Recent content by lesserfool

For anyone who thinks Mark Cuban ever posted here: I remember reading the posts, and I remember listening to an interview with the actual Mark Cuban. The stories just didn't line up.

Here's a scenario to consider: GME raises capital at an insane amount: $100,$200+ per share, allowing all the current shorts to exit at a relatively reasonable price. GME management owes no allegiance to the WSB crowd. Management is likely the first one to blink.

Another GME question: The media has said that the net short position on GME is over 100%. If you need a "locate" from a broker before initiating a short, how does the total get above 100%? Would that include naked calls sold or something?

Quantopian used to provide a great set of resources for aspiring quants, before they went defunct. You can find an archive of their resources here: https://quantopian-archive.netlify.app/ For a professional-level program on quantitative topics, check out https://www.arpm.co/

Fluent in both Java and Python here, although I have a much longer history with Java so bear that in mind... I would say they are pretty similar and it doesn't really matter. Your tenacity as a beginner will be much more important to your success. As mentioned by a previous poster, you may find...

I've been told the footnotes are where the real money lies. Subtle changes in language can foretell problems ahead.

From their API docs: We update our financial statements in real time, every statements is audited, standardized, and up to date. We have real time stock price We have 1 minute, 15 minutes, 30 miutes, 1 hour and daily historical stock prices. You get what you pay for, right?

This just in: Quantopian merges with Robinhood.

There is a saying: "if you don't pay for the product, you are the product." The community just couldn't find enough scalable alpha to make it worthwhile to institutional investors. They have been in trouble for a while now: their CIO was ousted after a lackluster start to their fund. While you...

For those in the software industry, we would say the Robinhood app has a "poor UX" for poor user experience. It sounds like a design problem that led to a gross misunderstanding. It is such an unnecessary tragedy.

Realizing now that the Fed's balance sheet didn't start at zero, so perhaps that's my answer.

Maybe someone can explain my error here: The Fed has pumped 7 trillion into a roughly 21 trillion economy, or roughly 30%. That fills the roughly 30% drop in GDP predicted for Q2. However, the 30% figure for GDP is on an annualized basis. Nobody really expects that drop to persist, once the...

Any stand-outs you can recommend?

If you're going to take the high end of estimates on deaths, you should take the high end on infections too. For comparison, the CDC estimates 61000 deaths on 45 million symptomatic infections. Now consider this coronavirus: it is estimated to be twice as contagious as influenza. The death...

REST APIs are by definition all proprietary. Be prepared to write new code for each broker. FIX is in theory more standardized. Another item to consider: REST is generally a request-response protocol, while FIX is message-based. In general, you can expect more latency in a REST API.