Wow, amazing to me that is still around. What's the digital equivalent of putting it under a glass case to preserve for posterity? That is a piece of history.
Or you could look at the bright side and celebrate all the things we know, instead of living in the darkness of 3,000 years ago.
Or, if you want to go new age, just have "faith" in the singularity, life extension, cryonics and postulate that the probability is that you'll be immortal.
But what if you *ARE* the broker and interface directly with the DTCC? Or a large hedge fund generating such a large percentage of the broker's profits, they look the other way?
We're talking big time here...
I've posted a vid below, before you renounce it as obsurd, you may want to watch it. The vid having educated me when I used to think naked shorting was just a bunch of whining, I think it's worth it - though it's about 80 mins.
I agree completely. Though, I think it _may_ have played some kind of role in bringing down the shares of the financial brokers faster than anyone thought could happen, causing ripple effects throughout the economy and the massive margin calls we're seeing. Though I admit it's just a theory and could be wrong. The actual root cause was likely cheap money and lack of oversight.
Dividend yielding majors are rarely the subject of these attacks. New companies with small market caps are typically the victims. The major exception is the recent financial crisis where banks are supposedly falling victim to these acts. It is much easier to naked short a financial institution if they've (for example) slashed or eliminated their dividend to conserve cash - this is exactly what's happening now and why the shorts are attacking financials. (Or so the theory goes)
Naked shorting is and always has been illegal. It is difficult to enforce, because you've got to show someone's intention - so my guess is that the SEC doesn't even bother.
Naked shorting sucks monetary liquidity from the market, it does not provide it.
For those that are interested in exactly what naked shorting is, here is an EXCELLENT explanation of what it is and why it's bad. I believe this is Patrick speaking on the topic. I highly recommend it for anyone interested in the topic, stocks in general, or the financial crisis we're paying $700B for, if you're willing to spend an hour or so learning about it. It gets into the nuts and bolts technicalities and doesn't question the viewer's intelligence. (I'm not affiliated with it in any way, but was simply impressed with it when I watched it a year or two ago)
Bad idea. So I can take as much short interest as I want up to infinity and that would be legally ok? Hmm, if that were the case, I could drive every stock down to zero then not worry about having to locate stock, because of the abundance available due to those getting margin calls.
A much better solution is to actually monitor the naked shorting occurring in the marketplace and enforce prohibition of the tactic. Stay tuned - the music has stopped on Wall Street and everyone is looking for chairs. Those who haven't paid off their powerful politicos enough will see the finger pointed directly at them. I'd think this is coming up pretty soon (unless they've all paid enough money into the political extortion fund... err, coffers).
Naked shorting is dirty, crappy stuff and those that engage in the practice should rightfully be put in jail. Unlike "normal" shorting, it does absolutely nothing for a society or market other than enrich the criminals perpetrating the crime. It puts small businesses (like overstock.com) out of business. It's just getting real attention now because ironically, the largest perpetrators of naked shorting (read: financials) are now becoming victim of their own practices.
(It should be noted that I'm a capitalistic heathen most of the time, but this naked shorting really is dirty pool)
Yes, your unfamiliarity is due to today's modern banking system, which is not backed by gold. We haven't had many since we've left the gold standard (I can count one in the 1930's - and that was due to a stingy central bank that didn't take the kinds of drastic measures (i.e. $700B) which are required in a credit crisis).
The gold bugs will insist that having gold as a standard somehow makes the economy more stable, but the exact opposite is true. Take a look at the number and severity of the "panics, recessions, and depressions" prior to going off the gold standard (as in 1873) and after the gold standard. That is clear evidence gold sucks as a backing for currency.
Yeah, this financial crisis sucks, but I would (perhaps literally) head for the hills if we didn't have a fiat currency system today.
Open devices win - I'm surprised Jobs has not learned this by now. The iPhone will be getting trounced in ~1 year or so, just like the Apple computer did decades ago.
("Sarah Palin") returns no results for me, but (palin Wasilla) returns quite a few, including many with the term "Sarah Palin" in them.
Any thoughts?
Yeah, I know exactly why this would be the case. Their search algorithm sucked back then (relative to now)... despite the fact that it was miles better than anything else.
Remember when using alta vista, webcrawler, etc and EVERYTHING was a Boolean search (usually of way too many 'NOT's.
Good points. I honestly was not aware of the tests between IBM and Linden, and only had a vague knowledge of OpenSIM.
I don't know what the heck they're doing then. Google typically embraces openness, I'd be really surprised if they're reversing themselves on this project.
The actions of those in NATO, etc were not done *for the express purpose* of pleasing God; this is in diametric opposition to the "Muslim fundamentalists" whose actions are taken to create a "Muslim" world. But yes, I could've been a little more precise and pointed out that the vast majority of mulims do not subscribe to violence in the name of their religion.
As for the rest of my comment, I suggest you reread and pay attention to all of it, not just the quote you selected.
hehe, pretty awesome job whoever you are. One of the few offtopic, trollish ACs that manage to get regular responses to the posts.
You're gonna have to get some new material soon though - I've seen this a bunch of threads now.
Maybe you can do a sequel of "what if the majority of people were Muslim" or "what if the majority of people were Ass Clowns that like to post repetitive shit on/. articles". I'm sure there are many more options... I sure do prefer these to the shit eating posts.
Though I'm not really sure it'll work, this actually might make a bit of sense - or at least more sense than simply creating a competitor to second life where you can't build objects.
It's like an open version of ps 3's home.
My goodness, imagine the hardware requirements for this thing... and without any foreseeable return on investment? I guess if anyone can do it, it would be Google.
Chinese currency is still pegged, despite what the uninformed post below says. It trades within a range, but is still mightily "managed" by the Chinese government and is likely at least 15-20% below true value, if not 25-50%.
China cannot sustain an undervalued currency forever, for a number of reasons. I'm not saying you should liquidate your stocks and put everything in it, but along with stocks, bonds, gold and silver, Chinese currency has its place. And is likely the safest asset class out there.
That's the contemporary meaning, but when Mohamed conquered Mecca he demanded only that the pagan idols be destroyed and spared the lives of everyone in Mecca. There are also other examples of his policies of not killing innocents, regardless of religion.
Constantine loved Christianity because it was so organized and used it to conquer and kill. My theory is that Islam is in a similar "teenage years" type of angsty mood. But yeah, in the mean time we need to get to them before they can get to us.
The Hebrew verb originally used is generally considered to be interpreted by "murder" (too lazy to look up a reference, but I've heard it a number of times) - so it is thou shalt not murder. No large scale social framework could function for a long period of time without the ability to kill. I guess you could point to certain eastern religions like the Jains as having functioned, but they generally get their asses handed to them throughout history.
It's the difference in interpretation of exactly what "murder" is that determines the destructive societies from the constructive ones.
Funny thing is that Islam has an even stronger moral code against killing innocents than Christianity, yet they are the ones which have the least problem with targeting purely civilian populations.
Perhaps this goes to show that it's not necessarily what your holy book says literally, it depends on who your contemporary religious leaders are.
Buy some Chinese currency. That's an asset that is guaranteed (as much as any investment can be, that is) to hold and likely increase its value relative to the dollar.
What applications are you supporting on your helpdesk? Find out who owns them and apply for those jobs. Then you'll have both technical and hands on expertise on the application, something the hiring manager in the company would kill for.
Slashdot Mirror
Wow, amazing to me that is still around. What's the digital equivalent of putting it under a glass case to preserve for posterity? That is a piece of history.
I fsck'd it before it was famous :)
Or you could look at the bright side and celebrate all the things we know, instead of living in the darkness of 3,000 years ago.
Or, if you want to go new age, just have "faith" in the singularity, life extension, cryonics and postulate that the probability is that you'll be immortal.
But what if you *ARE* the broker and interface directly with the DTCC? Or a large hedge fund generating such a large percentage of the broker's profits, they look the other way?
We're talking big time here...
I've posted a vid below, before you renounce it as obsurd, you may want to watch it. The vid having educated me when I used to think naked shorting was just a bunch of whining, I think it's worth it - though it's about 80 mins.
I agree completely. Though, I think it _may_ have played some kind of role in bringing down the shares of the financial brokers faster than anyone thought could happen, causing ripple effects throughout the economy and the massive margin calls we're seeing. Though I admit it's just a theory and could be wrong. The actual root cause was likely cheap money and lack of oversight.
Dividend yielding majors are rarely the subject of these attacks. New companies with small market caps are typically the victims. The major exception is the recent financial crisis where banks are supposedly falling victim to these acts. It is much easier to naked short a financial institution if they've (for example) slashed or eliminated their dividend to conserve cash - this is exactly what's happening now and why the shorts are attacking financials. (Or so the theory goes)
Naked shorting is and always has been illegal. It is difficult to enforce, because you've got to show someone's intention - so my guess is that the SEC doesn't even bother.
Naked shorting sucks monetary liquidity from the market, it does not provide it.
haha! I am literally "naked shorting" right now myself - so I guess I agree with you.
For those that are interested in exactly what naked shorting is, here is an EXCELLENT explanation of what it is and why it's bad. I believe this is Patrick speaking on the topic. I highly recommend it for anyone interested in the topic, stocks in general, or the financial crisis we're paying $700B for, if you're willing to spend an hour or so learning about it. It gets into the nuts and bolts technicalities and doesn't question the viewer's intelligence. (I'm not affiliated with it in any way, but was simply impressed with it when I watched it a year or two ago)
http://www.businessjive.com/
Bad idea. So I can take as much short interest as I want up to infinity and that would be legally ok? Hmm, if that were the case, I could drive every stock down to zero then not worry about having to locate stock, because of the abundance available due to those getting margin calls.
A much better solution is to actually monitor the naked shorting occurring in the marketplace and enforce prohibition of the tactic. Stay tuned - the music has stopped on Wall Street and everyone is looking for chairs. Those who haven't paid off their powerful politicos enough will see the finger pointed directly at them. I'd think this is coming up pretty soon (unless they've all paid enough money into the political extortion fund... err, coffers).
Naked shorting is dirty, crappy stuff and those that engage in the practice should rightfully be put in jail. Unlike "normal" shorting, it does absolutely nothing for a society or market other than enrich the criminals perpetrating the crime. It puts small businesses (like overstock.com) out of business. It's just getting real attention now because ironically, the largest perpetrators of naked shorting (read: financials) are now becoming victim of their own practices.
(It should be noted that I'm a capitalistic heathen most of the time, but this naked shorting really is dirty pool)
Yes, your unfamiliarity is due to today's modern banking system, which is not backed by gold. We haven't had many since we've left the gold standard (I can count one in the 1930's - and that was due to a stingy central bank that didn't take the kinds of drastic measures (i.e. $700B) which are required in a credit crisis).
The gold bugs will insist that having gold as a standard somehow makes the economy more stable, but the exact opposite is true. Take a look at the number and severity of the "panics, recessions, and depressions" prior to going off the gold standard (as in 1873) and after the gold standard. That is clear evidence gold sucks as a backing for currency.
Yeah, this financial crisis sucks, but I would (perhaps literally) head for the hills if we didn't have a fiat currency system today.
Open devices win - I'm surprised Jobs has not learned this by now. The iPhone will be getting trounced in ~1 year or so, just like the Apple computer did decades ago.
("Sarah Palin") returns no results for me, but (palin Wasilla) returns quite a few, including many with the term "Sarah Palin" in them. Any thoughts?
Yeah, I know exactly why this would be the case. Their search algorithm sucked back then (relative to now)... despite the fact that it was miles better than anything else.
:)
Remember when using alta vista, webcrawler, etc and EVERYTHING was a Boolean search (usually of way too many 'NOT's.
How we forget so quickly
Good points. I honestly was not aware of the tests between IBM and Linden, and only had a vague knowledge of OpenSIM.
I don't know what the heck they're doing then. Google typically embraces openness, I'd be really surprised if they're reversing themselves on this project.
The actions of those in NATO, etc were not done *for the express purpose* of pleasing God; this is in diametric opposition to the "Muslim fundamentalists" whose actions are taken to create a "Muslim" world. But yes, I could've been a little more precise and pointed out that the vast majority of mulims do not subscribe to violence in the name of their religion.
As for the rest of my comment, I suggest you reread and pay attention to all of it, not just the quote you selected.
hehe, pretty awesome job whoever you are. One of the few offtopic, trollish ACs that manage to get regular responses to the posts.
/. articles". I'm sure there are many more options... I sure do prefer these to the shit eating posts.
You're gonna have to get some new material soon though - I've seen this a bunch of threads now.
Maybe you can do a sequel of "what if the majority of people were Muslim" or "what if the majority of people were Ass Clowns that like to post repetitive shit on
I don't think those events were directly related to Islam or Christianity. How do you think the events were connected to either Islam or Christianity?
You underpromise and overdeliver if you're a developer... you do the opposite if you're in marketing.
Though I'm not really sure it'll work, this actually might make a bit of sense - or at least more sense than simply creating a competitor to second life where you can't build objects.
It's like an open version of ps 3's home.
My goodness, imagine the hardware requirements for this thing... and without any foreseeable return on investment? I guess if anyone can do it, it would be Google.
Chinese currency is still pegged, despite what the uninformed post below says. It trades within a range, but is still mightily "managed" by the Chinese government and is likely at least 15-20% below true value, if not 25-50%.
China cannot sustain an undervalued currency forever, for a number of reasons. I'm not saying you should liquidate your stocks and put everything in it, but along with stocks, bonds, gold and silver, Chinese currency has its place. And is likely the safest asset class out there.
That's the contemporary meaning, but when Mohamed conquered Mecca he demanded only that the pagan idols be destroyed and spared the lives of everyone in Mecca. There are also other examples of his policies of not killing innocents, regardless of religion.
Constantine loved Christianity because it was so organized and used it to conquer and kill. My theory is that Islam is in a similar "teenage years" type of angsty mood. But yeah, in the mean time we need to get to them before they can get to us.
The Hebrew verb originally used is generally considered to be interpreted by "murder" (too lazy to look up a reference, but I've heard it a number of times) - so it is thou shalt not murder. No large scale social framework could function for a long period of time without the ability to kill. I guess you could point to certain eastern religions like the Jains as having functioned, but they generally get their asses handed to them throughout history.
It's the difference in interpretation of exactly what "murder" is that determines the destructive societies from the constructive ones.
Funny thing is that Islam has an even stronger moral code against killing innocents than Christianity, yet they are the ones which have the least problem with targeting purely civilian populations.
Perhaps this goes to show that it's not necessarily what your holy book says literally, it depends on who your contemporary religious leaders are.
Buy some Chinese currency. That's an asset that is guaranteed (as much as any investment can be, that is) to hold and likely increase its value relative to the dollar.
OOOOOO oooooooo aaaaaaaaaaaaa AAAAAAAAAH
Stupid f%^%$* monolith...
What applications are you supporting on your helpdesk? Find out who owns them and apply for those jobs. Then you'll have both technical and hands on expertise on the application, something the hiring manager in the company would kill for.
This is what I did and it worked great.