TL;DR: I made a calculation which justifies why Infinity Pool is the most dreaded expression by shills. Only part of the float in infinity pool makes short extremely hard to close, virtually impossible. number of shares, respectively:
EDIT: automod on jungle banned it, Pink let it through few hrs later. I edited it to point to this one to keep one place for discussion. EDIT: updated wrong calculation for scenario of normal shorts closed first. EDIT: Infinity Pool expression definition used in the title and post: it's a subset of shares owned by the shareholders which won't change the owner in a foreseeable future. The definition and the post as a whole doesn't say anything about the size of this set, this is an analysis of the potential impact of it's existence.
N - naked shorts
F - freefloat
S - normally shorted shares, 29th June on Yahoo this number is reported 18.52% of F.
T - total shares bought by retail including created from naked shorts: T = F + S + N
Assuming the level of shorting from most DDs T is much bigger than F. To close short positions HFs have to buy S + N shares.
When naked short is closed the share associated with it effectively vanishes. There are some buyers who don't want to sell at any point, and some buyers who will sell only a fraction of shares. So let's say there is a number of shares which will never be sold - infinity pool.
I - number of shares in infinity pool
T - I is the number of shares which can be bought.
In favor of shorters, let's assume for convenience that every normal short closed gives a share which can be bought again to cover another short. The optimistic scenario for shorters also assumes that they managed to close naked shorts. After closing naked shorts there are S shorts left and T - I - N shares left in circulation to buy again. Scenario of normal shorts closed first is tougher for HFs equivalent- discussed at the bottom. From the definition of T:
T - I - N = F + S + N - I - N = F + S - I
F + S - I must be a positive number in order to close shorts. If this number is small, like 100, shares will have to be bought S/100 times to close positions. Considering a scenario where at least part of the retail are idiots who don't know anything about existence of the sell button it get's really interesting. Say, independently of each other, en average, buyer won't sell 30% of his shares: I = 0.3T and normal shorts S = 0.18F. So the number of shares left to close short will be
F + 0.18F - 0.3T = 1.
... keep reading on reddit ➡
It's true for me.
https://imgur.com/a/wsBvCSo edit- i tried to draw the little butt figures from memory.
im looking for this book my parents had and absolutely loved when i was a kid. late 90s to early 2000s was when i saw it, but its possible its a bit older.it was an illustrated book so no words, the book itself was quite slim and tall. each spread was a forest or a jungle themed scene with lots of foliage illustrated in a flat composition , seemed almost entirely 2D. its shade of green were pretty dark from what i can remember, at least dark enough to stand out to a kid if that means anything. either some or all of the illustrations had tiny, almost blocky naked people with perfectly round bubble butts and i think they had long-ish unkempt hair.i distinctively remember an illustration where two of those little figures were holding hands, and i remember the very last page in the book- it had the tiny little naked guy jumping off a cliff and into a lake splashing into the water.
An Endeavor had culminated in the Arch-Militant challenging the Drukhari pirate band leader to single combat, knives only. The Drukhari is surprised to see the Arch-Militant, a proud son of Cadia (the campaign is set not long after the fall of Cadia for reference), strips himself naked and takes his battle stance.
The Drukhari obliges, ripping off his armor, grinning through the pain of doing so and the fight begins. An honor battle between a Dark Eldar Pirate and a Cadian, bare-butt naked in the middle of a forest.
The Cadian gets the upper hand and pins the Pirate down, both are bloody and injured but the Cadian has the honor.
"How do you wanna do this?" I ask.
"I say 'Vibe Check!' and plunge my knife into his heart."
Cheers across the discord, we all need a moment. Days after, either me or him will simply say "Naked Jungle Knife Fight" and we lose it.
Edit: Tribal Naked Brutality
https://preview.redd.it/iyy43ni9kns41.png?width=1920&format=png&auto=webp&s=997491afa88348c09076b59aec517600635263b7
"Are you game?" "I sure am," she purrs. So he shoots her.
Bentley, Settler
Day 1 My pod crash landed next to a old ruin. There was only one entrance so I quickly chopped a couple of trees and constructed a door plus 3 passiv coolers. No Wildlife was to be seen, anywhere. Although there were berry bushes I which I harvested and ate just before breaking out in a daze.
Day 2 A whole day, I spent running around, doing nothing, nothing at all. Another night I had to sleep on hard marble tiles.
Day 3 I started developing serious malnutrition, so the decision to harvest the 4 nearby berry bushes I had seen earlier was quickly made. The berries were once again eaten immediately so I constructed a table, dinning chair and a bed for next time. After calling it a day I still grabbed a bit of food from the last bushes.
Day 4 A bed, even if just of poor quality is better than hard rock to sleep on. I was heavily deprived of recreation but this changed after constructing a chess table and a horseshoe pin. For now I was happy, 20C inside in a pretty room while outside it was more like 78. Playing a bit of chess cheered me up even more to the point of being content, no now even happy. But then it hit me there was no source of food around, not anymore. I panicked, running around to find food just to stumble across cargo pods that had dropped 40 hyper weave. This was shortly followed by a heat wave and before I could make it back to my shelter the outdoor temperature had reached 103 degrees Celsius. I collapsed just a few tiles short of my door where the heat then finally got me.
Thanks Randy now it’s 2:50am
