An option strategy is implemented by combining one or more option positions and possibly an underlying stock position. Options are financial instruments which give the buyer the right to buy (for a call option) or sell (for a put option) the underlying security at some specific point of time in the future (European Option) or until some specific point of time in the future (American Option) for a price (strike price) which is fixed in advance (when the option is bought).
Calls increase in value as the underlying stock increases in value. Likewise puts increase in value as the underlying stock decreases in value. Buying both a call and a put means that if the underlying stock moves up the call increases in value and likewise if the underlying stock moves down the put increases in value. The combined position can increase in value if the stock moves in either direction. (The position loses money if the stock stays at the same price or within a range of the price when the position was established.) This strategy is called a straddle. It is one of many options strategies that investors can employ.
Options strategies can favor movements in the underlying stock that are bullish, bearish or neutral. In the case of neutral strategies, they can be further classified into those that are bullish on volatility and those that are bearish on volatility. The option positions used can be long and/or short positions in calls and/or puts at various strikes.
http://en.wikipedia.org/wiki/Options_Trading
Because of their wide scope of application within a business, ERP software systems are typically complex and usually impose significant changes on staff work practices.Implementing ERP software is typically not an "in-house" skill, so even smaller projects are more cost effective if specialist ERP implementation consultants are employed.The length of time to implement an ERP system depends on the size of the business, the scope of the change and willingness of the customer to take ownership for the project.A small project (e.g., a company of less than 100 staff) may be planned and delivered within 3-9 months; however, a large, multi-site or multi-country implementation may take years.
To implement ERP systems, companies often seek the help of an ERP vendor or of third-party consulting companies. These firms typically provide three areas of professional services: consulting, customization and support.
http://en.wikipedia.org/wiki/Enterprise_Resource_Planning
A company based in San Diego, California, claims to have sequenced an individual human genome cheaper and faster than ever before.
The company, Illumina, said this week that it had sequenced DNA from the genome of an anonymous African man in “a matter of weeks” for US$100,000. This compares with last year’s announcement that 454 Life Sciences in Branford, Connecticut, had sequenced the genome of Nobel prize winner James Watson in two months for under $1 million. In October, Chinese officials also announced they had sequenced an Asian man's genome for about $1 million.
The completion of the human-genome reference sequence, announced in 2001, took more than a decade and cost $3 billion.
But Illumina’s announcement came before any of its supporting data were made available, leaving scientists eager to see more details before commenting on the significance of the effort. Many point out that the company has an interest in selling its Genome Analyzer, one in a crowded field of high-speed sequencing machines.
http://www.nature.com/news/2008/080208/full/news.2008.563.html
Strong rally has pushed price to the base of giant descending triangle support turned resistance zone at 23 to 21 cents. Further price rally may be capped by 200 days EMA resistance line and the other downtrend resistance lines. Immediate support is the gap support at 17 cents. Profit taking expected in afternoon trading session.
