Definition of 'Quadruple Witching'
The expiration date of various stock index futures, stock index options, stock options and single stock futures. All stock options contracts expire on the third Friday of each month and once every quarter - on the third Friday of March, June, September and December - all four asset classes expire on the same day. Because futures and options investors must close out of their positions on those days, they often witness increased trading volume.
Investopedia explains 'Quadruple Witching'
The term "witching" comes from the fact that in the past, the expiration of futures and options contracts occurred not only on the same day, but at the same time. This often resulted in a period of greater-than-normal market volatility, which became known as the "witching hour." Due to this increased volatility and frenzied market activity, many investors approach the markets differently on witching days.
I responded to your post but yahoo deleted it .oh well it was my thoughts on Hidden Reserve/Market Marker's front running / market order's vs limit orders level 2 ie it is a joke . GLTY
Great list .No not at all worried that you were out of NOR well maybe a little bit ! lol Just wanted to pick your brain about what NOR offers the housing market . Now we all know what can be expected going forward from NOR the next 4Q's should be a little better hopefully ? imo Now if we can get rid of half of the BOD's and a new CEO we might take flight ?imo
Costs Associated with Exit or Disposal Activities, Financial Statem
Item 2.05 Costs Associated with Exit or Disposal Activities
On December 17, 2013, Noranda ("the Company") announced planned workforce reductions involving approximately 190 employees and contract workers. The reductions are expected to generate approximately $15 million of annual savings and are part of Noranda's CORE productivity program that targets $225 million of savings from 2014 to 2016.
The majority of these reductions are expected to be achieved through terminations occurring before the end of 2013. Noranda estimates these actions will result in one-time pre-tax charges totaling approximately $6 million, primarily due to termination benefits. Noranda expects substantially all of these charges will be recorded in the fourth quarter of 2013 and result in cash expenditures paid primarily in the first quarter of 2014.
The workforce reduction plan includes approximately 75 employees in the Company's Primary Aluminum business, 30 to 40 employees each in its Alumina, Bauxite, and Flat-Rolled Products businesses, and approximately 10 employees in the Company's Corporate function. As of November 30, 2013 Noranda employed approximately 2,500 people.
A copy of the press release related to the announced restructuring is filed with this Form 8-K as Exhibit 99.1, and is incorporated herein by reference.
It is a start and most likely just the first wave ?
Moody's isn't anything at all just a little side step .Look thur the front window not the rear view mirror .imo GLTY
The new CFO has spoken !
Both the board of directors and the CEO of a small business have a fiduciary responsibility to the business's shareholders. The fiduciary duties are legal concepts that form the basis of a CEO's legal relationship with his company's owners. According to the American Bar Association, courts have ruled that a CEO's relationship with his small business's shareholders carries more legal responsibility than his relationship with his company's creditors. This is because the creditors' relationship with the company exists purely as a result of a legal contract. The shareholders' relationship with the CEO, by contrast, entails both a binding contract and the trust of that CEO in controlling the shareholders' property.
Not the one's they already have in place .Going forward yes it would/could .
BUY = 155 000 Sell=259 000 ? = 11 000 When you have this stock trade with so thin volume and a leadership group that is with out a doubt the worst you are going to get this type of movement to the down side ! I'm still looking for some kind of statement from the New CFO on moody's POSSIBLE down grade of the bond issue it really isn't all that big a deal with for a long long time ? I'm NOT expecting any thing out of the CEO . The board needs to step down along with the CEO in masse .GLTA
in the news .
Good Luck .
Hopefully this will get Kip off his #$%$ ? The new CFO will come in handy . I will be adding on any pull back. BTW it might be Kips swan song Then watch this stock it will head north on the news he has been let go .imo ?
Great to see you again .How are you feeling this fine crisp morning 9 degrees here .burrrr .Grandson's hockey team will play in PITT next weekend you see they have a safe trip up there ok They were in a showcase in Chitown couple weeks back I thought about your Grand kids when we were there thinking that they might be in the building ? Xmas is in full boom .Me an ladders don't go well together I missed a step ! That is going to leave a mark lol .Stay Well old man !!! Your friend Ray .