Recent

% | $
Quotes you view appear here for quick access.

Nokia Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • A Yahoo! User Jan 4, 2013 3:40 PM Flag

    I am an institutional trader, let me tell you what is going to happen in last thirty minutes.

    I was thinking 4.22 but in reality you are probably right. Thoughts on next week or going into Jan 24?

    My guess, and yes it is a complete guess, is that we go to 4.90 or higher right to the last hour of trading before earnings and then drop. Then it will all depend on earnings.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I do not know about future. Pattern looks good to me but I will be cautious at 4.4 area since it is the gap price. It may fill the gap and it may not. It really depends.

      You are right on 4.22, it is its fair value -- As the underlying NOK1V = NOK ADR (1 for 1) --- Maths is simple --- 3.224*1.308 = 4.217. But sometimes they will have some gaps ( which create jobs for ADR arbitrage traders --- yes some of them do live arbitrage, but almost everyone does non-live arbitrage, too -- which is not exactly arbitrage but involves some direction trades, like this current situation. If I were at the trading desk now I would but NOK and rational is simple, it is at one percent discount; currency risk is low; S&P rallied after Europe closed.

 
NOK
6.59+0.30(+4.55%)Jul 29 4:03 PMEDT