These two join links here are manipulators. they did the same tactic while SIRI just turning around in the first profitable quarter earning. One commented SIRI was worth nothing and the other boosted sale against the grain at the same time. Both aof them are stock bashers
NOK began high volume for the past two days beginning at 4.30 am in the morning.Those orders should be from outside the US. There might be something going forwards or the stock is oversold before. Base on the company cash position , it is worth to hold base on the current value per share.
I saw a major article just now about a rumor floating around that Lenovo was gonna make a buyout offer. Right around the time today when Lenovo said the rumor was a "joke" is when the bubble popped. So we spiked today on the Lenovo rumor.
But given Lenovo is in no position to buy Nokia I hope the last week's huge run had nothing to do with this Lenovo rumor. But I fear it might have since the stock was trading as if there was a leak. Maybe there is another leak but that's doubtful at this point.
So of we're up over the the last week cause of this Lenovo rumor then we're headed back down. I'm happy with that as I have more money for 2014 calls.
A leak from whom? From the company? If the company knew an offer was forthcoming why would the directors do a boneheaded thing like buy shares in the open market a few days before said offer? Doesn't compute!