Thursday, May 17, 2012

Hewlett Packard Getting Ready To Axe 30,000 Jobs

Now all Obama has to do is give them student loans and they can go study sanitation engineering at University of Phoeniz online and they'll disappear from the labor force!  LINK  Great way to once again lower the unemployment rate!

11 comments:

  1. Most of the jobs lost will be after the election: So Obama will be able to Blame: Obama for inheriting the mess.

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  2. LOL. Curious George would never take the blame for anything. But if the sun rises in the east tomorrow, he'll give himself full credit.

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  3. 'It is not certain that some wicked one of your race will not find out a secret as evil as the Deplorable Word and use it to destroy all living things. And soon, very soon, before you are an old man and an old woman, great nations of your world will be ruled by tyrants who care no more for joy and justice and mercy than the Empress Jadis. Let your world beware. That is the warning.'

    Aslan's warning in C. S. Lewis' 'The Magician's Nephew'

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  4. hey dave, do u still hold shares of ECU/AUM? WTF has been going on with the SP?!?!

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  5. added to the fund position yesterday and bought some calls on it in my own acct. there's been a big position by a big fund. a large fund has liquidated its position. Gilder Gagnon was one of the largest holders and they buy everything on margin and this week has been capitulative forced dumping. from Gilder's website: Our firm was founded to help small investors build significant capital over time.

    Since we believe in owning as many promising stocks as possible, we generally buy on margin.* Borrowing to invest can force liquidations if the market collapses, so we try to balance this exposure by selling short.

    I believe below $4 on this stock is about as compelling a price on any stock i've ever seen

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    1. Do u still have shares left over from the ECU days? There are rumours flying around they will need to raise cash! As they have almost burned through their reserves.

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    2. Rick, yes I do. Instead of listening to bullshit rumors, why don't you go to the company's website, like I do all the time, and look at the most recent 10-Q filing. They have $32 million in cash, which is MORE than enough cash for the next 12 months.

      I wish people would do due diligence. I expect 90% of the market retards to never due diligence and they don't. But people who read this site know that I emphasize: DO YOUR FUCKING OWN DUE DILIGENCE.

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  6. Golden Minerals Announces High Grade Resource Estimate for Velardena Property in Durango, Mexico

    http://www.marketwatch.com/story/golden-minerals-announces-high-grade-resource-estimate-for-velardena-property-in-durango-mexico-2012-05-18?reflink=MW_news_stmp

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    1. My colleague will be chatting with management later. I know their projections are for being cash flow positive over the next 4 quarters. Obviously this depends on the price of silver. They absolutely do not need to raise cash.

      In fact, they have 2 non-core properties on the market and one Canadian stock analyst has valued them at $100mm combined. I dont know if that's a good number, but I don't even include those properties in my valuation analysis.

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  7. Any updates on AUMN?

    Thanks!

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    1. Ya. I bought more call options on it and it's trading higher today. I like it anywhere below $5.

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