I don't think they lost any credibility, it was just time to correct. They changed how they do there business, which is a good thing long term. You can research those changes. It could hit .69 plus or minus, if you like where they are going it might be worth putting some money down on it.
If you are correct, why downgrade this penny stock when it already corrected 40%? So in essence, it was a "great buy" at 1.30, but now at .78 is is just a "Buy?" MONIF improved it long term standing with a subscription based system, so how is that less good? Also, I didn't know that you can downgrade or upgrade an OTC stock?
Wow, short memory. I'm speechless with your post. Why are you people justifying this person with a response?
You are right. People think, even people who should know better, that NOK is in the phone business, which it is not. People get use to a certain way over many years and when things change, the mind freezes and reverts back to the past. Like a rubberband. Cramer should know better, but he is use to the past and it is comfortable, so why strain your brain to think of how things are now. So he gives out misleading opinions, instead of being knowledgeable and on the ball and is living in the old paradigm. He should know better as most people on this board, even if you hate NOK and think it will go bankrupt tomorrow.
Don't you hate when things get dragged out? It is like you never get the absolute answer. I think it is important to let shareholders/investors/gamblers know all the information on how monies are distributed. It is all about Customer Service! or at least that's what they sell us.
I thought Nokia was in another business now or was he meaning MIcrosoft? Let's say the Nokia smartphones sell really well, will the stock of NOK do well or will MSFT stock do well or both? Also conversely, the smartphones are a disappointment, are NOK stock affected or MSFT or both? I'm not sure of the answer because I do not make the rules. Sometimes I think the rules are made up along the way whenever it suit a particular agenda.
The fear in the market is bothering you, huh? I hope you sell.
Fear will make you do things that you shouldn't, then when you discover there was nothing to fear, you kick yourself in the #$%$ for falling for it, once again. Fear is an opportunity for the smart stock people. Not that I'm smart and don't fall for fear, but I hope I'm learning.
I don't see it slowing. Somebody made money on the short side, but this is long term. One would need to expect this every once in awhile, it cleans out the weak hands or the people who think they will be rich next week, we all know those kinds. To me, buy as it goes down, but one doesn't need to mortgage the house to do so. This is a glaring example of an opportunity. I thought that with NOK when I bought in the 3's and 4's last year and think this is a better opprtunity than NOK.
I think you might be correct. That's why it is better to buy a little on a regular basis, you don't need to mortgage the house on NOK stock though. NOK got a new CEO, money and plenty of things it can do, i hope they pick the right things and are able to management them. NOK is a long story, but one needs patience and not worry about every near term quarter.
So you have all that money tied up in a penny stock? Geez. I like the company as well, but I'm adding a little here and little there, won't take a big bite.
I do kind of like the negativity on WFM as it meanders around the upper 30's, it holds down the stock. Until some big institution wakes up and think it is all of a sudden a good buy, even with an OK quarter.
I think to judge WFM at this point is premature, we don't have enough "bad" quarters to make a judgement. I've heard the story about WFM for a decade now and it seems to always to do better. There is a market for there goods and services and while the stock corrected from 58 to 38, this could be a buying opportunity. You buy good companies while they are down, not near there high. I wouldn't necessarily rush to buy WFM, but one nothing wrong with taking some small bites of it. To me it is difficult to buy any stock in the Summer, unless you see a really good oppty.
Monitise may not want to do a reverse split for what ever there reason. It also may take a long time for them to hit 4 so they can be eligible for NASDAQ, unless they can show there business has real legs and you get other powerful people involved to buy-in. There is also a possiblity down the road they could be acquired, especially them getting an Executive from Visa as there co-ceo, who is running the operation. I believe that Visa is setting the path to acquire this company, in my opinion. Kind of reminds me of MSFT's Executive (Elop) became the CEO of NOK. Now one part of NOK's business is MSFT and the other part is on its own. To me, Elop set the table for MSFT to acquire NOK, which is pretty obvious now in hindsight. A good company in a good sector, just need patience and some of your Mad Money. Do not mortgage the house, but add to your position slowly.
Why have dividends in the first place then? Having the stock since it was 3ish I get the dividend, which is great, but now the stock price is 50 cent lower for all non-dividend eligible people or potentially new longer term stockholders. Is the dividend a "reward" or is it meaningless? I do realize that some people or big institutions may live off of dividends, it is there income, but most of us don't live off the income and just reinvest. It seems to me that dividends are good for the very wealthy, which the stock system was set-up to help the wealthy in the first place. The old lay that lives in Old Brookville (very wealthy area of long Island) needs the income. The regular invest is basically a new phonemone. I remember my Uncle in the 1970's and 80's had a Broker who would make the trade for you, then you had to pay him $300 on one trade, depending on how much you were buying or selling. Regular people weren't doing that. So anyway, I'm not sure if dividend are either good or bad for regular investors.