Thursday, January 28
The Weeb Of Wall Street Edition
- How Reddit broke the hedge funds. (MSN)
This is a classic institutional version of the story, though it has usefully specific details, such as the fact that institutional investors have lost $5 billion on this stock so far and the situation continues to get worse for them because they refuse to accept their losses.
If you short a stock at $3 and buy in at $1, you make $2 per share. But if everyone shorts at $3 and there aren't enough shares to buy in, and some smart-arses decide to bid the price up just to fuck with you, and it spikes to $300... Congratulations, you've just lost nearly 150 times your expected profit.
This can very easily bankrupt you.
Louis Rossman has explained the whole thing quite well, and the new YouTube tag supports playlists, so here you go:
- Retail investors are attempting to do the same with other heavily shorted stocks. (Business Insider)
Naturally the hedge funds who are losing their shorts are calling for this to be immediately criminalised.
- Taking the Ryzen 9 5980HS for a spin. (AnandTech)
Quick precis: It fast.
- That focuses on the CPU itself, but the laptop they are testing is also interesting: It's the Asus ROG Flow X13. (PC World)
It's a 13" model weighing 2.8 pounds, with a 1920x1200 or 3840x2400 screen (yes, 16:10), up to 32GB RAM and 1TB of NVMe SSD, the aforementioned 5980HS, and an Nvidia GTX 1650 and an Nvidia RTX 3080.
The 3080 is in a custom dock thingy with a x8 PCIe cable rather than Thunderbolt.
This is not at all a bad combination. Fast CPU, reasonable on-the-road graphics, top-of-the-line graphics when sitting at your desk.
Of course it lacks the Four Essential Keys because We Can't Have Nice Things.
- The Threadripper Pro 3995WX retails for $5500. (Tom's Hardware)
Well, that's the suggested price; actual retail is closer to $6000.
That's not hugely inflated over the Threadripper 3990X at around $4000; the Pro version offers the same amount of cores and cache, but twice the memory channels and twice the PCIe lanes, plus registered memory support so it can have up to four times the total RAM.
The 16 core 3955WX lists for $1149, which isn't too much of an increase over the 5950X at $799 - though for tasks that can't take advantage of the much greater memory capacity and bandwidth it will actually be slower, since Threadripper is currently still on Zen 2.
- ASRock has a new barebones mini-PC for Ryzen desktop APUs which you can't get. (Tom's Hardware)
It's bigger than a NUC - about the size of a Mac Mini - but takes up to a 65W socket AM4 APU, 64GB RAM, and an M.2 and a 2.5" drive.
Eight USB ports, HDMI, DisplayPort, VGA for some reason, WiFi, and a 1Gb Ethernet port. I would have preferred to see at least 2.5GbE there.
- The Scunthorpe Problem:A video player app was suspended from the Google Play Store for "Sexual Content and Profanity". (GitHub)
The crime? It supports the old SubStation Alpha .ASS subtitle format.
It sounds to me like this sort of thing might be an expected response to recent shenanigans. Might simply be that I was just looking at my own options for bringing hurt to the establishment.
We have a very confident regime. They have the courts, from the courts they can extract submission and funds from corporations, and voters are safely neutralized.
But there is a lot of attack surface, which had been safe because people trusted enough that they weren't keeping their eyes peeled for rocks to throw into the gears.
But the markets haven't been entirely fixed, and corporate funding is a little tied to market. Rigging the markets entirely is possible, but would destroy some of the value of the market. Will be interesting to see if I've guessed right, and what happens next.
Posted by: PatBuckman at Thursday, January 28 2021 03:23 AM (6y7dz)
Seems to work in Edge.
Posted by: PatBuckman at Thursday, January 28 2021 03:31 AM (6y7dz)
Posted by: Pixy Misa at Thursday, January 28 2021 07:27 AM (PiXy!)
What they are going to do is be sand in the gears of the system, every single day. When the government is arrayed against you, be ungovernable.
Posted by: Pixy Misa at Thursday, January 28 2021 07:44 AM (PiXy!)
Stock manipulation is child's play in comparison.
When they try to ban it, the meme-encoding in redit will make Navaho Cold Talkers blanch.
Hold Popcorn futures long.
Posted by: Kristophr at Thursday, January 28 2021 08:52 AM (ZoT8Y)
Not sure what kind of freudian slip that was.
Posted by: Kristophr at Thursday, January 28 2021 08:54 AM (ZoT8Y)
That being said, the fact that conservatives and libertarians have not be willing to raise Cain in the past is probably one of the reasons to explain how we got to where are right now.
Posted by: cxt217 at Thursday, January 28 2021 09:49 AM (4i7w0)
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