My ex-wife started a program at Heartland Community College in Bloomington Illinois. Started off as a class for 10 - 15 year olds but expanded to include classes for adults. Computers that were being cycled out of inventory were broken down into components by the IT department.
Students pay their $90 enrollment fee and are given a "kit" to use in the instructor-led class. They learn about the individual components and how they work together, assemble the computers and get some simple troubleshooting experience when one component or another doesn't work.
They then learn how to load an operating system, get their machines onto a network, and at the end of the class get to take home a working computer with 4 year old hardware for $75 plus a bit of sweat equity, not a bad deal for a kid whose family can't afford a computer. The class takes place in 5 two-hour sessions over the course of a week.
It's been popular enough that the local university (Illinois State) and a major employer in the area (State Farm Insurance) have taken to donating old machines to Heartland for the program. Saves on the recycling costs and gives young kids a jump start in the basics of computers.
He didn't buy stock, he bought put options and exercised them.
Here's how they work, more or less:
Stock A is currently selling for $100 per share. A trader a couple of months ago felt confident that the stock would never drop below $80 per share, so he sold put options - guarantees that he would buy the stock from you at a given price - in this case $80 - for a given date. If the price of the stock remains at $100/share, the options will be worthless, because owning shares valued at $100 there's no way I will sell them for $80. However, if the stock price drops to $60, I'd be more than happy to sell for $80/share. The person selling the options has no choice - if I come to him with the contract, he has to buy them at $80/share.
Those options can be traded up to the exercise date. So I buy them three days before the exercise date at a low price, as no one expects the stock to drop that much - the options themselves are worthless. I know the stock will plummet; I buy up all the options I can afford - let's say a buck a pop. Stock price is $60, suddenly those options are worth $20 apiece - difference between the market price and what the trader is obligated to pay.
I think the point is semi-literate intarweb users looking for videos of people lighting their farts are typing utube.com into the address bar of the browser, straining the capacity of a webserver that was probably set up to only handle the traffic anticipated for a manufacturer of tubing.
Slashdot Mirror
Por supuesto...es imposible encontrar alguien que entienda el castellano. Next time try Quechua or something not spoken by millions everywhere.
My ex-wife started a program at Heartland Community College in Bloomington Illinois. Started off as a class for 10 - 15 year olds but expanded to include classes for adults. Computers that were being cycled out of inventory were broken down into components by the IT department.
Students pay their $90 enrollment fee and are given a "kit" to use in the instructor-led class. They learn about the individual components and how they work together, assemble the computers and get some simple troubleshooting experience when one component or another doesn't work.
They then learn how to load an operating system, get their machines onto a network, and at the end of the class get to take home a working computer with 4 year old hardware for $75 plus a bit of sweat equity, not a bad deal for a kid whose family can't afford a computer. The class takes place in 5 two-hour sessions over the course of a week.
It's been popular enough that the local university (Illinois State) and a major employer in the area (State Farm Insurance) have taken to donating old machines to Heartland for the program. Saves on the recycling costs and gives young kids a jump start in the basics of computers.
Maybe Scientology can assign some of Sea Org to assist them
He didn't buy stock, he bought put options and exercised them.
Here's how they work, more or less:
Stock A is currently selling for $100 per share. A trader a couple of months ago felt confident that the stock would never drop below $80 per share, so he sold put options - guarantees that he would buy the stock from you at a given price - in this case $80 - for a given date. If the price of the stock remains at $100/share, the options will be worthless, because owning shares valued at $100 there's no way I will sell them for $80. However, if the stock price drops to $60, I'd be more than happy to sell for $80/share. The person selling the options has no choice - if I come to him with the contract, he has to buy them at $80/share.
Those options can be traded up to the exercise date. So I buy them three days before the exercise date at a low price, as no one expects the stock to drop that much - the options themselves are worthless. I know the stock will plummet; I buy up all the options I can afford - let's say a buck a pop. Stock price is $60, suddenly those options are worth $20 apiece - difference between the market price and what the trader is obligated to pay.
I think the point is semi-literate intarweb users looking for videos of people lighting their farts are typing utube.com into the address bar of the browser, straining the capacity of a webserver that was probably set up to only handle the traffic anticipated for a manufacturer of tubing.
Rocks are hard. Water is wet.