Tag Archives: Internet

Stonks Game Stops At This Stop

Posted on by John Klein

Hedge funds that bet against Game Stop are crying foul as they lose a fortune, because the crowd noticed their weakness and exploited it. Sounds very Wall Street. Is it against the rules? How could it be in a market that has too few rules. The difference now is that the crowd has the power instead of the billionaires, so it can’t be fair, right?

Hedge funds basically borrowed money to buy stocks for Game Stop that shouldn’t even have been available for sale (136%??), and a crowd of investors very publicly noted this situation, explained publicly what they were going to do, and the hedge funds didn’t immediately back down and take a small loss, and so lost the entire amount. As a result of not being able to cover their loss, they were forced to buy the stock they bet against, pushing the price up even further. A short squeeze happened with Tesla in the past year too, part of the reason for its stock price meteoric rise.

Billionaire CEO defends Redditors; CNBC host sounds like a whiner sad that his team made a bad bluff and got called.

Can’t tell if joking… @theserfstv · “lol Gamestop just became an S&P top 500” If true and it qualifies, that would require it be included in the S&P list of the top 500 stocks, like Tesla, pushing its price up further.

@IGN · “Amidst ongoing GameStop stock fluctuations, WallStreetBets has been banned from Discord for allowing “hateful and discriminatory content after repeated warnings,” and has gone private on Reddit.” https://bit.ly/3t25EEC

@JuddLegum · “Funny no one mentions that the primary “victim” of the GameStop trading, Gabe Plotkin, worked for SAC until the firm pled guilty to insider trading in 2013 and paid $1.8B in fines to the SEC and this week, Plotkin got a 2.75B bailout from his old boss, Steve Cohen, SAC’s founder.”

Memes are flowing:

“You said crypto was too volatile? Mmhmm… (Woman tipping hand)

Wall Street: Crypto is volatile.
GameStop: Hold my Beer (mug)”

“GameStop, AMC, Tootsie Roll, BlackBerry: there’s a theme here and it’s elder millennial nostalgia.”

“Hold the line, “They can take our subreddit, but they can never take our $GME”

– Actually they can take it, and will probably try. These folks need to learn about Bitcoin, badly.

ADDED:

https://twitter.com/PutinOwns45/status/1354601116760223747

Weather Alert Dismantling

Posted on by John Klein

Write your MP and the weather office now please.

https://twitter.com/hoverbeaver/status/1344097359471534080?s=19

https://twitter.com/saskboy/status/1344198408026767360?s=19

Dear Canadian Government:

Regarding closing weather radio stations, in a year when an unusual emergency was the top news story in 10 of 12 months, seems like a precursor to more embarrassing stories of how the government cut pandemic alert systems just prior to 2020. In Regina, crates of N95 masks were landfilled prior to 2020 and not replaced. Who needed them, right? Long Term Care home workers, dealing directly with COVID-19 patients still don’t have N95 masks at work.

Internet isn’t a replacement for weather radio, as cell phones don’t stay charged long in an emergency. Don’t make the mistake of closing weather radio access for Canadians to save a couple bucks. Additionally we should have tornado sirens in Regina, but don’t because it’s deemed old technology. We’ll miss having it when it’s too late.

We should be building onto what previous generations provided us with, not dismantling their working systems.

Podcast on Sunday

Posted on by John Klein

Jeff Cliff interviewed me for his Facebook Live stream on Sunday. We discussed Saskatchewan politics, media, blogging, censorship, and the Amazon Fires.

For instance, I can link to Facebook, but people trying to link here from Facebook are told my blog doesn’t meet Facebook’s “Community Standards”. If you can figure out why, that would be quite the feat.

Also noticed that http://www.abandonedstuff.com isn’t redirecting to this WordPress address right now, so I don’t know if that’s a permanent problem introduced by WordPress, or something else.

IT Problem At Saskatchewan Government

Posted on by John Klein

What’s going on?gov-sk-down

http://www.gov.sk.ca has been down a for a day.

 

Apple’s Welcoming Ceremony Challenged By Robot

Posted on by John Klein

I’m cool with a robot waiting in line for a little tech innovation.

It makes more sense than a human wasting their time.

“Since the iPhone’s official release in 2007, waiting outside for a new iPhone has become something of a tradition: a stupid, meaningless tradition, yes, but a tradition nonetheless. Every September we get to shake our heads at the people who are huddled up on the sidewalk, sleeping in tents, relieving themselves on our streets, creating a general Pigpen-like cloud of stench in the areas surrounding Apple Stores,”

I think lining up for Blackberry Mead in Regina is another stupid tradition that needs to change.

How fitting that Apple fans have turned the reception of a once revolutionary device into a religious ceremony that excludes acceptance of new devices and methods.

Killer Robots By Accident or On Purpose?

Posted on by John Klein

There are companies like Lockheed Martin making autonomous killing robots, and there are companies like Google making self-driving cars (which kill people by accident or poor design). At least cars don’t tend to kill on purpose, and the Google self-driving car hasn’t had a deadly accident (or one it caused, of any kind). So, what’s worse? Intentionally creating machines that can destroy humans, or accidentally doing it? Let’s aim at neither.

Many people have seen the Sci-Fi movie Terminator and Terminator 2. They were made before the WWW, and before Skynet seemed like a possibility. Now we have 3D printers, we have walking and flying robots who can shoot, and we have a global intelligence network those machines connect directly to. We need to be very cautious in Artificial Intelligence development over the coming years, or a small group of people could make a mistake that could cost millions (billions?) of lives.

ConCalls: Documentary Underway

Posted on by John Klein

I was interviewed for the E-Day documentary film being wrapped up this Summer. What’d I say? You’ll have to wait until it’s been all put together. I can’t wait!

https://twitter.com/edayfilm/status/606470132949319681

https://twitter.com/edayfilm/status/606012175254056961

Please help Peter put this movie in front of thousands of Canadians.

https://twitter.com/saskboy/status/606586214695751680

Hilldog16 on SnapChat?

Posted on by John Klein

I have a Snapchat account. I’ve not used it in years because it was making my cell phone too full. Imagine if Hillary Clinton had a Snapchat account too, for government business? Her’s would be used for an illegal purpose, like her personal email was. You may recall Sarah Palin got into trouble (without apparent consequence) for this sort of thing too.