BC TRADING
Saved by @jay_millerjay

1/ Since Dec, $TWTR stock has grown 50% above all-time highs. Lots has been said about Twitter’s product upside, ability to capture more of the value it creates (see @Post_Market @juliey4 @modestproposal1). I want to talk about the biggest bull thesis I see: cultural determinism

 2/ I'm a huge believer in cultural determinism (see Nintendo essay) - who a company is/been trained ‘to be’ in turn decides who a company ‘will’ or ‘can’ be.

CD is distinct from whether a culture is good, employees talented, committed to change, etc.
https://t.co/bUHuLiZuKT
3/ By the early 2010s, Twitter began to solidify cultural premises: it was focused on building up ad revenues rather than maximizing reach or users/its network, building a self-contained ecosystem, and in my view, a misplaced obsession with “live”
4/ This contrasted with competitors focused on network growth (FB), product enhancements (Snap), total creators (YT, Unity). Instead, Twitter throttled APIs and 3P devs, ignored opportunity to be a standard protocol for internet comms (h/t @AVC in 2016)
https://t.co/wGSjn4XKUH
5/ How did we see this? Lots of externally focused product investments – e.g. SeeIt TV Everywhere authentication experience w/ Comcast, helping TV networks integrate Tweets into live TV, allowing advertisers to buy Twitter adds… through Google AdWords!
https://t.co/goImtYg2ls
6/ This was during a time in which product innovation for Twitter users were modest-to-null. In 2017, Twitter said usernames would no longer count in Tweet counts…. They still do. It took Twitter seven years to add stories (“Fleets”)
https://t.co/WRQVWWeoLJ
7/ Touted “top secret” Project Lightning was just a rather haphazard editorial curation of tweets + trending topics on a the “Explore” tab (like all social apps).

i.e. Twitter focused on tweet exposure, not better Tweets (UGC "moments" never took off)
https://t.co/70i0vQKv64
8/ Obsession with live seemed most misleading. I’m a big believer in live, it's a big differentiator, + Twitter is fascinating/superb when something important is happening in real time (e.g. storming of the Capitol)

Real value, though, is in follow graph + frictionless sharing
9/ But Twitter is rarely “live”. It’s recent-ish or whenever.

Best tweets, shares, ideas tend not to be live. Most of your feed could have been shared 10 mins/hours later.

Core idea of QT/RT is… non-live sharing!

Very little is actually *real-time* (+not synchronous anyway)
10/ Fact Twitter rolled out an algo feed default shows this.

Stories + TikToks are some of the biggest social innovations of the past decade, neither are really live (they’re as live as most Tweets).

And of course, most efforts here (e.g. Periscope, Facebook Live) didn’t work
11/ Twitter’s philosphical obsession with ‘live’ explains focus on Live TV + many missed opportunities - RSS reader, publishing platform, protocol (don’t need to be a protocol if you’re ‘the’ destination after all), Stories, underlying product changes like longer tweets/edits
12/ Just look at ‘how much’ Twitter invested in live video, too. How many of these actually led to major events on Twitter? And did they need to be broadcast on Twitter to be big on Twitter?

Note these focused, again, not on user/creators, but ad revenues + external partners
13/ Consider how truly terrible search is on Twitter. Let alone DM search.

Makes sense if you think these old, asynchronous messages are low value, not your core .

Took forever to build a Tweetstorm function. How could long, pre-thought (i.e. not live) threads be a priority?
14/ Connects to (non-live) Vine. Vine is fascinating given it shutdown right as TikTok was starting to take off (and it is now far more valuable than Twitter). But crucially, Twitter reportedly pulled the plug after top talent wanted <$30MM a year to stay https://t.co/ZNl0lrrNTN
15/ This wasn’t a unique POV in the mid-2010s: platforms believed their job was to enable creators to make money, not to actually to pay them, or build products specifically to help them make money

This was very wrong (h/t @turnernovak)
16/ @Benthompson talks about the famous “Bill Gates Line”: A platform is when the economic value of everybody that uses it, exceeds the value of the company that creates it. Then it’s a platform.”
17/ For years, $Fintwit joked that Twitter is the best example or a platform (and therefore the worst business) because the value it creates is so, so, so enormously above what it captures. And it’s growing. Reason why @DanielSLoeb1 @plaffont and SAC joined Twitter last 6 months
18/ Anyway, this returns to cultural determinism. I see a lot of evidence of fundamental, cultural beliefs changing in Twitter. This doesn’t change the options available to them, but changes their ability to realize them. Massively.

It takes time to do this - years.
19/ For example, Twitter Spaces are launching MUCH faster (if still too slowly) than Fleets did (Clubhouse:Snapchat). Jack is talking openly about the desire to be a protocol, to invest in decentralized communication solutions https://t.co/gD5a6A7JeZ
20/ Many new products are not live: Revue newsletter, Fleets, even Spaces, which are live rarely *about* live, they’re ambient hangouts – more like dropping by a ‘clubhouse’ than tuning into a press conference.
21/ Most importantly, Twitter is embracing subscription/user fees rather than just advertising (e.g. paying for a newsletter, tipping an account, private access to a Space). I can’t highlight the value here enough – advertising is less than half of media revenues, and declining
22/ Twitter focusing on helping creators, thought leaders, influencers, entertainers all to create, memorialize, and build high revenue business on Twitter... is actually a huge shift.

Both because it raises the platform value Twitter creates, AND it's capture
23/ This tweetstorm doesn't have a model, doesn't have a product forecast, nor a price target. Those are important, but not my lane.

I also think they're far less important than cultural determinism - the underlying, most important, and hardest to change variable in the above
24/ In sum, I'm long $TWTR.

The theses of what Twitter can be, could be, and should capture hasn't changed. I think what the *company * can be and wants to be has.

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So what will be the aftermath of this GME event?

These are simply my guesses, I don't actually know.

Wallstreet will likely push for licenses being necessary to trade, or put more limits on how many trades you can make, or some other way to screw the average person trading. 1/

FYI, you can only make 4 trades in a day, but if you have more than $25,000 in your account you can make as many as you want.

The system is rigged against the poor, and weighted heavily in favour of the rich. 2/

Will the government shut down the market?

It's possible, but I doubt it.
It would open up new precedents and the optics would be terrible- i.e. shutting down the market because greedy hedgefunds fucked up, and normal people are taking them to the cleaners. 3/

If the government gives in to Wallstreet, they lose all credibility, because this story is basically David vs Goliath, where the Reddit guys are the good guys, and the hedgefunds are the bad guys.

4/

Likely they will implement similar rules to Europe, that stops naked short selling.

Anything more than that, I'm not sure.
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My number 1 stock pick for 2021 is: Pine Island Acquisition Corp.

$PIPP

Let me break down why I think this will be THE SPAC of 2021. 👇

TL:DR – the management team is loaded with President Biden’s closest friends and advisors. No other SPAC has this level of access.

$PIPP company overview:

-focused on defense, government service & aerospace
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$PIPP Management

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$PIPP - The Joe Biden Connection

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antifa.drone
@antifa_drone
Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.
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Aditya Todmal
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@AdityaTodmal
TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


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You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.
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Indrazith Shantharaj
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@indraziths
Price + Open Interest (OI) + Volume = Deadly Combo

There are many tools for Open Interest. Options Decoder from @TrueData2 is one of the simple yet powerful tools on options and OI.

Below are the 10 Powerful Features of Options Decoder

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(1/N)


#1 - PE CE Difference

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At one glance, we can know what big players are doing!

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In one click, we can see the stocks in any order (like an increase in price, increase in OI, or decrease in volume, etc).

A highly useful feature for options traders!

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#3 - Open High

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If many CE strikes show "Open Low", then the market is bullish!

(4/N)


#4 - IV Price-OI Chart

This feature plots CE and PE vs. Open Interest (OI) for the ATM strike price.

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CE Long Build Up + PE Short Build Up = BULLISH

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CE Short Build Up + PE Short Build Up = SIDEWAYS

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A #story from #Thiruvilayadal puranam- one of divine leelas of Bhagwan Shiva

#threadseries #madurai

Koodal Kaandam

Story 21 - it is about how stone elephant came to life and ate sugarcane - When Raja Abhisheka Pandyan met Ellam Valla Siddhar

கல்யானைக்கு கரும்பருத்திய படலம்


Raja Abhisheka Pandiyan went ahead to meet Ellam Valla Siddhar on the premises of the temple.On seeing the arrival of Raja, people surrounding Siddhar moved back. Abhisheka Pandiyan introduced himself to Siddhar &asked about his whereabouts.Also his purpose of visit to Madurai.

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