General discussion

Discussion in 'General Off-Topic' started by Car crusher, Apr 4, 2014.

  1. Potato

    Potato
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    Legendary
     
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  2. redrobin

    redrobin
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  3. Jakux

    Jakux
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    Maybe starter failed?
     
  4. Harkin Gaming

    Harkin Gaming
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    What are you talking about? You can obviously see that its kicking over but stalling immediately.

    My first step without a scan tool would be to check the fuel pressure, its acting like its not got enough fuel. It could also be an issue with an electrical component like a sensor reading wrong or the PCM not knowing what to do. I really reccommend looking at live data with a scan tool, it will make diag much easier.
     
  5. redrobin

    redrobin
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    Nah, it's much more simple than that. This thing eats idle control valves like no tomorrow due to high oil consumption and some bad blow-by. Couple that with an intake leak and I think the MAF is going bad creates an ultra mega rich condition like this that's fouling the plugs. It's a simple and cheap fix, I just need to get around to doing it.
     
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  6. Harkin Gaming

    Harkin Gaming
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    You can try cleaning the MAF with MAF cleaner (and only MAF cleaner). I've been able to delay the death of my IAC with throttle body cleaner. It still acts up every once in a while, but works fine 90% of the time. Its worth a shot at least, $30 saved is $30 that can be used for other things.
     
  7. Kasir

    Kasir
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    So what's up with Reddit and the stock market? Is it just Reddit being petty like usual or did something actually happen to justify this?
     
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  8. C747

    C747
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    Dunno what the backstory would be for this. Either something big happened that justifies WHATEVER THE SWEET CONDENSED FUCK happened with GameStop's stocks, or a very well handed prank. A billionaire one.
     
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  9. Slugfest

    Slugfest
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    Here's what happened:
    1. A bunch of hedge fund management companies were "short selling" more stock than existed in several companies, most notably Gamestop.
      Short selling is a process by which investors can make money on a stock's price falling. First, the "short seller" must borrow stocks by buying them and agreeing to reverse the transaction for the exact same price later on. For our example we will say they bought the stock at $5 each and agreed to reverse it in 10 days. Second, the "short seller" sells that stock to someone else. Third, they wait. Fourth, when the "short seller" thinks the time is right, they buy the stock again. They want to do this when the price is as low as possible, but obviously, they can't wait forever, because they agreed to give that stock back. For our example they managed to buy it at $3 each. Fifth, they sell it back to the original person they borrowed it from at the original price ($5) and the difference (5-3= $2 each) is profit.
    2. A group of guys on Reddit called r/WallStreetBets, led by someone with the username u/DeepF***ingValue, realized that short selling so much made these companies very vulnerable. People tend to not like hedge fund managers, especially when they short sell. This is because often companies die when such short selling occurs. Which causes which is disputed, but the popular belief is that the short selling kills the company.
    3. This community all banded together and bought many many shares of GameStop, driving the price up.
    4. All the hedge fund management companies then had to buy back the stock, because they promised they would. The problem for them is that the stocks are all a higher price, so they lose money on each and every stock they short sold.
    5. Somehow, buying (but not selling) was temporarily stopped by Robinhood, a company that is partly owned by one of the hedge fund groups that lost the most. Robinhood claims to be an app allowing the average citizen to trade stocks. While this is true, they also give all this buying and selling information to the hedge fund group, and some speculate that they were purposely manipulating the market by preventing buying, but not selling. This has been neither confirmed nor proven false, but Robinhood, of course, denies it.
    6. Today, the situation is ongoing and we will see what the current U.S. government does if it becomes evident that the market manipulation was real and not caused by some other issue.
     
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  10. C747

    C747
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    Thanks for explaining
     
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  11. Jer

    Jer
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    I just released my first mod
     
  12. eeEtilt

    eeEtilt
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    My understanding is that WSB have done it before too - last year, a similar thing happened with Hertz, although that’s since collapsed (they were delisted around October), and it definitely wasn’t on the same scale.
     
  13. rottenfitzy

    rottenfitzy
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    As I understand it, short selling usually involved borrowing the stocks from brokers, not necessarily buying and reversing.

    Robinhood's official story is that they simply couldn't process all the purchase orders they were getting. By law, in order to broker a transaction (be the company buying and selling the stocks for customers), the company must have at least that value amount in capital (i.e. hard assets, like buildings, gold, savings, etc.) so that if the trade goes south, the money doesn't simply vanish and the trade can still be completed. What makes this excuse interesting is that Robinhood just bought a super bowl ad, which can cost tens of millions for production and airtime.
     
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  14. Slugfest

    Slugfest
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    Yes, I've heard the term borrow and also the terms buy+resell, but I think it's generally the same idea on how it works :)
     
  15. Botanimus

    Botanimus
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    Wait, did Evan Mark have a Beamng account?
     
  16. Slugfest

    Slugfest
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    ?
     
  17. Botanimus

    Botanimus
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    Evan mark is a horrible beamng private mod beggar, and basically if your mod gets leaked he will spam the comment section about begging for non-existent mods
    example #1:
    Screenshot2021-02-04230412.png
     
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  18. Slugfest

    Slugfest
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    I see... that kind of spam would likely get him banned pretty quick if he ever had an account
     
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  19. Kasir

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    He prolly knows that, and maybe that's why he stays on discord (not that you're less likely to be banned on discord than you are here, if anything its the opposite, but still). I guess that makes him oddly smart.
     
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  20. CaptainZoll

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    Relocating this discussion from the 0.21 thread:
    it's a reference to this video, a parody of top gear:
     
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