more often than it goes down, so you will likely end up increasing your cost basis than if you had invested at once.
>Main street (retail investors, taxpayers) have had enough of this, and a lot of anger is directed at institutional investors for always getting the easy money and the bailouts at their expense. They want to see the game applied fairly, such that when the bets go sour, they go bankrupt and don't get bailed out like in 2008. In the 2015 CHF forex crisis, many brokers went bankrupt overnight. That's what should happen to Melvin, and to anyone who takes the stupid risky bets that don't work out.

Hedge funds mostly invest client money, not their own. Yes they take pretty hefty fees but they're trying to make money for their clients, who typically are main street.
Remember when browsers did one thing and one thing well? Chrome is slowly becoming an operating system and less of a browser
"Babies under 1 year old and children with certain underlying conditions may be more likely to have severe illness from COVID-19."
Zero risk?
Capitol Hill, a leader did a conference, & then followers had intentions to change the result of election (rightly or not).

Delhi Protest, nobody was even talking about any election results, there was no elections, there was no intentions or talks about changing the power to different hands/party/leader.

Only Extremist Hindus are not losing any freedom. All Other religions, castes, minorities, poor people are under constant attack in this BJP Rule, be it Beef Lynching, Cow Transporter Lynching, Valentine Beatings, CAA, NRC, JNU, Kashmir & many others.
From my point of view, this is exactly the point. Among all of the physical and mental pain and misery this virus inflicted, it also deepened the chasm between people who were already doing pretty well...and everyone else.

Several people in this thread are commenting that "well of course staying in the market is the smart thing to do since stable savings instruments don't pay for shit!"

Yeah, and that's the problem. In just thirty short years, we've gone from pension plans and savings rates that might actually leave you with more purchasing power than you started (when considering inflation) to...better gamble it all in the stonkz. So much money has been put into stock market-based retirement funds (401k, IRA, 403b, and so on) that the stock market, which used to be for large institutions doing large institution things, cannot fail because it will sink everyone with it.

And yet, the stock market has become so detached from the economy at large precisely because of that yawning gap getting even larger. For those of us who can stay home yet still earn our massive salaries of which we are now spending a fraction, we have huge stacks of cash just looking for somewhere to sit. For the first time in a decade, the average American's savings rate has increased, because consumerism ground to a halt.

Yet for those who lost their jobs--because that consumerism failed--or who go out and risk infection because that's the only way to draw a paycheck, they are even more screwed. We've left our society with no stable way to save and no mechanism to provide for ourselves except ever-increasing spending relying on the wages and efforts of an ever-gigified economy.

That sucks.
The page you link to does admit, though, that dollar cost averaging minimizes possible downside risk.

Agreed that you shouldn't try to time the market, but it is of course possible that you invest that lump sump at a high, and then see a significant drop soon after. Sure, over time that drop will almost certainly rectify itself, but psychologically you might feel better about buying in over a longer period of time.

Living with slightly lower long-term returns in exchange for peace of mind is a perfectly valid trade off that people can choose to make.
Disclaimer: I've been trading for ~8 years but only heavily researching trading strategies ~1 year, so I'm no expert in these things.

But, unless I'm misinformed (which I'm hopefully not considering how much I've been reading into this lately), there's ~72.4m shares of GME floating around right now, but only 69.5m were issued; which would mean that ~3m are counterfeit or naked shorts, which are illegal
Not currently illegal but I'd bet good money that it will be after this fiasco
As other comments have said, this is not illegal. Matt Levine explains better than I could here [1].

1 - https://www.bloomberg.com/opinion/articles/2021-01-29/reddit...
NTFS would be a poor choice. This FS is very complex, undocumented, and without a good complete open source implementation (NTFS 3G is far from complete and wasn't updated for many years already).
Great reply - agree 100%
meh. she's been less than ideal on the Rohingya issue.
We are shuffled into a secure room – we are about to see
the legendary Rolex automated stock system. Our guide
places his eyes to the iris scanner (no lie) the doors
slide open, and what we see is downright startling.

[...]

There are two 12,000 cubic meter vaults, spliced by a
network of rails totaling 1.5 kilometers, transporting
over 2,800 trays of components per hour between the 60,000
storage compartments and the workshops upstairs.
The view is straight out of Star Wars, minus the 1970s camp.
This is efficiency defined.

Not your everyday company.

Even if you're not particularly into watches, Rolex is a really neat example of a suuuuuper vertically integrated company. They even make their own steel! Necessary? Probably not; I'm not aware that they actually accomplish some sort of magic metallurgy. But, that's no ordinary company.

In terms of things the average person can afford... if this kind of thing actually appeals to you but you can't imagine spending Rolex money...

Seiko comes close and arguably exceeds even Rolex in terms of history, innovation, and vertical integration. It's one reason why Seiko is a favorite of many in the hobby. Why does this matter? Well, for many, it's simply neat to know that every single piece of the tiny little miracle machine on your wrist came from a single slightly secretive company.

Timekeeping in general, and mechanical watches in particular, are a fascinating and vital part of human history.

(And as wristwatches are something of a solved problem, they're appealing to me on that level after fighting with the framework of the week at my day job.)
As a very large GPU miner, I'm excited for ETH2. The hardware investment can be sold off, used for other chains (with ETH1 gone, another chain will take its place as the dominant GPU chain), there is also all the upcoming fields of ai/ml/rendering/gaming and other computationally intensive workloads.

This is really the beauty of ethash being asic resistant and gpu friendly. I have so much computational power built up, that someone will always be available to buy it. It isn't e-waste. We already run on older generation GPU's because they are higher ROI, which proves that they have useful life, even as they age.
A mild virus? That's some kind of understatement.

"Babies under 1 year old and children with certain underlying conditions may be more likely to have severe illness from COVID-19."
The 98 bailout of Long Term Capital Management was pretty legendary - there were books about it: https://en.wikipedia.org/wiki/Long-Term_Capital_Management#1...

Now, granted, public funds weren't used for the bailout, in this case it was more the Fed organizing private banks for the bailout. Also, the investors in LTCM still lost a ton of money.

But LTCM is still a great prototypical example of "vacuuming up nickels in front of a steamroller", i.e. these traders can take these positions (LTCM was focused on merger arbitrage IIRC) that seem like a license to print money, except they invariably can lead to some giant risk blowup. And when they fail, they have a knack for taking down the whole financial system with them so the government has to get involved (even if it is just cajoling other bankers in a room) to bail them out.
All: this thread turned into a wretched nationalistic and religious flamewar. I've scolded and/or banned many of the accounts that did that. If you see a comment that didn't get scolded that should have been, it's simply because there isn't time or energy to read everything here, let alone respond. We're not secretly agreeing with it. You can always email hn@ycombinator.com about egregious cases.

To the commenters who perpetuated this flamewar: it's not what HN is for and we ban accounts that do this kind of thing. Please don't do it again, regardless of how right you are or feel you are, or how wrong someone else is or you feel they are. This is a site for curious conversation, not a battleground. If you're feeling warlike (including flamewarlike) rather than curious, please don't post until that changes.

https://news.ycombinator.com/newsguidelines.html
Fortunately Biden's liberal immigration policy and plan to do another $2T of "money printer go brrrr" should prop up both real estate and stocks nicely.
historical performance in equities shows that lump sum investing has beaten dollar cost averaging over almost any time period

I’m aware of the macroeconomic policies that coincide with that observation, but people will lean on those papers

In higher volatile assets or periods, dollar cost averaging is the better move, so people that come from more volatile markets are correct to lean on that
>Anyone who gets on to the latest and greatest version of macOS with hardware that’s older than five years would be taking big risks. In general (with several exceptions), the longevity of the hardware was one of the attractive factors while paying a premium for Macs (also lesser e-waste is a bonus). But deeper problems in macOS could more than offset such benefits (resulting in more cries about planned obsolescence).

This has been a problem since the advent of downloaded OS installations (complete move as of 10.7). Other software, too. With Mac OS, some portion is only a little past a beta state, and some hardware gets cut off before that same portion of the OS gets better. While I'd prefer how it used to be—an OS was largely stable and feature complete when shipped (on a disc or disk)—there's no reason for me to think that approach will ever return.
By itself, there's nothing wrong with government buying services from private companies - in fact, it's inevitable, unless the whole economy is controlled by the government, certain services will have to be bought on private markets. It is when the unique power position of the government is leveraged to give certain companies unearned advantage, and the government acts not as mere consumer among others, even if with deep pockets and special needs, but seeks to promote some companies at the cost of suppressing others, is where the trouble lies.
Notice how it says "Expected Return". The problem is that it is better "on average" to invest it all at once (and doesn't even talk about variance). But an individual is not an average. They will lie somewhere on that spectrum. I'd rather take a small hit to the expected value of my returns in order to reduce risk of being on the wrong side of that average.
there have already been so many explainers for how this shorting > 100% of float thing already happened i don't understand why it is still bandied about like it's some proof of naked shorting; it isn't.
Reasonably easy. I just need to edit the json files to include the mobile versions of the items.
Seems to me that that's a typical Japanese/Singaporean/Scandinavian problem - if it manifests in other places due to rising quality of living and high societal costs associated with offspring, I'll probably have a different set of worries.
and you believe I am because...? I'm watching this along with everyone else
They could have simply banned buying the stock using unsettled cash or margin. Instead they banned all buys and did a terrible job explaining their reasoning.
If Google removes support for Manifest v2 from Chromium, is Brave prepared to maintain it? Honest question.
Isn't the book example broken, because only one person can have the book? In shorting, it sounds like you can sell the same share to 2 different people.
Another example of Zero-Sum
Really impressive effort to avoid the garden of forking paths. I wonder if (hope that) this sort of thing will become more standard in research.
Build a Node.js REST API with Fastify PostgreSQL and Swagger Documentation
https://www.jackfranklin.co.uk/blog/software-javascript-deve...
This isn't how short selling works.

If I short a stock, I borrow the share and the sell it on the market. If I loan the share to someone else and they sell it then it is still only sold once.

In my opinion it's more likely that people were either selling naked calls (which would convert into an IOU for stock) or that people were selling shares that didn't actually exist on the open market.

I don't know enough about settlement to verify the latter claim, but there are some reports of shares taking an excessively long time to settle. Those kind of irregularities should probably be more closely investigated.
> but there's nothing illegal about this.

Is there a reason why it isn't, other than the obvious one that Wall St corrupted the US govt a long time ago through bribery (lobbying)? Eg. Biden's treasury secretary has already been bribed (colloquially called "speaking fees") to the tune of $7.2M.
The stock market is not a zero sum market. The options market is.
Please stop posting political flamewar comments to HN. It's not what this site is for. Personal swipes aren't ok either, so please omit those.

https://news.ycombinator.com/newsguidelines.html
But with all the hassle of reporting earnings and being publicly traded it would have surely been cheaper for the company to buy back those shares.
hahaha, I never noticed the confetti... maybe I blocked the javascript... but thanks.
Intelligence and Investigation Talent Moves (January 2021)
Failure of REGULATOR;

"If it moves tax it. If it keeps moving regulate it. And if it stops moving subsidize it" --Ronald Reagan (b. 1911)
> I don't think I've ever heard professional investors describe generating returns as "easy."

Well here ya go:

https://youtu.be/VMuEis3byY4

Jim Cramer openly bragging about how easy it was to manipulate the market when he was a hedge fund manager.
> GME's float. When these strategies blow up in their faces, it wipes them out completely, to the level of requiring bailouts.

Not a single hedge fund has gone bankrupt from GME, much less gotten a bailout. I can virtually guarantee you that none will. Melvin was down 53%, but still has more assets than they did in the beginning of 2020. They got an external investment from another hedge fund, but that's hardly going bankrupt, and certainly not a bailout.

Besides Melvin, not a single other major hedge fund lost more than 20% on Gamestop, let alone went bankrupt.
> I don't think that working at a startup tells you anything about starting one. You're better off listening to entrepreneurship podcast, audiobooks, youtube, ycombinator blogposts, etc.

As someone who has started 6 companies and runs a business as a tech partner for startups, I can tell you that you have it exactly backwards.

There is a huge industry of people giving entrepreneurship advice, and almost all of it is a distraction from learning and practicing the actual skills required. The least effective people I meet are the ones who can't stop reading VC blogs, podcasts, and books.

Starting a successful company is mostly two things: 1) breaking free of analysis paralysis, and 2) excellent social skills.

Great social skills result in warm leads for customers, an ability to recruit (and lead) a great team, and -- if necessary -- closing a funding round quickly.

People who spend a lot of time consuming info about starting a company are typically people who are too risk averse for entrepreneurship, which is fine! Entrepreneurship is expensive gambling, statistically speaking. If there were a way to guarantee success, VCs would make good returns (they don't) and book authors would be out starting companies instead of writing books.
Funny enough, I overheard a comic shop owner today saying he has $180k in 9 pokemon cards he had rated, and some of them are only rated 5/10.

The return on investment there leaves me at a loss for words.
I can’t believe there are many people who want to be “waited on” by servants.
I just want someone to cook and somewhere to sit and hangout with friends without needing to cleanup.
Jim Cramer is a character on TV. I would take his opinion on finance about as seriously as I'd take Saul Goodman's opinion on the practice of law.