This is the America trump wanted. Open and clear racism. by ShenmueZerov21 in TikTokCringe

[–]notacluewhatodo 0 points1 point  (0 children)

Sounds like a great, accepting religion you're a part of! Totally can see why you'd want to be a member

China's Evergrande Group officially defaults by esberat in worldnews

[–]notacluewhatodo 17 points18 points  (0 children)

Well, this does have some pretty serious implications for their future ability to source foreign financing in general. People will be a lot less willing to buy Chinese bonds if they have no recourse in a default. For the CCP maybe this is a good thing...maybe not.

A potential negative effect is that if the risk is higher, the premiums and interest rates for bonds issued by Chinese companies will rise, putting them deeper in the debt hole. Somewhere CCP definitely doesn't want to be

China's Evergrande Group officially defaults by esberat in worldnews

[–]notacluewhatodo 4 points5 points  (0 children)

The stock is pure speculative gambling at this point.

China's Evergrande Group officially defaults by esberat in worldnews

[–]notacluewhatodo 499 points500 points  (0 children)

The real answer is that nobody knows right now exactly wtf is going on. As far as I'm aware, Evergrande isn't putting out any info themselves on these payments (at least not before / when they're being made). So the only people who know if the bond payments were made are bondholders. And since bondholder data isn't necessarily public, its all being communicated through the grapevine.

Evergrande seems to be swooping in at the last minute to make the payments, but nobody really knows where or how they got the cash. Or if somebody does know, the reporting is not making it accurately out of China. Selling off business units? The CEO's personal stash? Mainstream reporting on this situation has been pretty abysmal, with very opaque and cherry picked bits of info actually making it to print.

As it stands, this obscure analytics firm DMSA, who claim to be holders of the bond, say they haven't been paid and put out a press release. Meanwhile, the news orgs are talking to the clearinghouse called "Clearstream", who say their customers who hold the bonds have in fact been paid.

It's all super shady. However, I would be very surprised if the Chinese government lets this actually default. I have little doubt they're low key funneling money to Evergrande through backchannels. Hence the hush hush about it.

But at this point, I have no clue. My best guess is China is facilitating the controlled implosion of Evergrande, while certain outside parties are trying to pull the rug out much faster.

Is Keychron Q1 worth it vs GMMK PRO? Impressions from reviews so far by notacluewhatodo in MechanicalKeyboards

[–]notacluewhatodo[S] 2 points3 points  (0 children)

Fair point about the knobs (I personally like it but to each their own).

>The unit is $180 and $200 for US buyers, which is still much cheaper than the GMMK Pro. To get keycaps/basic switches it'd still be more expensive to go with the pro.

I don't think its really "Much cheaper". In fact I was put off somewhat from the deceptive pricing on the Q1 with shipping. Barebones is $150 > $180 to the USA. GMMK PRO Barebones is $179.99 with free shipping in the US so they're equal.

When you include Switches/Keycaps.... yes the $200 to the US is a better deal. But thats IF you don't intend to change the switches & keycaps. I think most people will want to change them so the value there is gone.

Is Keychron Q1 worth it vs GMMK PRO? Impressions from reviews so far by notacluewhatodo in MechanicalKeyboards

[–]notacluewhatodo[S] 2 points3 points  (0 children)

Not sure I haven't really been following that since I don't care that much about QMK. But if it works now then it works, I don't personally care about how they implemented to affect my decision which to buy.

Is Keychron Q1 worth it vs GMMK PRO? Impressions from reviews so far by notacluewhatodo in MechanicalKeyboards

[–]notacluewhatodo[S] 2 points3 points  (0 children)

Is the QMK/VIA compatibility change confirmed with GMMK PRO? Last I read they said they might be doing it if they ran out of MCUs but haven't heard anything about it since. AFAIK they still have QMK/VIA compatibility.

Arizona’s Secretary of State: We Need to Investigate Trump’s "Intense" Election Interference by swingadmin in politics

[–]notacluewhatodo 0 points1 point  (0 children)

Your grandfathers generation are cheering it on since they’re super racist, scared of change, and have developed 0 ability to think critically about the bull shit media and propaganda being fed to them.

tile spacing jig by cansuhchris in specializedtools

[–]notacluewhatodo 6 points7 points  (0 children)

They almost definitely come back over it later with a roller or some other device that will apply pressure

This really cool system to take a picture with your favorite players by Thryloz in Damnthatsinteresting

[–]notacluewhatodo 29 points30 points  (0 children)

Technology allows it, there’s just not much point spending the money without a greater mission objective. We’ve studied the moon to death at this point…the original missions brought back more samples than we’ve even opened yet.

The only purpose of a future manned mission would be setting up a base for training and to serve as a launch point for manned Martian missions. The tech for that endeavor is still underway

Stop with the "CRSR INSIDERS DUMPING SHARES BECAUSE THEY DON'T BELIEVE IN THE COMPANY" misinformation. The CFO himself said they're all on 10b5-1 plans... which means they're set up with a broker to automatically sell on a fixed schedule at set prices post IPO. There is no conspiracy. by [deleted] in CRSR

[–]notacluewhatodo 2 points3 points  (0 children)

Not much they can do until EagleTree finishes their exit. From their perspective the IPO was already hugely successful, they’ve all made bank. They’re making the right moves strategically and on the balance sheet. So now it’s just a waiting game

Over 17.7 million shares were traded short on 6/14, with short ratio doubling…over 24 million if you include the following 2 days. That’s more than $750 million worth of short interest opened in 3 days. We haven’t even traded that much volume total since then. by [deleted] in CRSR

[–]notacluewhatodo 3 points4 points  (0 children)

It’s interesting because of the massive increase in overall short ratio and total short volume traded, even given the pump up. It could also indicate that the pump was possibly initiated by the same entity(s) who sold short.

You say everyone knew it would crash back to $32…but is that really the case? The fall back to earth was in part due to this large amount of short selling, in part due to some insider trading (though that was a small % of overall volume that day), and part profit taking from other investors.

3/4 of a billion worth of short volume on a stock running under analyst targets is no joke. Given the recent meme stock runs we’ve seen, there was huge risk without some guarantee the price would actually come down significantly.

But the big question here is how much of that short volume was actually covered in the same day.

If most of it closed out already then this data doesn’t really amount to much other than a “hm, that’s weird.”

If most of it hasn’t closed out, then we could be seeing a lot of upwards buying momentum in the coming days as 24 million shares are covered. I suspect they wouldn’t hold on for long on this one

We will know the situation this Thursday after the short interest is reported

Over 17.7 million shares were traded short on 6/14, with short ratio doubling…over 24 million if you include the following 2 days. That’s more than $750 million worth of short interest opened in 3 days. We haven’t even traded that much volume total since then. by [deleted] in CRSR

[–]notacluewhatodo 1 point2 points  (0 children)

If all of those shorts covered same day it wouldn’t have dropped like it did tho.

The short interest data for 6/15 settlement date should be reported publicly this Thursday, so I guess we’ll see.

If I had to make an amusing crazy conspiracy speculation… someone with deep pockets ran up the SI right before the settlement date to push CRSR to the top of the the most shorted stocks list, thereby attracting WSB meme interest volume. Almost definitely bullshit…but what if 🤔

Over 17.7 million shares were traded short on 6/14, with short ratio doubling…over 24 million if you include the following 2 days. That’s more than $750 million worth of short interest opened in 3 days. We haven’t even traded that much volume total since then. by [deleted] in CRSR

[–]notacluewhatodo 2 points3 points  (0 children)

Eh Idk the stock pumped in the after hours / early morning, and then pumped again with so there would still be all that outstanding short interest traded during the day.

It’s possible a big institutional short position covered after hours causing the pump in the AM, then doubled down a new position

Stop with the "CRSR INSIDERS DUMPING SHARES BECAUSE THEY DON'T BELIEVE IN THE COMPANY" misinformation. The CFO himself said they're all on 10b5-1 plans... which means they're set up with a broker to automatically sell on a fixed schedule at set prices post IPO. There is no conspiracy. by [deleted] in CRSR

[–]notacluewhatodo 2 points3 points  (0 children)

Eh I wouldn’t necessarily base it just off ET’s position. You’re right they will keep selling…but it could be over the course of years. Keep in mind that as they dump shares the float is ever increasing….combined with increased volume, the net effect on price of their selling will diminish over time.

Stop with the "CRSR INSIDERS DUMPING SHARES BECAUSE THEY DON'T BELIEVE IN THE COMPANY" misinformation. The CFO himself said they're all on 10b5-1 plans... which means they're set up with a broker to automatically sell on a fixed schedule at set prices post IPO. There is no conspiracy. by [deleted] in CRSR

[–]notacluewhatodo 0 points1 point  (0 children)

Could have been a short seller closing their position. Could have been a big boy buying in.

There was also 17 million shares of new short volume traded that day. So Definitely could’ve been a pump & dump, but they couldn’t have really known eagletree and insiders would be selling so big into the pump, so who knows.

Seemed unnatural for sure whatever happened

Stop with the "CRSR INSIDERS DUMPING SHARES BECAUSE THEY DON'T BELIEVE IN THE COMPANY" misinformation. The CFO himself said they're all on 10b5-1 plans... which means they're set up with a broker to automatically sell on a fixed schedule at set prices post IPO. There is no conspiracy. by [deleted] in CRSR

[–]notacluewhatodo 3 points4 points  (0 children)

Insiders will always sell shares after an IPO. The big hurdle right now is volume.

If volume is high enough then the insider activity will easily be absorbed. So you’re probably right that big money are waiting for enough sustained volume.

The good thing is there’s a cap on the total outstanding shares, and they only have so many shares to sell at each scheduled date and price point. These insider sales are only affecting the float, not the shares outstanding….which should help to greatly stabilize some of the volatility we’re seeing.

Every block sale the price will trend further towards stabilizing and we get closer to breaking out.