Cramer's Article....speaking out of both sides of his mouth now...
We sit here puzzled every day about how Nokia (NOK) or Hewlett-Packard (HPQ) or Best Buy (BBY) or Research In Motion (RIMM) could go up over and over again on such little news.
To me, though, that's not the right observation. I think what's really going on is that they went down way too low in 2012, and all they are doing is recovering from some pretty hideous losses. In fact, I could argue that they never should have fallen to where they got to.
Let's start with Nokia. Here's a company that has a gigantic share of the cellphone market and even the smartphone market, with a terrific entry into China with its partner China Mobile. The stock fell to about $2 and stayed there, even as the company won the Chinese business, sold its headquarters to fix its balance sheet and laid off a huge number of employees to stem the losses.
These were all the actions taken by a company that was recognizing its problems and taking action, but the market didn't want to hear anything about it, and the stock was endlessly downgraded. It has since almost doubled.
Isn't funny....for months the guy trashed the company endlessly and now his new enlightened perspective that they did and are doing everything right....I cannot believe this guy is actually listened to.