Wallstbets (WSB) believes (who knows if they're right, I'm just learning about it) that there are still a huge number of shorts on the stock. The hedges are screaming from the rooftops, via their pals in the media, that they've covered their shorts. WSB does not believe this, and has bet against it. If they buy as much as they can and hold, they drive up the price and the short positions have to pay high interest to the brokers until they do cover their shorts, which they will eventually have to do. To cover those shorts they will have to buy stock, driving the price upward. This would be normal and wouldn't result in a huge price increase if the short was, say, 20% of Gamestop. There is evidence to suggest, at least to WSB, that the shorts account for more than 100% of the stock (through bookkeeping tomfoolery). That means that the hedges with short positions would have to buy ALL the outstanding stocks in order to cover their shorts.

At that point, the people holding the stock will be able to set the price, and that is what they are waiting for. They expect that once the shorts are actually start getting covered, the price will shoot to the moon. They call it the squeeze.

Has nobody thought this through? What's a reef going to do with 379 million dollars? At least give it to somebody who could do some good with it; the reef has zero fiscal responsibility.

I would have a hard time calling anything written by Margaret Wente 'an article'; she writes for clicks and shock value. We'd be better off calling it an editorial.

Comment: Ahh Dice (Score 4, Funny)
by Verloc on Thursday June 04, 2015 @10:08PM (#49844935) Attached to: How Much JavaScript Do You Need To Know For an Entry-Level Job?

Last week it was "How much C++ do you need to know for an entry level job"

next week it'll be "How much Python do you need for an entry level job"

Must be nice crowd sourcing your job requirements from Slashdot.
---

It was even Python. Amazing. I predict next week: Ruby.

Last week it was "How much C++ do you need to know for an entry level job"

next week it'll be "How much Python do you need for an entry level job"

Must be nice crowd sourcing your job requirements from Slashdot.

"We are not hacking because we get hacked a lot"

The 'logic' here is... not good.

I think it was more of a PR stunt for Microsoft to be able to say "there are enough people interested in Windows 10 to contribute 1 million pieces of feedback" and "we're listening to you, the computer-using community" than it is about responding properly to any particular piece of feedback.

if len(post) > 0:
        meaning = "I think too much of myself"

Shit, I could code this thing.

It only comes out 4 times a year, no ads whatsoever; each issue is filled with super interesting excepts from history alongside artwork regarding one subject. Lewis Lapham is a former editor for Harpers, which I would read on occasion. It's the only magazine that I buy regularly, and have for several years.

Because every once in a while the temperature rises a little more than usual and the frog notices.

try this

http://www.prnewswire.com/news-releases/topcoders-open-community-challenge-process-yields-970-fold-increase-in-speed-for-big-data-genomics-sequencing-algorithm-190258111.html

The Little Prince is a fantasy/sci-fi novel that is extremely multidimensional (you can read it on many levels). It's something that one can read at 8 and enjoyed, then read again at 12, 16 and enjoyed for entirely different reasons. I cannot recommend this book enough for young readers.

It is not "How the moon was formed", it is "Why the moon looks like it does". Still a very cool video.

All the posts I'm reading are "Canada has no culture". Seriously?

Of course Canada has a culture; Quebec has a more unique example, but for English Canada there are a lot of cultural similarities between their culture and the United States' culture, so most of those characteristics are subsumed under the US cultural umbrella. Canada's resulting perceived culture is more fragmented, less in your face than other cultures. We could easily lose these fragments and become more 'international' (though most English speaking Canadians get information from english speaking countries, so that means the US and UK mostly). All nationalist cultures will face this in the coming years.

The question, really, is does this constitute a problem? It's a question of identity: 'what cultural groups do you identify with?'. Nationalism has a very real hold on our identity. We need that feeling of belonging to something, and everybody is born into a nation. However, online experience has already show us that 'virtual reality' provides that feeling of belonging and the groups with which we identify and to which we belong have changed drastically. This is a fragmentation of previous groups, and of course the previously established cultural groups are going to fight back.

Of course, the results of this fragmentation remain to be seen. Maybe it's better to belong to a group that all your neighbours belong to so that we share something in common with them, and some weak nationalism has a greater value then we currently understand. Maybe the explosion of smaller groups will allow a stronger connection within the group while a weaker without. I personally think that both are useful, and that Canadians should want to understand their culture, just as all other nations should want to understand their own culture. Having to legislate it in fear of losing it shows mistrust on one side and disinterest on the other, an ugly combination.