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Nokia Corporation Message Board

binturong13 10 posts  |  Last Activity: Jul 12, 2016 12:00 AM Member since: Apr 23, 2015
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  • binturong13 binturong13 Jul 12, 2016 12:00 AM Flag

    Crystal ball? No way, and I apologize if my post came off too strong. I sold most of my shares because my cost basis was under 8 and I had decided to book profits. I've been in and out of Alon for years and have seen the share price over 40 (before divestiture of ALDW) and also at the other end at very low prices and know the refining sector goes through periods of boom and bust. If I had a 'crystal ball' then I would have sold all my shares last year, but I kept a small amount just in case the run wasn't over and also held onto it and have ridden it all the way down because I keep a better eye on stocks when I have a position in them. As I wrote, this stock could continue it's downward trajectory, and the news today of the company seeking options from JP Morgan makes me bristle that things aren't all together well and there might be a secondary offering or some other ploy that will take the share price down quite a bit more. Considering the crack spread narrowed significantly and the amount of profit margins has been squeezed the past few months I'm a bit disappointed but not surprised that the BOD hasn't acted more aggressively in reducing/ cutting the dividend to preserve capital levels. But I've seen this way too often in publicly traded companies, the BOD are incompetent or simply too stupid to take swift actions early in hopes of propping up the share price which in the end costs shareholders even more.

  • binturong13 binturong13 Jul 10, 2016 6:58 PM Flag

    When did Tesla start manufacturing trucks? For what you pay for one, it should be a home.

  • binturong13 binturong13 Jul 10, 2016 1:40 PM Flag

    "I hear you, but at the same time you probably couldn't imagine it dropping from $20 to $5.86 either before that happened. "

    Actually, I sold shares of Alon last year when it was running up first in the mid/high teens and then in the low 20's so yes I guess you could say in fact I did imagine it dropping from 20 to 5.86. What I couldn't imagine was the speed at which the bottom has fallen out in the stock and I have taken my gains from Alon 's sale last year and have rebuilt my stake to even more shares than I held back in 2014 and will continue to add a little more since I still have some funds left (not that much anymore). I'll also admit that I'm not optimistic that we'll see the stock run up back to the 20's anytime soon, this investment I'm making is for a long term play, but I wouldn't be surprised if we see another run up to 20 in the next 5 years if you have the patience. Of course, if the tide turns for refining companies, Delek may come back and try and acquire the remaining stake, but it will be interesting to see if the Board approves a buy-out (of course they will if they are given board positions where they can make easy money working as Delek directors- I'm not that naive).

  • Reply to

    texas has wide open open carry laws...

    by im_off_ignore Jul 8, 2016 2:43 PM
    binturong13 binturong13 Jul 9, 2016 8:50 PM Flag

    Thanks. I was just prodding him since governor Brown just added a few more twists to one of the most regulated gun control states in the Union. But I did want to add this piece (copy and pasted Jeye) as part of my sincere wishes of gratitude for your informative post:

    Republicans in California supported increased gun control. Reagan was present when the protesters arrived and later commented that he saw "no reason why on the street today a citizen should be carrying loaded weapons" and that guns were a " ridiculous way to solve problems that have to be solved among people of good will." In a later press conference, Reagan added that the Mulford Act "would work no hardship on the honest citizen."[3]

    The bill was signed by Reagan and became California penal code 25850 and 171c.

  • Reply to

    texas has wide open open carry laws...

    by im_off_ignore Jul 8, 2016 2:43 PM
    binturong13 binturong13 Jul 9, 2016 5:51 PM Flag

    No my friend (larry) you misread and misunderstood. The topic began with a discussion about guns and Jeye posted a response and then went off another one of his tangents about Democratic Politicians getting nabbed for illicit activity. Webby gave him a nod of approval on the off-topic portion and I called him on it since the last thing we should be doing is encouraging Jeye to continue to go off on his tangents in the middle of a thread (he needs to learn to start a new thread). Webby then so 'politely' told me to $^$%&#- off (twice). Such an eloquent genius that Webby is..............

  • Reply to

    texas has wide open open carry laws...

    by im_off_ignore Jul 8, 2016 2:43 PM
    binturong13 binturong13 Jul 8, 2016 10:43 PM Flag

    Poor webby, you live in CA and the legislative body is passing more laws until they eventually come and take your guns away. Yup, they're coming for you webby, time to pack up and leave the state so that you can move in with your beloved off topic hero. It's okay bro', it's not the 1980's anymore and Ronald Reagan is no longer calling the shots. Or are you going to flip the bird to me again? So creative (NOT). Maybe you and qqq are related? (Seven years of posting and nothing but the same old negative, tired rhetoric).

  • Reply to

    texas has wide open open carry laws...

    by im_off_ignore Jul 8, 2016 2:43 PM
    binturong13 binturong13 Jul 8, 2016 9:04 PM Flag

    And that my friend is probably the most intelligent post you've made in a long time. Thanks for the compliment, I'm honored. (Maybe I need to reconsider giving you more credit than qqq, evidently you are here with a #$%$ and moan attitude as well). Have a nice weekend.

  • Reply to

    texas has wide open open carry laws...

    by im_off_ignore Jul 8, 2016 2:43 PM
    binturong13 binturong13 Jul 8, 2016 7:48 PM Flag

    Good? You are encouraging his off topic comments? You two belong together.

  • binturong13 binturong13 Jul 8, 2016 11:17 AM Flag

    Probably, but I still have more funds available and will gobble up more if it drops significantly below 5.85. Considering the stock has already plummeted quite a bit off it's highs in the 20's, I would be surprised if the stock falls below 5 dollars and couldn't imagine it falling below 4 dollars without some significant event/ dislocation in the company or general markets.

  • binturong13 binturong13 Jul 7, 2016 11:20 PM Flag

    Well, I'm hoping the board announces a dividend cut so the share price will take one more trip to the downside because I have another order in to purchase some more shares at 5.85. Come on BOD, I want to load up some more shares before the next cycle up again! Hang in there longs, remember that when it looks bleakest is the best time to acquire shares on the cheap.

NOK
5.79+0.07(+1.22%)Sep 30 4:01 PMEDT