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SydneyCarton

Burnt Ends
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Posts posted by SydneyCarton

  1. 1 hour ago, Francisco 2.0 said:

    MAGA snowflake example #4612

     

    https://www.politico.com/news/2024/04/24/devin-nunes-trump-media-stock-congress-00154054

     

     

     

     

      Reveal hidden contents

    Wall Street professionals, meanwhile, have raised concern about the prospects of the company’s money-losing business while traders have rushed to bet against the stock, a practice known as short selling.

    Nunes asked the lawmakers to investigate the trading in Trump Media’s stock and “whether any laws including RICO statutes and tax evasion laws were violated, so that the perpetrators of any illegal activity can be held to account.” He said “a thorough and expeditious investigation” should include collecting trading data from the SEC’s massive trading database known as the Consolidated Audit Trail, the Financial Industry Regulatory Authority and the clearinghouse for U.S. stock trades.

    Spokespeople for Jordan, McHenry, Smith and Comer did not immediately respond to requests for comment.

    Nunes is particularly worried about a specific and illegal type of short-selling activity known as “naked short selling.”

    Typical shorting involves traders borrowing shares that they then sell into the market before buying them back later — hopefully at a lower price to collect the difference. But naked short selling entails never borrowing the stock to start, a far riskier practice.

    Last week, Nunes alleged in a letter to Nasdaq CEO Adena Friedman that there was “potential market manipulation” in the company’s stock from naked short selling. A Trump Media spokesperson did not immediately respond to a question on whether the company has reached out to the Securities and Exchange Commission on the issue.

    Fears of naked short selling ballooned among individual investors throughout the pandemic, as day trading became a favorite pastime for many. But there is “no way to ascertain” using public data whether naked short selling is occurring in a stock, S3 Managing Director Ihor Dusaniwsky told POLITICO last week.

    Trump Media’s complaints have not been well-received by the financial community. In both letters over the last week, Nunes has named four trading firms as being particularly active in the stock — including GOP megadonor Ken Griffin’s Citadel Securities. Each of the firms usually handles a substantial amount of individual investors’ trades on a given day.

    A spokesperson for Citadel Securities fired back at the Nasdaq letter last week saying, “Devin Nunes is the proverbial loser who tries to blame ‘naked short selling’ for his falling price.”

    Trump Media spokesperson Shannon Devine responded with a statement saying Citadel Securities is “a corporate behemoth that has been fined and censured for an incredibly wide range of offenses including issues related to naked short selling, and is world famous for screwing over everyday retail investors at the behest of other corporations.”

    Citadel Securities did not immediately respond to a request for comment about the latest letter.

     

    And here's the link to the letter (PDF)

    Snowflake or not, the stock is holding steady in the mid-30's now. Another few days and trump gets another huge chunk of shares, which he can sell off. He'll probably make a nice 1-2 billion on this when he cashes out ASAP. 

  2. 6 minutes ago, Goredho said:

    Guys, he's going to revolutionize cloud computing with his intardnet of shitty things.  What could possibly go wrong with the world's first completely decentralized and fully mobile data center?

    https://www.theverge.com/24139142/elon-musk-tesla-aws-distributed-compute-network-ai

    Elon Musk wants to turn Tesla’s fleet into AWS for AI — would it work?

    Musk, who loves to riff on earnings calls, compared the unused compute power of millions of idle Tesla vehicles to Amazon’s cloud service business. If they’re just sitting there, he mused, why not put them to good use to run AI models? (Also, have you ever really looked at your hands? No, I mean really looked?)

    “There’s a potential... when the car is not moving to actually run distributed inference,” Musk said. “If you imagine the future perhaps where there’s a fleet of 100 million Teslas and on average, they’ve got like maybe a kilowatt of inference compute. That’s 100 gigawatts of inference compute, distributed all around the world.”

    So, to summarize, you buy a Tesla. It’s your property. But Musk wants to freely use the unused compute power in your vehicle for... something? Possibly AI-related? Hopefully not the blockchain. (Tesla is an AI company now, by the way. Musk said so himself during the call.)

    I honestly can't believe this guy is on an earnings call citing plot points from fucking Silicon Valley. 

    • Hook 'Em 2
    • Haha 5
    • Rage+1 1
  3. 2 hours ago, Getafix said:

     

    - Gerry says he has Dakorien Moore @ 51% to Texas, and then adds - quite seriously - he could "go to 52% or 53%"

    - Bobby's reaction, when he hears that, is ... all of us 😂  😂  😂 

     

    image.thumb.png.751a8e50ae323e0504fce6b7fc476d51.png

     

     

    - Also, Bobby said that as of now, none of Guilbeau, Barron or Jordan is expected to enter the portal

     

     

    Good. Id have taken Austin Jordan over what Ive seen from Brooks regardless. 

  4. Just now, Captainant said:

    I think it's that they need more than one angle of attack to take out such a heavily defended target as the Kerch bridge. ATACMS is a ballistic missile that comes in at mach 3 or 4 out of the stratosphere, Storm shadow/Scalp are stealthy sub/transonic coming in low, and the MALDS decoys can add even more chaos to the scope of an ivan air defense operator. 

    I'd bet a dollar that Kerch isn't standing by summer. If Ukraine can cut that lifeline it will completely change the complexion of russias impending offensive 

    While I tend to agree that it doesn't bode well for the Kerch Bridge, I'm simply poiting out the flaw in the concept that the Storm Shadow is better. If it was better, then why the fuck is the Kerch Bridge still standing? And that's not a critque of 956, I'm just saying that clearly some component was missing before, otherwise that Kerch bridge would already be toast. 

    Here's to that mothefuker going boom soon. 

    • Hook 'Em 1
  5. 14 hours ago, 956 Worldwide said:

    Storm Shadow/Scalps are better for the Kerch Bridge. 

    Theyve had Storm Shadows. And they haven't gone full out after the bridge yet. By this logic, either they didn't have enough storm shadows to do the job, or didn't want to waste them on the bridge etc. That means either the ATACMS they are getting now can/will be used on the bridge, or they don't deem the bridge valuable enough to waste on ATACMS. 

    • Hook 'Em 2
  6. 2 hours ago, ztejas said:

    Is it trendy for rich people to overpay for salsa?

    The Julio's Serrano salsa rec'd upthread is like $5 for the same quantity.

    Well, most standard jars are the same quantity. That’s sorta how it works. If you were attempting to say quality, well, you haven’t tried both items, so you’re not qualified to make any claim. 

    1 hour ago, Etexhorn13 said:

    Pretty sure I bought this at that Heights farmers market a while back and can confirm this shit is delicious. 

    Yeah, that’s where I got it. Of course it was 8 bucks for the super big jar at the time, but it was good enough that I occasionally still buy a jar. 

  7. 7 minutes ago, irishtexan said:

    So they've got like 100 messican abuelas grinding down fresh ingredients in molcajetes in some sweat shop in Houston? 

    I first found it at a farmer's market by my house. Shit's some of the best salsa I've ever tasted. Turns out it's a dad who wanted to teach his girl how to start a small business. It sorta blew up, and now you can get it in select stores in Houston.  He absolutely has videos of him making massive batches of this stuff in his home kitchen. 

  8. 2 minutes ago, Burt Macklin said:

    @HtownHorn exists, sir. 

    And Bobby Batronic. But I just skimmed the last few pages, I wasn't willing to do an onerous search. Additionally, some sacks of hammers like realgreggygym don't have avatars. Ditto BillFromLakeTravis, who has had some epically bad takes the past few months. 

  9. Just now, Woland said:

    I had to look this one up. They are filled with sand and used to contain potential bomb explosions.

    So what, they find a bomb that happens to be someplace easily accessible by a dump truck, and then they dump sand on the bomb? Or do they simply drive them near a bomb, and then some cops grab the bomb and then bury it in the sand in the back of a dump truck?

    The answer is actually creating more questions for me. 

    • Haha 2
  10. I feel kinda bad about putting old LTX up there, but the pictoral needed more images. 

    Just now, tokamak said:

    Is Tacario Davis even in the portal? Just some quick Googling brings up articles about him still being with Arizona this spring.

    He's got till April 30th to enter the portal. 

    • Haha 1
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