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Comment by the__alchemist | Hacker News Reader

I got in on 4 of the big quantum computing stocks ~a month ago. I haven't felt this good about a short since Nikola; one of the few times I will use "money left on the table".

I miss Hindenburg.

Unfortunately, most of the scammiest companies (e.g. ones you hear about on HN) are not IPOed, so you can't short them using traditional methods. I'm glad the article points out some non-traditional ones, but I'm not clear on how to actually do it.

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Do you ever pair trade or hedge your shorts by buying indices? For example, short the quantum stocks but buy NASDAQ index (or call options) in case everything keeps going up?

Hard to say, because most of what I own is indexes. I do explicitly do an inversion of this: Counter my index positions of certain stocks I don't want to own by shorting them in small amounts. So, these shorts are a hedge, vs a stock I think is worthless/fraud like the QC ones.

That’s awesome, thanks!

I just use $QTUM

do you have a stop loss?

I hope you lose a lot of money on at least one of those positions. I want to be in a timeline where quantum and AI computing grow up together.

So you want all the humans replaced then?

I want minions.

It's more likely you will be the minion doing menial tasks (that aren't worth automating because unskilled human labor is unbelievably cheap), while all the better-paying, intellectually-engaging jobs have all been automated away.

Automation is inevitable, has happened non-stop since the industrial revolution. Imo we should never "protect jobs" when in the end they will hurt the vast majority of other people.

What do you want quantum to do? I thought it's good for medicine discovery and material discovery, where you might simulate physical quantum processes, but it's quite theoretical that we actually get an outcome from that isn't there? Is there any drug/protein/molecule simulation that people are trying to do but classical hardware is too slow to bother?

Qubits are neat and all I just won't be places bets.

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