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Nokia Corporation Message Board

hitlerchan 17 posts  |  Last Activity: Jan 29, 2015 4:41 AM Member since: Jun 24, 2013
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  • Reply to

    In other words...

    by ramathelen Jan 28, 2015 10:11 AM
    hitlerchan hitlerchan Jan 29, 2015 4:41 AM Flag

    You can't blame him. He's a socialist and you can see that from his name. In his world, rewards are shared equally across, as are the losses.
    For us capitalists, we know the 80-20 rule. Cut the socialist some slack.

  • hitlerchan hitlerchan Dec 29, 2014 9:24 AM Flag

    Thanks for the tip! Ultimate Stock Alerts has been reliable for the past few stock picks. I'm in on NQ too.

  • hitlerchan hitlerchan Dec 26, 2014 5:23 AM Flag

    Btw, we should differentiate between applengineer and appllengineer. The former at least ask intelligent questions though bordering on biasness towards implying half-truths.

    Appllengineer a.k.a bigjoke20 on the other hand, has shown ill disregard for any ethics towards reporting nqmobile. You may just take his basis that if nq mobile is a fraud and he already assumes it is, then there is no difference creating as much noise since by his nature not much integrity in reporting his opinions should be given to self-perceived frauds.

  • Reply to

    Its about time:

    by twojugglers Dec 24, 2014 12:14 AM
    hitlerchan hitlerchan Dec 24, 2014 4:25 AM Flag

    Apologize. I didn't know u had posted this prior as I only saw your thread after posting the same content. Longs to onvo, cheers!

  • BREAKING: Citron sued in HK
    .

    By Shuli Ren

    Hong Kong‘s securities regulator the Securities and Futures Commission, or the SFC, has begun its first legal action against famous activist short seller Citron Research for issuing a “false and misleading” short seller report on Chinese property developer Evergrande Real Estate Group (3333.HK) and profiting from the companies’ share drop, The Wall Street Journal reported. The commission said it would pursue Andrew Left, the head of Citron Research, through Hong Kong’s Market Misconduct Tribunal, an independent body overseeing allegations of price rigging.

    According to the allegation, Left short sold 4.1 million shares of Evergrande before issuing a short sell report on June 21, 2012, which caused shares of Evergrande fall by 11.4% that day. Left made a total realized profit of 1.7 million Hong Kong dollars ($218,000).

    Citron Research was known for targeting Chinese companies listed in the U.S. in 2011 and 2012. Its short selling reports have caused companies from China MediaExpress to China Valves Technology to de-list. But the research firm’s focus in the last year has shifted back to U.S. stocks. It has a Short opinion on Telsa (TSLA), NuSkin (NUS) and Angie’s List (ANGI). Most recently, it called Textura (TXTR) a “fraud” with $4 price target and GoPro (GPRO) a “convenient fiction” with $30 price target.

  • Reply to

    Leak is out..

    by pwalzqi Dec 18, 2014 3:36 PM
    hitlerchan hitlerchan Dec 18, 2014 4:53 PM Flag

    Could it be Sum Ting Wong?

  • hitlerchan by hitlerchan Dec 10, 2014 12:28 PM Flag

    I do a review of my stocks every quarter and it's now year end. Good time for selling losing stocks to reduce taxes paid.
    Is there something wrong with the stock for you guys? Etrade shows 32cents. Symbol seems to have changed too??
    Was there like a 30 to 1 stock split or something coz I saw a straight line down? I bought it at $16. Must have taken some time to update the stock quantity on my etrade. A 30 to 1 stock split would mean I'm in the red by about 40%. Good for tax reduction, this stock :)

  • Reply to

    Question about future of Greece..

    by coal_bull Dec 2, 2014 9:26 AM
    hitlerchan hitlerchan Dec 2, 2014 10:45 AM Flag

    Correct me if I'm wrong... Given the situation in Greece, I would not bank my money in NBG. I would leave it in a foreign bank other than NBG and put only a token sum of money in NBG so that I can withdraw from the ATMs. No way in high heaven will I park my money in Greece.

  • hitlerchan hitlerchan Nov 30, 2014 8:18 PM Flag

    In any case, I bought OGZPY for a short while at 6.44. Let go at 6.12. 5% lost. I've not regretted though. This morning when the oil market opened, crude oils tumbled again.
    I bought VA last week, it's looking good :)

    Till oil stabilizes, then I will consider going into OGZPY or SBRCY again.

    You happen to live in Russia?

  • hitlerchan hitlerchan Nov 30, 2014 8:04 PM Flag

    The last time I heard the news, Russia mentioned they have totally free-floated the Rubles. If we are to believe them, then they won't be burning through the forex to prop up the ruble as of last month.

    Yes, Russia will lose, but oil and nat gas exporting corporations will gain. I wasn't of the basis that Russia will not lose. It's a matter of when, not if.

  • hitlerchan hitlerchan Nov 30, 2014 8:02 PM Flag

    I typed in "russian oil revenue gdp" into google search. I got this:

    Assuming year-end 2013 prices for crude oil ($111.76/bbl) and natural gas ($66.00/FOE* bbl) the total revenue of Russia's petroleum industry is $662.3 billion (26.5% of GDP), and Russian's oil and gas export earnings are $362.2 billion, or 14.5% of GDP.

    I figure you must be referring to 26.5% + 14.5% = 41%. Correct me if I'm wrong. In that case, Russia is in a more severe crisis than I expected.

  • hitlerchan hitlerchan Nov 30, 2014 7:59 PM Flag

    Oil supply without the prices. typo.

  • hitlerchan hitlerchan Nov 30, 2014 7:59 PM Flag

    I did factor in a $100 level barrel.
    As long as world supply increases higher than world demand, oil price fundamentally should drop. Opec's latest monthly report predicted a further glut in oil supply prices.

  • Reply to

    No new CFO after 3 months?

    by appllengineers Nov 29, 2014 3:26 PM
    hitlerchan hitlerchan Nov 30, 2014 7:16 AM Flag

    Good morning Joe.A.Williams.

  • hitlerchan hitlerchan Nov 29, 2014 2:28 AM Flag

    Russia's oil revenue to GDP ratio of 26.5% is rather significant.

    Russia's GDP is 2trillion USD (2013). 26.5% ~25% of it is 500bn USD. To reduce oil revenue by 25% (from $100usd to $75usd) would mean only 375bn USD. That means annually, Russia has a budget shortfall of $125bn USD.

    From $125bn USD annually, russian govt has to make up for this shortfall by either using its forex reserves or selling government bonds to its local banks.
    Western economies would not buy russian debt let's assume. In comparison to its largest Russian Bank, Sberbank, market cap is only $35bn USD. The problem is Russian banks are limited in lending capacity as it is already volatile to renew its loan agreements with other banks within a 3 month period by western financial sanctions.

    Normally, given Russia's low debt to GDP ratio as shown in this table, there should not be a reason why Russia can't borrow from other banks or its local banks. But it can't borrow due to sanctions.

    So it all makes sense. Russian's current Forex is 370bn USD. In theory, it can last 3 years given budget shortfall of 125bn USD per year, assuming oil price remains at 75USD and budget deficit/revenue remains constant.

    But in practicality, perhaps confidence would have been lost in 2 years. So let's give Russia 2 years.

  • Reply to

    NBG

    by peacefrommike1 Nov 25, 2014 11:57 AM
    hitlerchan hitlerchan Nov 28, 2014 8:33 AM Flag

    I guess that's how paper trading came about.

  • Reply to

    NBG

    by peacefrommike1 Nov 25, 2014 11:57 AM
    hitlerchan hitlerchan Nov 27, 2014 2:51 AM Flag

    The difference is that US banks were bailed out by the FED on condition that they reinvest the capital into US fed to earn 6 percent interest. Punishment was to the c level employees who were temporarily shortchanged in terms of bonuses and compensation benefits.

    For Greece, the banks were bailed out by EU monies on condition that austerity measures were imposed on the Greek government and share(bag)holders. But I believe nbg shareholders are the most generous people in the world.

NOK
8.01-0.01(-0.12%)Feb 26 4:03 PMEST

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