It just sold some couple of hundred thousands of phones...
What did Nokia change from a few weeks ago when it was at 4.70, appart from making PROFIT again after a long long time?
This is just a normal correction after an abnormal decline after posting good quarter results!
The stock rose on Wednesday because TheStreet.com, edited by Jim Cramer, released a research note titled Two Stocks to Buy and Three Stocks to Sell. One of his stocks to buy was Nokia. Cramer is the same guy who released a research note last week titled Four Great Stocks to Buy for February and One Stock to Sell. What was his one stock to sell in February. It was Nokia! That is the reason shares of Nokia fell last Thursday, Friday and then again this last Monday! Cramer receives good money for being 2 faced. He covers himself no matter which direction shares of NOK go. Meanwhile, there are 23 million of us out here who do not even have a full time job! We could give out better stock advice in return for receiving a good wage without having to be 2 faced when it comes to the advice that we are giving!
Wrong. It is one day closer to putting Viet Nam into play. It is not there yet, but it is inevitable.
You see, the real news came with Elop's burning platform memo.
It takes people a while to catch on.
The new plant is assembly of parts from suppliers. The new plant can't assemble if they're missing parts. It is an open question if the new plant will help to increase production so long as Nokia's supply chain is unreliable.