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Re:Counterfeiting Stock – Explaining illegal naked shorting ... by JumpCrisscross on Monday February 01, 2021 @05:23AM (#25987365)
This entire topic has been poorly addressed. I don’t think I’ve had stronger Gell Mann vibes on HN than I’m having with this story.
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by threedots on Monday February 01, 2021 @06:32AM (#25987734)
Seconded. The last week has been actually quite unsettling and completely changed my perception of HN.
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by twic on Monday February 01, 2021 @07:27AM (#25988041)
It absolutely didn't change my perception of HN, it confirmed it! But i'm overjoyed to see other people becoming more skeptical.
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by sidibe on Monday February 01, 2021 @07:16AM (#25987999)
Unfortunately I've also had all of this confused nonsense explained in real life to me from people I respect. I think people are bored from the pandemic and the excitement of something nefarious to rail against prevents them from looking into the facts
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by calf on Monday February 01, 2021 @08:03AM (#25988261)
What did the real people tell you? What was their explain ation
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by polka_haunts_us on Monday February 01, 2021 @03:47PM (#25993685)
It's not even Gell Mann, it's total lack of skepticism on any part of the narrative that to me at least, falls apart the moment any it is has any amount of thought put into it. Why does 140% short interest mean that all of it is done by this Melvin strawman. Why did people think all 140% of it was going to be due last Friday. Why would buying shares and holding result in Melvin going bankrupt from being unable to cover if 140% was an uncoverable amount in the first place.

I don't understand how the stock market actually works. I also don't need my Economics degree to understand that the way people over the past week have suggested it works doesn't make a lick of sense.

Re:Counterfeiting Stock – Explaining illegal naked shorting ... by oehtXRwMkIs on Monday February 01, 2021 @05:36AM (#25987450)
I looked up Gell Mann but I still have no idea what you meant by that.
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by dragonwriter on Monday February 01, 2021 @05:39AM (#25987475)
Probably a reference to the Chrichton’s “Gell Mann Amnesia Effect”: https://www.goodreads.com/quotes/65213-briefly-stated-the-ge...
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by arduanika on Monday February 01, 2021 @09:58PM (#25996990)
Maybe you've had these vibes before, but forgot?
Re:Counterfeiting Stock – Explaining illegal naked shorting ... by tptacek on Monday February 01, 2021 @12:25PM (#25990775)
Which is why we need you around!