Fact! You're shouting and it's really annoying!
Your math is wrong on the additional issuance of NOK shares. ALU shareholders get .55 NOK shares for each of theirs. Since there are 2.78B ALU shares outstanding, that means they'll be converted into 1.53B NOK shares.
Gee.... market down today.....GLW down by an even greater percentage! Let's all just stop posting useless, meaningless drivel from now on! (Like that will ever happen)
Since humans are so battered by those unreliable psychological forces (and that includes the overpaid but usually underperforming mutual fund manager humans), it's one more argument for just selecting a good mix of low-cost index funds as the sole investment vehicle.
On the days when our individual stock decisions take a wrong turn, the passive success of index funds can seem mighty appealing. I put my all my dad's cash in ten of those with Vanguard in early 2010 and haven't had a moment's regret or stress about his account since!
Phantom, just curious what your view is on Nokia taking on the huge amount of ALU debt......they have a massive $14 billion in long term liabilities, with $5.9 billion listed specifically as long term debt.
(That's including the second short of 10K additional shares he announced later in the same thread)
You're down more than 30 grand in one day on your two short sales buddy. Never short a global powerhouse at the bottom of a deep, temporary dip.