Can you trust in what they say?
You can consider what they say, but only in the context of your own research on fundamentals - your independent assessment of the potential value of the stock. If you have a good understanding of the fundamentals surrounding a security, then you can make informed judgements about Wall Street views and comments. Critical, and difficult - you must be prepared to change your mind - as John Maynard Keynes once said, "When the facts change, I change my mind". Easy to say, harder to do, and failure to change decisions is why too many people lose money....
I really think there is something sinister going on here with AAPL and NOK. Seems to me that Wall Street keeps trying to prop up Apple and meanwhile trying to push down NOK. These people are knee deep in AAPL stock and want out. Meanwhile they are accumulating NOK stock and want to get a good price. Watch what they do not what they say.
You are absolutely correct, there were over 350+ hedge funds, countless pension funds, etc. that piled into Apple because Apple was going up. It wasnt the average retail buyers that pushed Apple's price to the stratospheric level it hit, it was big money, now they are screwed.
I think you're right but how long can they ignore real numbers, real deals and real sales?
Like the most recent China Unicom fully subsidized, FREE 920, with a 2 year contract added to a similar China Mobile deal where Nokia now has a free $750 flagship being offered to nearly 1 BILLION customers. And on top of that you have the excellent and very affordable 620 and in a few months a revolutionary flex phone.
All of this cannot be ignored come Jan 24th and the real numbers come out. But the odds are there's gonna be hard, reputable leaks before that. So let them play their games cause it's only a matter of weeks, maybe even days before they get caught with their pants down.
Sentiment: Strong Buy