Huge scale re-org and talks about only new executive positions, would be great if there was some level of transparency over the lay offs that are going to accompany it.
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I'll be happy if they gave me shares in GME and AMC for a package!
Does RobinHood allow the shorting of CSCO? I know my friend could not short GME stop this week or even buy more than 2 shares.
As of 1/15 there were 43,510,000 shares shorted for a short value of $1.97B. That's up from 12/30 where it was 37,650,000 for a value of $1.71B. Short float is 1%. Share price was essentially the same.
If $260M increase in shorts didn't move the stock price I doubt an extra $1M would.
Let's be completely honest with ourselves, what is going is nothing more than a type of stock manipulation. You would think that a stock price would reflect the value and potential of company, but they (ELT) hide this lack of value with indiscriminate cost cutting. Now I am not saying that there are not times when cost cutting is required, but what is going on here is more than just fine tuning operational efficiency. CR, MM and the funky bunch have already decided that Cisco is going to die. CR's role is to keep the stock as inflated as much as possible for as long as possible. MM and the funky bunch are here to keep the masses distracted with cultural, ethnic and political rhetoric. When we fight among ourselves, her job is easy. Keep smiling to our faces and telling us everything is going to be ok, while stabbing us in the back at just the right moment. They will keep doing this until Cisco is a three man call center in some back water location, asking customers to read the numbers off the back of iTunes cards. This is why LRs are stealth and the numbers are not directly revealed to the outside. This is why the best place to work awards are manipulated...etc.
If you have managed to survive long enough to remember the good old days, you know that kind of work culture is worth fighting for. I would rather stand on my feet and go down fighting by trying to create new innovative products, with dedicated and brilliant people then live on my knees like some type of lemming, waiting around to be lead off the cliff. Remember this is our company, not a cow for the funky bunch to milk. I believe the mission to send the message about CR to board was successful, but the failure of action tells us that we need to amp up our game. Now to answer the question.... Are we going to tank Cisco, no of course not but if a coordinated step #2 were to happen all on the same day (next LR date?) that would drive the price down suddenly. If that fails to gain traction, we go to steps 3-5. If we could muster 1K with an initial 1K investment that would give us a crowd funded million to send a message. The idea here is that a million in shorts will trigger algorithms and amplify the effort, ultimately forcing high volume investors to take notice and apply pressure to the board.
Over and out!
Rick C-137
PS: Smooth brain below says it's won't work, what do you think?
Sad if true
"can we short CSCO stock to oblivion?"
I'm guessing you don't know how short selling works...
The 2021 LR package will now include one share of $GME along with all your ESPP and RSU shares converted to a Robinhood margin trading account, free of charge.
can we short CSCO stock to oblivion?
The great news is there will be an abundance of Green New Deal jobs for those restructured.
There is no law stating Cisco has to publicly announce layoffs. Just quietly cut departments in small batches to preserve the brand. I've had meeting where a group didn't show up. Turns out the entire department in Operations was cut without a single announcement.
Too close to the last one. Wall Street would see it as a sign that either A) The company isn't managed well having just completed a $1B cost reduction effort or B) the business is showing significant additional deterioration. We'll see if its B at the earnings call.
More likely to be a "silent LR" as orgs adjust to lower second half budget numbers and the recent org changes. Probably similar to the LR from February 2020.
Stop trolling this is BS.
Is there a sign up list?