Are you insane? Even Manson would say you're crazy. The risk is too great. Sure, you can pocket some coin over a period time. But, read on....
But one day, you're going to find yourself caught with a closing price below your strike price, get assigned overnight, get caught with short shares the next business day and be force to cover the short position. AND if a buyout announcement is made on the same evening, then you are F_____ED royally. Do you realize that???? And given that they're leaps, that's a lot of sleepiness nights for a long period of time.
For those longs, I agree with your statement. Look, if GS and MS are accumulating shares, then it makes sense to accumulate too or just stand pat. I think the tough part here is the waiting game. BE PATIENT. Savvy investors have a thick skin to help weather the wild fluctuations of the stock price. This is especially hard to do if you long options. Stay away from options unless you are writing covered calls. Keep in mind that historically, 85% of call/put options expire worthless (food for thought).
Do the due diligence and believe in what you're about to do. Then buy the stock, dollar cost average downward or upward and hope for the best.
I suspect it will happen real-time the moment after NOK shows off their new products in Barcelona (1st week of Feb). They'll make the stock gap up $2. But between now and then, the shorts will get sucked in as the stock slowly inches upward as they continue to short more.
Same ol' wall st shanagans.... keeping the "sell" sign recommendation outside for the common folks to see while they instruct their inhouse traders to quietly hord blocks of shares. Once ready, they flip the sign to "buy" and then their market making cousins go to work with selling you shares on the offer side. The Wall Street machine is alive and well. These firms don't take positions unless they know they've got a sure thing happening.
Just announced: HSBC China PMI has just hit a two year high. And Chinese New Year is around the corner. There will be lines in Shanghia again for Nokia phones. Their economy will grow to likes of the US middle class post WWII.
I bet Elop is going to lowball the Q1 forecast just to spank the analysts in April. Forget tomorrow. Stay focused on the bigger picture. That year end picture will have a pps that will blow your socks off.
Let's offer the shortsellers some ideas to ease the pain. I'll start. Adult diapers. You can find them at Walgreens, isle 4. Hurry up and buy them before your colleague buys them all.
This is typical of analyst work. This is their way of showing off their analysis, their unbiased perspective and to broadcast to other research groups, "hey, this guy is good..." and get offered to work at another firm for more pay.
Believe me...once NOK starts delivering positive results over several quarters, the hedgefund managers will exit very quickly. Managers fear the thought of being the last one out of a bad strategy. It's all a game to them.
LOL......looking for your next masterpiece fr3nchy! I'm laughing more at the ones who don't get your works of art.
Who's ever telling you that placing an open GTC order will prevent your shares from being borrowed doesn't really know how the securities markets works. I would stay away from such bad advice.
Close the margin feature but keep the cash account should do the trick. So long as you have the NOK shares in the margin account, you're allowing the firm to hypothecate your shares.
If you had read the margin account before signing it, you would have caught that.
Perhaps NOK should offer Jerry a marketing job with restricted NOK shares. Perhaps a couple hundred thousand will do the job. You know he'll work his #$%$ off to get even. Better yet, they should hire the rest of his cronies.
It's GO TIME for NOK
You can place a buy limit "or better" order (buy limit above market price) to control your execution price(s). Never do a market order unless you like getting banged up the a__.
Others on this board had said it well. DO YOUR OWN DUE DILIGENCE. Stay away from bozos like Cramer. It's mind boggling to see good people invest thousands (or hundreds of thousands) of dollars on one of his 5-15 second tips. Very scary. Would you do the same for a new/used car or home?
Portfolio managers and wealth managers watch it for entertainment, not for research. Cramer is just a puppet for his buddies and a clown for his ratings.
Do your own DD and continue talking with others; like what you are doing now. Take a course in or get a book in securities analysis. You'll have more satisfaction with your decisions and outcomes.