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post #1 of 43 (permalink) Old 12-14-2005, 12:46 PM Thread Starter
 
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corporations...

Well they just announced that they are shutting down my entire dept. They offered me and one other person a job in another area but everyone else lost their job...Im thankful I still have a job...and angry that most everyone else doesnt...Merry fracking Christmas...
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post #2 of 43 (permalink) Old 12-14-2005, 12:48 PM
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Yup, corprate america sucks. this happens all to often




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post #3 of 43 (permalink) Old 12-14-2005, 12:52 PM
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Yup, corprate america sucks. this happens all to often

And they want you to be as loyal as a dog, only to shoot you in the back of head when you no longer are beneficial to them .

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"Ride it like you have 30 monthly remaining payments" should keep most people out of trouble.
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post #4 of 43 (permalink) Old 12-14-2005, 12:54 PM
 
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That is so typical of big corps. Screw everyone at Christmas time.
What goes around come around, but only twice as hard!
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post #5 of 43 (permalink) Old 12-14-2005, 12:57 PM
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They have to make thier numbers before the end of the year so the stock traders will be happy. sometimes i think the stock market is whats wrong with this world. everything is done to make them happy.




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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

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post #6 of 43 (permalink) Old 12-14-2005, 01:02 PM
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Quote:
Originally Posted by spdrcrx
That is so typical of big corps. Screw everyone at Christmas time.
What goes around come around, but only twice as hard!
In all honesty, I would rather have corporate America do layoffs before Christmas than after. Reason being is that it gives the poor schmo time to budget and plan accordingly. it is much better than saying everything is fine and dandy. Then Joe Schmo goesout and racks up tons of holiday debt only to find out he has lost his job afterwards. It is the lesser of two evils.

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post #7 of 43 (permalink) Old 12-14-2005, 01:02 PM
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it is corporations that keep america in business. employ when they can, and downsize when they have to. thats the same with any business. just on a smaller or larger scale. it sucks yes, but thats just the way it is. it isnt the corporations fault as a whole. there are other players involved. dont hate the playa, hate the game said the ceo of enron...
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post #8 of 43 (permalink) Old 12-14-2005, 01:13 PM
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In all honesty, I would rather have corporate America do layoffs before Christmas than after. Reason being is that it gives the poor schmo time to budget and plan accordingly. it is much better than saying everything is fine and dandy. Then Joe Schmo goesout and racks up tons of holiday debt only to find out he has lost his job afterwards. It is the lesser of two evils.

Yeah but as you may or may not know, many people start their Christmas shopping the day after Thanksgiving. They could have very well spent it by Dec. 14. I say let me know in early November. No need to spend much money on Turkey day either. As I posted earlier, my employer fired someone on Thanksgiving day. I was working when it was done. I told them that was terrible timing for a firing. What happened to compassion?

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"Ride it like you have 30 monthly remaining payments" should keep most people out of trouble.
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post #9 of 43 (permalink) Old 12-14-2005, 01:15 PM
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That left a bad taste in my mouth, and I truly know where I stand. That incedent also got me to start considering other employment options.

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"Ride it like you have 30 monthly remaining payments" should keep most people out of trouble.
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post #10 of 43 (permalink) Old 12-14-2005, 01:31 PM
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They have to make thier numbers before the end of the year so the stock traders will be happy. sometimes i think the stock market is whats wrong with this world. everything is done to make them happy.
I think there's a HELL of a lot of truth to this statement- more than most will admit.

I know some who work for large drug companies- the days after Sept.11, all they were worried about were how the events would affect their stock prices.

Slapped with 3/4 BILLION dollar record fines?
"Cost of doing business. Already budgeted for. Quietly raise prices in certain areas. Pass along cost to consumer. Let Wall Street know in advance so stock price won't be affected long term."
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post #11 of 43 (permalink) Old 12-14-2005, 01:31 PM
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I've had two of my buddies lose their jobs over the last month. One did ONE big project, after that was complete they canned him. They essentially lied about it NOT being a contract job, they had no intention of keeping him after it was complete. The other was a contract employee. His department needed to shave heads, oftentimes contract guys go first (unless it's Motorola, they keep the contract folks and can everybody else).

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post #12 of 43 (permalink) Old 12-14-2005, 01:42 PM
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post #13 of 43 (permalink) Old 12-14-2005, 02:48 PM
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They have to make thier numbers before the end of the year so the stock traders will be happy. sometimes i think the stock market is whats wrong with this world. everything is done to make them happy.
Tony...I can't believe what Im reading. Are you a captialist or not? Without capital financing, corporations could never grow. Stockholders are the true owners of a company and they shares they own represent the future value of the firm. Cutting jobs is sometimes a necessity for a company to survive or remain competetive. I could go on for pages, but I'll just leave it at that.

CamNeely....Sorry to hear about your employer's sittuation.
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post #14 of 43 (permalink) Old 12-14-2005, 03:15 PM
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Stockholders are the true owners of a company and they shares they own represent the future value of the firm.
So what do you think about all of the day traders?

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post #15 of 43 (permalink) Old 12-14-2005, 03:22 PM
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You mean true daytraders? Little or no education, process, or analytical skills? I think they are amateurs...gamblers at best.

BTW...I am by no means a trader.
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post #16 of 43 (permalink) Old 12-14-2005, 03:29 PM Thread Starter
 
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Quote:
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Tony...I can't believe what Im reading. Are you a captialist or not? Without capital financing, corporations could never grow. Stockholders are the true owners of a company and they shares they own represent the future value of the firm. Cutting jobs is sometimes a necessity for a company to survive or remain competetive. I could go on for pages, but I'll just leave it at that.

CamNeely....Sorry to hear about your employer's sittuation.
While I agree with your general statement about capital financing, theres certainly companies that arent public that do quite well. I think its just the nature of the corporate beast. Just a whack ass time to do it is all.
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post #17 of 43 (permalink) Old 12-14-2005, 03:32 PM
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Quote:
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You mean true daytraders? Little or no education, process, or analytical skills? I think they are amateurs...gamblers at best.
That is the big problem right there. The ones who see the market like vegas and not investing. they can ruin a company and put people out of work with one click of a mouse.




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post #18 of 43 (permalink) Old 12-14-2005, 03:53 PM
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They have to make thier numbers before the end of the year so the stock traders will be happy. sometimes i think the stock market is whats wrong with this world. everything is done to make them happy.


I'm not biting today Tony, save it

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post #19 of 43 (permalink) Old 12-14-2005, 03:54 PM
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That is the big problem right there. The ones who see the market like vegas and not investing. they can ruin a company and put people out of work with one click of a mouse.




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post #20 of 43 (permalink) Old 12-14-2005, 03:57 PM
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No really...day traders typically trade small size...even as a collective group they rarely trade more than 5% of the average daily volume for companies with market caps greater than $5B.
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post #21 of 43 (permalink) Old 12-14-2005, 03:58 PM
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No really...day traders typically trade small size...even as a collective group they rarely trade more than 5% of the average daily volume for companies with market caps greater than $5B.
true. they have little or no impact on the real market. Most serious investors consider it just noise. The peak days of day traders are gone. There isn't nearly as much of this going on as most of you think anymore

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post #22 of 43 (permalink) Old 12-14-2005, 04:00 PM
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There's a very good reason why Crazy's statement is true...they lost all of their money.
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post #23 of 43 (permalink) Old 12-14-2005, 04:04 PM
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There's a very good reason why Crazy's statement is true...they lost all of their money.
Yup, most of what's left that is most similar to day traders are what they call proprietary traders. They in no way are like the average Joe Shmoe high school drop out you saw day trading in the the late 90's. These guys are highly educated. I would buy more of this argument if you guys directed anger toward hedge funds. Even still it's not the markets fault companies fall. It's usually poor management or just consumer trends

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post #24 of 43 (permalink) Old 12-14-2005, 04:05 PM
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I am not a financial geek, so I have to trust you guys on this one.


From a laymens perspective who has worked for a few different telcom companies in the last 10 years, one truth is constant and sours one against the market. Stock price drops a bit and all my friends and co workers get layed off.




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post #25 of 43 (permalink) Old 12-14-2005, 04:06 PM
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I am not a financial geek, so I have to trust you guys on this one.


From a laymens perspective who has worked for a few different telcom companies in the last 10 years, one truth is constant and sours one against the market. Stock price drops a bit and all my friends and co workers get layed off.
stock price reacts on company news and consumer trends

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post #26 of 43 (permalink) Old 12-14-2005, 04:07 PM
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Quote:
Originally Posted by Crazy
stock price reacts on company news and consumer trends
and not always in a rational way. normally you would think positive news would mean a positive jump.




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post #27 of 43 (permalink) Old 12-14-2005, 04:17 PM
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Quote:
Originally Posted by Crazy
stock price reacts on company news and consumer trends
Among other things. XOM and COP, for example, share prices tend to follow crude prices and the national crude & distillate inventory numbers. A lot of companies' ahare prices are driven by commodity prices. Others, like the financials, homebuilders and REITs get moved a great deal by Fed policy on interest rates. Then again, I suppose those things can be lumped into "company news."

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post #28 of 43 (permalink) Old 12-14-2005, 04:20 PM
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Do you have an example of what you thought was good news at a particular point in time and the stock price dropped or workers were laid off? There are many other factors going on simultaneously that effect these types of situations.
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post #29 of 43 (permalink) Old 12-14-2005, 04:20 PM
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Then there's also monetary exchange rates, too. The Nikkei (and therefore the companies that comprise that index) took a huge hit yesterday on the Yen gaining v. the dollar, which effects their exports.

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post #30 of 43 (permalink) Old 12-14-2005, 04:23 PM
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Quote:
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Do you have an example of what you thought was good news at a particular point in time and the stock price dropped or workers were laid off? There are many other factors going on simultaneously that effect these types of situations.
I remember in oct, Apple reported record profitts and sales, which by most accounts would be good news. However, it didn't live up to the analysts' hype and the stock price took a big hit. Its not so much whether the news is good or bad, but whether it meets wall street expection or not.

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