In August, Goldman Sachs cut NOKIA to sell, so they bought 55 millions shares cheap.
I think that shareholders should sue them.
Goldman Sachs (NYSE:GS) cut its rating on Nokia’s stock from “Neutral” to “Sell” at the beginning of August with a price target of $1.6 for the American depository shares. The decision raised a few eyebrows because the investment bank is the phone makers top institutional shareholder, with over 116 million shares.
Owner Name Date Shared Held Change (Shares) Change(%) Value(in 1,000s)
GOLDMAN SACHS GROUP INC 09/30/2012 116,377,303 55,090,120 89.89 343,313
If Goldman and the others did not do this bashing of Nokia, we wouldn't be able to get the shares cheap, so I have no problem with them doing this... Thanks to them I got in cheap at around $2.5... I know they can't be trusted, but they actually help us to get in at low valuation... Do you own analysis!
don't expect a leopard to change its spots. I've said before, the only regret I have about buying NOK, is having to share the profits with the garbage at GS.
Seriously, this is not sour grapes, this company has a sign on it's back. If you work for them, this is how you are known. - By the comany you keep. Money justifies anything for some. But people throught the world know you for what you are. - subhuman waste.
They lie, they manipulate - there is no honor in WS except between themselves. It's so bloody obvious, but nobody is doing anything about it. Just have to see who are the worst unethical liars and either ignore or go against their recommendation. GL - It ain't over yet, it's just beginning :)