$30,000 Millionaire said:
Side note: want to witness a corporate governance failure? Look at $LUV.
From what I'm reading, it's mainly due to a software issue that scheduled crews, exasperated by the big storm. What info are you reading?
$30,000 Millionaire said:
Side note: want to witness a corporate governance failure? Look at $LUV.
So only renew Trading View acct on a yearly basis, not the 3 or 5 year plan?ProgN said:
Our collapse is unavoidable and it's being purposefully engineered by our "leaders". Whether it's in 5-10 years, no one knows but when it happens charts will mean zip.
Bird Poo said:$30,000 Millionaire said:
Side note: want to witness a corporate governance failure? Look at $LUV.
From what I'm reading, it's mainly due to a software issue that scheduled crews, exasperated by the big storm. What info are you reading?
Yep. Very good point.$30,000 Millionaire said:Bird Poo said:$30,000 Millionaire said:
Side note: want to witness a corporate governance failure? Look at $LUV.
From what I'm reading, it's mainly due to a software issue that scheduled crews, exasperated by the big storm. What info are you reading?
If you take a look at their senior leader team, notice that a head of technology is not an EVP on par with the CFO, CMO, and COO. What this means is that the people deciding on technology decisions don't have a tech background and are therefore not able to appropriately communicate and understand risks to their business.
They just promoted an internal VP to CIO as well. They're going to have to hire a lot of outside help to dig themselves out.
Buck Compton said:Yep. Very good point.$30,000 Millionaire said:Bird Poo said:$30,000 Millionaire said:
Side note: want to witness a corporate governance failure? Look at $LUV.
From what I'm reading, it's mainly due to a software issue that scheduled crews, exasperated by the big storm. What info are you reading?
If you take a look at their senior leader team, notice that a head of technology is not an EVP on par with the CFO, CMO, and COO. What this means is that the people deciding on technology decisions don't have a tech background and are therefore not able to appropriately communicate and understand risks to their business.
They just promoted an internal VP to CIO as well. They're going to have to hire a lot of outside help to dig themselves out.
One thing I started looking at when looking for a new Finance role outside of my Management Consulting background a few years ago was how they view each department (Tech, Finance, Marketing, Ops, etc.) and how they outwardly present those leaders on their website. What are their titles and if they listed people in a certain order or just did it alphabetically. Most do it alphabetically by level, but even then the title discrepancies are obvious.
When a company lists several operational EVPs and regional leaders before the CFO (or provide much better titles to people in certain areas), then they view the Finance organization purely as accountants, not as business partners or a team that can help drive analytics and better decision-making. It's going to be a boring role. Same with technology leadership or any other support function.
Southwest doesn't even list a technology leader on their official investor relations page. My guess is it is either wrapped under COO, CCO, or Admin. https://www.southwestairlinesinvestorrelations.com/corporate-governance/senior-executive-leaders
Buck Compton said:Yep. Very good point.$30,000 Millionaire said:Bird Poo said:$30,000 Millionaire said:
Side note: want to witness a corporate governance failure? Look at $LUV.
From what I'm reading, it's mainly due to a software issue that scheduled crews, exasperated by the big storm. What info are you reading?
If you take a look at their senior leader team, notice that a head of technology is not an EVP on par with the CFO, CMO, and COO. What this means is that the people deciding on technology decisions don't have a tech background and are therefore not able to appropriately communicate and understand risks to their business.
They just promoted an internal VP to CIO as well. They're going to have to hire a lot of outside help to dig themselves out.
One thing I started looking at when looking for a new Finance role outside of my Management Consulting background a few years ago was how they view each department (Tech, Finance, Marketing, Ops, etc.) and how they outwardly present those leaders on their website. What are their titles and if they listed people in a certain order or just did it alphabetically. Most do it alphabetically by level, but even then the title discrepancies are obvious.
When a company lists several operational EVPs and regional leaders before the CFO (or provide much better titles to people in certain areas), then they view the Finance organization purely as accountants, not as business partners or a team that can help drive analytics and better decision-making. It's going to be a boring role. Same with technology leadership or any other support function.
Southwest doesn't even list a technology leader on their official investor relations page. My guess is it is either wrapped under COO, CCO, or Admin. https://www.southwestairlinesinvestorrelations.com/corporate-governance/senior-executive-leaders
$30,000 Millionaire said:
Bounce soon
I'm guessing SPY is what he meant.Philip J Fry said:$30,000 Millionaire said:
Bounce soon
What do you think is going to bounce?
This is what I can't understand and he has been there forever; I'm surprised that he still has a job this morning.$30,000 Millionaire said:
The biggest travesty, Bob Jordan is an Ag with a computer science degree. He should know better!
"Next week you'll get a 230-250 draw but not before seeing the $4.95 floor get tested."techno-ag said:YaketyYak said:Yeah, I was trading BOIL/KOLD this summer when NG was peaking above $9 and again in October/November around it's current levels anticipating a rail strike bringing coal to a standstill alongside a Freeport reopen.FTAG 2000 said:Natural gas futures have come down to test a year long support / trend line in the $5.00 area.YaketyYak said:
Does BOIL track UK Natural gas futures? They are -10% today.
I may have to reenter soon, but concerned about NG supply outpacing demand first half of 2023 and seeing calls for $3 NG by the second half gives me pause.
It's a fun but volatile one!
Cheers
This comment over on Seeking Alpha confirms some of my suspicions about the holidays and BOIL/KOLD.Quote:
Many of the comments here show a fundamental misunderstanding of natgas markets, and the broader commodity trading space in general. I work as a trading and supply sme for a supermajor and will tell you, most of us trade vol; and, while vols are up, we are also taking profit and closing positions from this year on hedging programs. This forced selling drove down the market, and the etf's disconnected so drastically from underlying gas contracts (asset npv) b/c of investor sentiment alone. More positions come on the books in early jan. For now, traders are closing positions pre-holiday ahead of 12/28 nymex roll-off and holidays, when there is historically light volume. If you're one of these people still assuming the Biden admin is driving gas markets, you need a better education in supply/demand econmics. They have no ability to do that in deregulated markets. For now, expect downside pressure into january until you see long term forecasts change colder. Next week you'll get a 230-250 draw but not before seeing the $4.95 floor get tested. Stay tuned
https://seekingalpha.com/news/3919831-us-natural-gas-inventory-fall-smaller-than-expected
TL/DR: prices stay suppressed until January.
Yep. Every bit of their revenue relies on technology. To book, to track, to maintain, to collect, etc.$30,000 Millionaire said:
Not weird at all, unfortunately. Many organizations view technology as a cost center or like an internal subcontractor to "the business".
It's possible southwest is this way. Ironically, literally all the revenue is generated via technology.
$30,000 Millionaire said:
I think 3795 will be very hard to break.
No support anywhere, I believe we see the Nasdaq below 10K by close of Friday.Spoony Love said:
Kind of shocking how easily it wne through
Spoony Love said:
Kind of shocking how easily it wne through