Wednesday, October 22, 2008

THE ANSWER TO EVERYTHING

Looks like support line broken....finishes under the support I drew.
Report says NBC Universal plans $500 million in spending cuts amid economic downturn
LOS ANGELES (AP) _ A trade paper reports that NBC Universal plans to cut $500 million in spending next year to prepare for an expected continuation of the worldwide economic slowdown. Variety says President and CEO Jeff Zucker announced the cuts Friday...


MRK cuts 12% of workforce
YHOO cuts 10% of workforce

Micron Technology Inc. has announced that it will reduce its workforce by around 15 percent and will slash the output of its NAND flash joint venture with Intel Corp. as part of streamlining its IC memory operations.
Micron said the workforce downsizing will result in about 3,000 job cuts

NEW YORK (AP) _ Texas Instruments Inc., which makes chips for cell phones and other gadgets, warned Monday that orders are slowing down rapidly, and said it will cut jobs to save money. TI said it will reduce its work force by 650 people in six countries...

CUTTING JOBS IS ANSWER.........CUTTING SPENDING.......as economies SLOW.....job loses to COMPOUND PROBLEMS........


HEAVY SELLING today another 90% down volume day....so what did that 90% up day mean?

The heavy selling means sellers NOT EXHAUSTED.....even though we may be....


We'll get through this, my hope was you would with your cash in hand....not sitting and waiting with huge losses.....they REALLY f'd things up folks...


D

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