IBM has a brilliant strategy when it comes to layoffs. Make them quietly – no public announcements Make them in relatively small numbers – that limits media attention and avoids the need to file reports with state and federal governments Make sure to shut up employees - If you go public about your job loss, you get no severance Make sure the job cuts are spread among all age groups – that avoids age discrimination suit problems Make sure to say next to nothing publicly to the media if a reporter calls (chances are, they won't unless the number is a big one) – that’s good damage control. Make sure the cuts don’t hit any large metropolitan area or state at one time – that keeps politicians from squawking and demanding more information."
Seems like companies have a new strategy for making their stock go up..... just get rid of employees.
YHOO is next....... that is why calls are looking good, IMO. Wow, sounds so much similar to what my company does (another fortune 50 company where I work).
Ya.... these companies are sneaky bastards. Don't forget that this is capitalism and the object of the game is maximum profit at minimum cost, nothing else matters. Employees are just tools, economic slaves, for producing profits, and as soon as proportion of profit to cost falls below some value, say 5:1, or 4:1, employees are simply "erased", since they are no longer meeting the objective. Employees only exist for benefit of the company, not the other way around.
P = down to $11@ PreMkt trading, looking good so far, low 10.98, might hit my target of 10.50. Now is the time to check your accts, make sure you don't have any open orders at market....... please be careful!!!
skeemer said: Bummer I did a credit call spread instead of buying puts on P, but I made money so its all good.
Trust me, you are better off, benefiting from theta decay and IV collapse, instead of the other way around. Watch the action and be ready in case of reversal.
If you can cover your short half of the call credit spread on P @5c, now is the time to do it. While some may call it a waste, I think it's smart, just in case.... since majority of money has been made here.
mariusz said: Dannychico said: Why does a stock drop the exact amount of its dividend on its ex-div date? Is it because the company is re-pricing itself, or is it because a bunch of people sell and price equilibrium happens at almost exactly the dividend amount below previous close?
Because the divvy is removing value from the company and giving it to shareholders, so at that point the shares are worth that much less.
Got it, is it an automated adjustment to the price? Or is it a function of supply and demand (i.e., the adjustment is sometimes more and sometimes less than the dividend amount)?
mariusz said: Jobs report coming up.... any speculations on the numbers? If it's weak, market could take a big hit. This market will never fall. DJIA rallied 1500 points on the Greece debt, wars possibility, economies slowing down, countries downgrades.....
Dannychico said: mariusz said: Dannychico said: Why does a stock drop the exact amount of its dividend on its ex-div date? Is it because the company is re-pricing itself, or is it because a bunch of people sell and price equilibrium happens at almost exactly the dividend amount below previous close?
Because the divvy is removing value from the company and giving it to shareholders, so at that point the shares are worth that much less.
Got it, is it an automated adjustment to the price? Or is it a function of supply and demand (i.e., the adjustment is sometimes more and sometimes less than the dividend amount)?
Seem to be adjusted by MM's on the following day's open(ex-div), and after that the price goes where the market decides.
Hey, sorry I didn't chime in earlier, but was having a crown put on at 7am at the dentist. I sold my P puts pretty much within 5 mins of open for like a 320% gain. That huge gain can make up for my LNKD MAR $75 puts that are going to expire worthless. Congrats to anyone who pulled the trigger.
Only notable company I see reporting after the bell today is H&R Block (HRB). Don't really know anything about the stock to make an halfway-educated guess. Anyone trade them?
NukeMedDude said: Only notable company I see reporting after the bell today is H&R Block (HRB). Don't really know anything about the stock to make an halfway-educated guess. Anyone trade them?
nope. some info from seekingalpha:
The whisper number is $0.06, one cent ahead of the analysts estimate. HRB has a 67% positive surprise history (having topped the whisper in 18 of the 27 earnings reports for which we have data). The average price movement (starting at next market open) within ten trading days of these twenty-seven earnings reports is +0.4%. The strongest price movement of +2.6% comes within twenty trading days when the company reports earnings that beat the whisper number, and -2.0% within ten trading days when the company reports earnings that miss the whisper number. Last quarter the company reported earnings one cent short of the whisper number. Following that report the stock realized a 2.9% loss in one trading day, before seeing strength of 5.9% through thirty days.
doesn't look like a strong move either way. read another article saying analysts were expecting a drop, reduction in revenue, etc.
been seeing a lot more ads for their competitors recently as well. if anything I think I'd expect it to drop a bit, but probably sitting this one out.
NukeMedDude said: Only notable company I see reporting after the bell today is H&R Block (HRB). Don't really know anything about the stock to make an halfway-educated guess. Anyone trade them?
up move appears unlikely, flat to down more likely IMO
heyeaglefn said: DavidScubadiver said: Looks like the iPad v.3 will be amazing. I expect sales for June quarter will be a blowout. Did you expect anything less?Not really. I guess I will buy one and keep the v.1 at home to control the DVR and Sonos system.
DavidScubadiver said: Looks like the iPad v.3 will be amazing. I expect sales for June quarter will be a blowout.
I'm not one to go buy a lot of Apple products (poor grad student), but damn if I'm not a huge monitor resolution lover and I love Apple for putting such a high resolution in such a small screen. I hope they start a new trend that spreads to laptops, computer monitors, etc.
Also, at least for now my guess that Apple should stay away from manufacturing a TV and just continue focusing on making a box is holding. Now I just wish they would include a cable card slot and DVR functionality (at least quad tuners)... I think if they did that they would have a killer device and would really eat into the major cable companies revenue.
Didn't get the ZAGG news I wanted, but ZAGG stock isn't moving at all. Unsure what to do. Could close my position now for basically even - but with the change of ipad3 size, ZAGG is probably stock with a lot of ipad2 inventory. hmm.
Why should AAPL stay away from actual TVs? Because it's a competitive market with high barriers to entry? So what. It's definitely worth the effort. An Apple TV set with full iTunes support and a la carte TV content could spell the end of Time Warner, DirecTV, Dish, etc. It's a HUGE game-changer waiting to happen.
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