Not only end of month, but end of fiscal for a lot of mutual funds. Due to tax rules, many will dump losers and under performers by end of day to avoid taxes on some of their portfolio gains. Could be good for the VIX anyway...if Sandy doesn't bring enough.
Also...Facebook. A lot of employees we're "locked-up" in their stock (from the initial float), until Monday past. Since no trading was done, a bunch of them may dump today. Did gap down at the start, but will be interesting to see how that plays out over the day.
Apple...big shake-up. The guy put out was loved by Jobs, but few others. A lot of blame of the "shiteness: of Siri and Maps is being hung on him....and...releasing things according to a "schedule" rather than...when its ready. They just announced iTunes 11 won't go live till end of November, as opposed to end of October (scheduled release). Think it'll be long-term positive (Ives doing interfaces should be great)...but may spill more blood short term. Yer man wouldn't sign the apology for how crap Maps was when it launched...kiss of death, ultimately.
Anyway...ho-hum.
Oh yeah...Lucas? $4.05 billion to Disney? Now you can grow a few more chins, jawn-o!
Star Wars VII, VIII, X, XX... here we come.
Also...Facebook. A lot of employees we're "locked-up" in their stock (from the initial float), until Monday past. Since no trading was done, a bunch of them may dump today. Did gap down at the start, but will be interesting to see how that plays out over the day.
Apple...big shake-up. The guy put out was loved by Jobs, but few others. A lot of blame of the "shiteness: of Siri and Maps is being hung on him....and...releasing things according to a "schedule" rather than...when its ready. They just announced iTunes 11 won't go live till end of November, as opposed to end of October (scheduled release). Think it'll be long-term positive (Ives doing interfaces should be great)...but may spill more blood short term. Yer man wouldn't sign the apology for how crap Maps was when it launched...kiss of death, ultimately.
Anyway...ho-hum.
Oh yeah...Lucas? $4.05 billion to Disney? Now you can grow a few more chins, jawn-o!
Star Wars VII, VIII, X, XX... here we come.
anyone else has the one where she craps real basketballs?
