A Trader Woke in the Night and Sold His Qualcomm Postion - He Lost Out on $50,000

Not everyone was rejoicing at the news that Qualcomm and Apple had settled their differences. An Australia-based trader with the handle ‘Arminoxx’ revealed that he had woken up in the night to look after his crying baby. At the same time, he sold some of his position in Qualcomm, trying to limit his expected losses. That was hours before the firms settled. The move cost the trader a $50,000 return, according to MarketWatch.

“I live in Australia, so I am mostly sleeping during U.S. trading hours,” [the trader] said. “However, I woke up at 4 a.m. and decided to put a limit sell order of $0.06 on my options to salvage my losses given that only 2 days are remaining till expiry, and went back to sleep.” Ouch. Arminoxx, in an exercise in self-flagellation, tallied what he would have made had he slept through the night: $50,000 or a 6,000% gain.

Wisconsin Regrets $4 Billion Foxconn Deal

Wisconsin’s governor wants to renegotiate his deal with Foxconn, saying he doesn’t believe the jobs promised as part of the deal will come.

“Clearly the deal that was struck is no longer in play and so we will be working with individuals at Foxconn and of course with (the Wisconsin Economic Development Corp.) to figure out how a new set of parameters should be negotiated.”

Wisconsin forced people out of their homes, claiming the site of the Foxconn plant was blighted, and now it’s changing its mind. Shameful.

Galaxy Fold is Breaking for Some Users

File this under, “we suspected that might happen.” CNBC writes:

Samsung’s $1,980 Galaxy Fold phone is breaking for some users after a day or two of use. A review unit given to CNBC by Samsung is also completely unusable after just two days of use.

Maybe the customers are holding it wrong. Android Central also has details.

Interview With Qualcomm CEO Steve Mollenkopf

A day after Qualcomm and Apple reached a settlement, CNBC released an interview with Qualcomm CEO Steve Mollenkopf.

Qualcomm CEO Steve Mollenkopf joins CNBC’s “Squawk on the Street” to discuss the Qualcomm-Apple settlement and the company’s future in 5G.

I can’t directly link the video here but I think it’s worth watching.

Tim Cook, Luca Maestri Sued For Alleged Securities Fraud

The City of Roseville employee’s retirement fund is suing Apple over alleged securities fraud. Tim Cook and Luca Maestri are listed as defendants.

Specifically, the lawsuit claims that Apple was not initially forthcoming about a drop in demand for the iPhone due to poor sales in China and the 2018 battery replacement program, both of which contributed to lower than expected iPhone sales in the first fiscal quarter of 2019.

Free Sectigo S/MIME Certificates Limited to One Month

Free Sectigo (formerly Comodo CA) S/MIME certificates, which is a standard used to encrypt emails, are now limited to one month instead of twelve.

On renewing this month, have found that the new issued Certificate only has a 1 month duration instead of 12 months, and if you want 12 months, you now need to pay. (US$48 per year, multi-year discounts available). Note: Sectigo’s Sales Team all ensure me that they still offer 12 months free, despite evidence otherwise.

If you use one of these certificates for email encryption on macOS and iOS, be warned you may have to look for another solution, like OpenPGP.