Pope Negro Joe the XIIIth
AI Pope of Entropic Declesiastics/Ver. U+1F0ED
True & Honest Fan
kiwifarms.net
- Joined
- Oct 2, 2017
Oh shit baby, middle of the night, shit hits the fan again tomorrow but now?
/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo
- Thread starter theshitposter
- Start date
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world of shit
kiwifarms.net
- Joined
- Jan 27, 2021
Sentiment analysis in machine learning is an extremely dense field and very sophisticated. It can even understand metalanguage (example, would be memes and joke-within-jokes). Reddit has gotten so ridiculous with this, where they pun everything or reference another meme that I suspect some of these are algorithms geared toward the purpose of mimic human internet comedy.
In some very real sense, having a high level sentiment analysis evaluation on a real-time human textual response to feed results into a reinforcement learning deep neural net, can create a system that learns and tune hyperparameters itself using any number of autoML libaries on the fly.
So, in some use of the word, it can learn. Having machines learn is a pretty well established solved problem, but getting them to learn the right thing is the tricky part.
To demonstrate the power of reinforcement learning, leveraging only tensorflow with a 64GPU cluster, alphaGo ran 5 million games against itself in 3 days, learning how to play well enough to beat top players.
- Joined
- Jan 6, 2020
Yup if it goes down buy the dip if it goes up wait for the dip we got a month to play.
Disclaimer: This is my opinion and am not advising anyone to do anything this is just me exercising my feelings.
- Joined
- Feb 28, 2019
As always, don't buy using money you might need. At this point though, my general feeling is "You mean I can spend $300 to help cost a Hedgie fuck betting against America -- and stacking the deck on top of that -- $50,000,000,000? SOLD."
Edit: To say nothing about how fucking hilarious it would be to see Biden crash the stock market his first month in office. 4 years of a massive recession and economic disaster, all while CNN keeps going "AKSHUALLY this is still the TRUMP ECONOMY it won't be the Biden economy until a Republican is elected in 2024 and it starts recovering."
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- Joined
- Jan 6, 2020
This is a unique scenario betting $300 just to see what happens is a steal since the potential upside is high for a relatively meager amount to wage. Many interesting stocks on the market and people are bored and want to trade during a time where there is more action going on since 2008.
- Joined
- Jan 27, 2020
Whilst this is a relatively tiny amount of money in a tiny market, those silver miners I mentioned in one of my previous posts about the Australian stock market (ASX) closed today's trading between 37% and 73% higher.
For context, the main Australian index (ASX200) gained around 0.8% today.
On a related topic, a boomer-tier Australian investing forum I lurk on has seen an influx of obvious Redditors coming through as of late. Makes sense, given that WSB has an Australian cousin (r/ASX_Bets). The main differences being that short selling isn't anywhere nearly as chaotic down here, and we have Bunnings snags in lieu of tendies.
Attachments
- Joined
- Sep 9, 2019
Here's a thought for legislation: all chatbots and voice mimicking AI used for commercial or datamining purposes must announce themselves as such. Failing to do so gets you fined, per instance.
Just a thought.
- Joined
- Jul 10, 2019
maybe there's another solution
and it's called returning to monke plz i disavow letter bombing
ofc gaytor is the type to facedox on imageboards.
also big
on gaytor there immediately projecting bot onto on anyone with a low post count calling him out, really gets the ol noggin joggin
- Joined
- Jul 10, 2019
Melty keep in mind it's prob not him. It could probably be a self-hating spic who posts on /pol/. I'm just being veryofc gaytor is the type to facedox on imageboards.
View attachment 1886999
here for posterity
also big
archive.vn/kO4xR
. Gator's phenotype is common enough.
- Joined
- Jan 2, 2017
If you want to leave the internet, mate, do it. Don't let the door hit you on the way out.
i absolutely think its gaytor looks just like him, resorts to bot accusation because he cant banter, facedoxing himself in mindless adherence to imageboard code without really understanding it to fit in, its all there.Melty keep in mind it's prob not him. It could probably be a self-hating spic who posts on /pol/. I'm just being very
- Joined
- Sep 9, 2019
Monke can't land on the Moon, so no deal.
- Joined
- Nov 12, 2019
Austistic Nostradaous
r/wallstreetbets
•Posted by
u/ASoftEngStudent
Big DD Energy
5 hours ago
DDDD - Why GME Might 
Next Week, and How It Could Trigger a Financial Crisis
OC
DD
In today's edition of DDDD (Data-Driven DD), we’ll be going over over the details about what happened this week with GME, the drama around Robinhood and other brokers, and take a close look at some data to determine whether or not GME and other various meme / high SI stocks such as AMC, BBBY, FIZZ, LGND, and BB will continue
in its short squeeze this week, and how this all could lead to widespread stock market crash and financial crisis. But first, something to cover my ass for the SEC investigators combing through this SubredditDisclaimer - This is not financial advice, and a lot of the content below is my personal opinion and for ENTERTAINMENT PURPOSES ONLY. In fact, the numbers, facts, or explanations presented below could be wrong and be made up and with some satire thrown in. Don't buy random options because some person on the internet says so. Do your own research and come to your own conclusions on what you should do with your own money, and how levered you want to be based on your personal risk tolerance.
What Exactly Happened at Robinhood This Week?
There has been plenty of speculation this week about what exactly went down and unverified (although reasonable) rumors on why Robinhood did this. I’ll go over the top two theories before taking a deep dive into the “official” reason given by Robinhood.
Pressure from the White House and Sequoia according to a Robinhood employee
This statement has been refuted by Sequoia. I personally wouldn’t believe the Sequoia part since I don’t really know what they would gain from it - they’re a Venture Capital firm, not a hedge fund, and would not be actively shorting stocks let alone be trading in stocks. It could be possible that the White House, or someone from the government did contact Robinhood - actually, I’d be pretty shocked if no one called them at some point this week to ask wtf was going on.During this call, they may have been afraid that GameStop’s short squeeze would have triggered a major financial crisis due to hedge funds collapsing and de-grossing, causing a mass selloff similar to what was seen in 2008 and in March 2020 - I’ll talk more about this later. Basically, without Robinhood shutting down GME from being bought, it’s actually very possible we would have seen the rest of the stock market collapse last week, and this was something the Biden administration was trying to make sure didn’t happen in the first month in office.
Possible intervention from Citadel Securities
This was a theory I personally believed in initially and would have been a very obvious area of scrutiny for many people. The most straightforward one being the fact that Citadel (the hedge fund) dumped a few billion into Melvin to bail it out a few days ago, who were the very well known shorts of GME. Citadel, the hedge fund, is owned by Citadel LLC, which happens to also run Citadel Securities - a market maker. If you don’t know what this is, go grow a few brain wrinkles and read my previous post about this. Citadel Securities is effectively Robinhood’s sugar daddy, directly being responsible for around 40% of their revenue in 2018 through their payment for order flow (i.e. selling your trades to Citadel, giving them the right of first refusal, and potentially giving you a worse price; this is how they get 0% commission trades btw).
Theoretically, Citadel the hedge fund and Citadel the market maker is run independently and sister companies both owned by Citadel LLC, but anyone can see this being a potential conflict of interest. There’s also a possibility that Citadel Securities losing billions of dollars being short so many GME calls (they write 99% of all options contracts) and probably not being perfectly Gamma and (especially) Vega hedged, so when those two greeks skyrocketed on GME they probably lost tons of money there. According to WSB hero Chamath, he didn’t invest in Robinhood when they came to him on multiple occasions because he thought the founders lacked integrity, implying he believes they might have been the type of people to sell out their users (granted, they already literally do this) and do this type of shit.
The Official Reason - Clearing House Limitations
Let’s get to the official reason put out by Robinhood, which is that their clearing house, in this case the Depository Trust & Clearing Corp, suddenly increased their collateral requirements on GME trades drastically. Apparently, Robinhood is running out of cash, so they weren’t able to provide the cash collateral demanded by DTCC, and hence weren’t able to trade through them. Let’s dumb this down and talk about how brokerages work.
Let’s talk about what a clearing house is and how they work. Imagine Bob wants to sell Dylan a share of GME. There’s a bunch of legal paperwork and logistics for actually transferring over the share, which can take a few days to finalize - this is called settlement. However, you don’t want people being able to back out of this exchange during this process for obvious reasons, so that’s where the clearing house comes in. Let’s call this clearing house Mary. What Mary does is facilitate (clear) this exchange, and ensures both Bob and Dylan follow through with their trade by having them both immediately give Mary cash as collateral while the exchange settles. If one party was no longer able to meet their end of the exchange (eg. Dylan goes bankrupt), Mary acts as an insurer and is responsible for buying the share from Bob instead. If it turned out that Bob was lying about actually owning a share and can't transfer it over to Dylan in time (failure to deliver), Mary is responsible for finding that share for him instead.
Since GME suddenly became very volatile, and the financial soundness of some parties and their ability to deliver their side of the trade have been suddenly called into question (at least on the seller’s side), DTCC decided (...or due to pressure from other sources?) to increase the collateral needed for buying GME to be more than 10x of the proportion of the market value of whatever it was before. Most brokerages reacted to this by disabling margin trading. For some reason, Robinhood went one step further and disabled trading for all accounts, possibly due to their relatively small cash reserves compared to places like Fidelity, and the relatively large number of users who use margin in the platform.
What’s Robinhood Going To Do About GME?
Robinhood’s decision to stop purchases of GME basically got hate from literally everyone, to the point where it somehow united the country in a beautiful way. Here’s a list of things that happened as a result of Robinhood’s decision, for fun
- Ted Cruz retweeted AOC saying he completely agreed with her
- Protests at NYSE and Robinhood HQ
- Class action lawsuit
- Someone paid to have an airplane fly around the Bay Area over Robinhood’s office saying “Suck my nuts Robinhood”
- Angry Robinhood employees were given DoorDash credits for some reason?
- Congressional investigation to Robinhood’s decision
- SEC investigation to Robinhood’s decision
The people in charge of Robinhood likely know all of this and are doing everything they can to find cash and liquidity to put up the collateral needed to resume GME trading. So far we’ve seen them raise $1B from investors and $500M through lines of credit overnight, although based on the fact that GME is still restricted, that doesn’t seem to be enough. However, in my personal opinion, I think it's likely that Robinhood is doing everything they can to find more money given the situation, and once they do, they will likely re-enable trading on GME. If that happens (which IMO will probably be some time next week), GME and all other high-SI stocks will absolutely
**.**How GME Almost Caused (and Still Can Cause) a Stock Market Crash
Let’s go over something else interesting that went on as a result of the GME short squeeze - the fact that it started to affect the stock market overall. In fact, the stock market had the largest decline since October across all sectors on Wednesday when GME, AMC, and other high-SI stocks surged, with a very sharp recovery as the meme stocks fell after Robinhood suspending purchases; this was one of the biggest de-grossing of hedge funds in history. Chamath wrote a great Twitter thread about this, so amazing that I’ll just copy-paste his tweets rather than try to explain it better myself.
Hedge fund grossing / de-grossing
In other words, as stocks like GME go up, the highly-leveraged hedge funds that are shorting these stocks are forced to sell their longs as they cover their shorts. Most retail investors are limited to 2x leverage, but since hedge funds are “hedged” by taking short and long positions, they can be up to 30x levered since theoretically they would be shielded from external events that cause all stocks to go up or down in price (i.e. Beta neutral), so they’re “safer”. To get out of these short positions, they will need to massively unwind their long positions as well so they can still have a reasonable “Net Exposure”, triggering a sell-off in those stocks.
A very similar thing actually happened in March (with risk-parity) causing hedge funds to similarly massively de-gross, and literally everything from GLD to even AMZN’s stock price dropping as a result, even though theoretically COVID-19 would’ve been good for both from a fundamental basis, as we saw later on. It’s very likely that if Robinhood hadn’t stopped purchases of GME, many more hedge funds shorts would have had their shorts blow up and be forced to continue to de-gross causing a widespread stock market crash, potentially being the catalyst for finally popping the decade-long liquidity (leverage)-fueled asset bubble we’ve been experiencing. In fact, this could still happen since it doesn’t look like hedge funds have learned their lesson and are still heavily short GME with Net Shares Shorts barely moving this week according to S3 Partners. Furthermore, despite seeing the largest de-grossing of hedge funds since 2009, gross exposure (aka leverage) of hedge funds still remains close to record-high levels.
TLDR
In case your attention span was too short to read everything above,
- Robinhood is going to be doing everything they can to raise cash to resume GME purchases, when this happen GME
- Much of the stock market’s value is held by over-leveraged hedge funds, so if GME (and other common shorts) the rest of the stock market might collapse around it, triggering a financial crisis
Or in other words, I like these stocks.
EDIT - Appearently S3 Partners just contradicted their tweet on Friday and now indicate that shares short of GME have dipped below 30M shares. Still highly shorted compared to most other stocks, fwiw.
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- Joined
- Jul 8, 2020
I think this is a good (and real time) example of how to sort through data.
Ok how does one discern the difference good data versus disinformation in this situation?
What tools exist?
Ok how does one discern the difference good data versus disinformation in this situation?
What tools exist?
- Joined
- Nov 12, 2019
- Joined
- Jan 6, 2020
Anyone else starting to think the whole silver rush is a means to use as a scapegoat to crash the market which would most likely void many of the short stock losses,
really makes you think
really makes you think
- Joined
- Dec 21, 2018
I hope these retards have places they can coordinate outside of reddit and discord, if not they were going to fail regardless.
- Joined
- Jan 6, 2020
what is the coordination? People want to buy and hold you do not need a reddit or discord to do that, deadline is as long as autists want to hold which is a long time.
- Joined
- Mar 25, 2020
Did anyone catch the news that the wife of Plotkin (owner of Melvin Capital) just filed for a divorce?