I was looking for an entry point to short this stock and today I got it as an Idiot pushed the stock higher .
I shorted 7K at $24.61 .
MMI will follow the Nokia foot step and will fall as its OS is one of the worst .
Hackers are attacking it and unlike Iphone, you can easily destroy this phone as the Apps not screened and thus the phones are not stable .
The stock has constantly dropped on a weekly basis for one reason and one reason only and that is it will fail .
Nokia went with Windows for a reason considering Android is free and yet Nokia decided to pay for using Windows as Windows is lot stabler than Android .
Bottom line is nothing can beat Iphone as all Apps are screened and the OS is fantastic .
I must thanks the Idiot who bought the stock and pushed higher and gave me an excellent entry point .
Be smart and sell and get into something that makes you profit and not loss
Yep.I believe you are referring to me shortski.
Show me the money please.
Youv'e covered by now I'm sure.
If not, who's the idiot.
Even more, who would make a fool of themself, announcing such stupidity.
""Youv'e covered by now I'm sure.
If not, who's the idiot.""
I covered at $25.00 the minute it opened and then shorted again around $26.49 and when it dropped I covered around $25.39
This is not the first time the stock has moved up. Look at the chart and you see many times the stock has risen and then fallen .
Why do you think the stock that was $36.00 is now $26.00 .
Also, look at short interest and it has gone up . That means short sellers did not cover each time the stock moved up couple of points .
The problems are :
1- This is a crowded space
2- This is a mature company and increasing sales and
bottom line in a meaningful way is very hard
3- Iphone is now selling for a mere $49.00 and now with
VZ carrying it, every one will go for an Iphone
4- The OS of this phone is not stable and hackers are
killing it with viruses
5- The company has been in the smart phone business for a
long time and still losing money .
6- Nokia is re-branding and using Windows which has a far
better OS than Android and thus will take market share
I can go on and on but now you may understand why short interest has gone up . This company will have a face but nothing to get excited about
First, SPEAK ENGLISH FVKHEAD, OKAY?
Second, you really think people will believe that some illiterate retard just happened to short this stock within $0.05 of the HOD. It only proves that you're not only a RETARD, but you're too f*king dumb to realize that you're a RETARD.
Market is buying and selling . Some buy and some short . No need to get upset. If you want to stay in denial that is your problem .
Look at this chart and it shows that any time the stock goes up it falls more . That is because the buyers realize they made a mistake and when the stock rises they sell into it .
If you believe it will make you money then stay in it . I believe the money can be made on the short side.
We shall find out in couple of months