I told you guys I had a gut feel that Nokia was headed the wrong way, I truly hope some of you listened to me....my god, these numbers are horrendous.
If you can no longer trust management to tell the truth to shareholders, it's way past time to get out. Suri told everyone at the CMD they would not do any large acquisitions...now we know the truth. Not only will Nokia have ALU's cash burning machine to deal with, they will need to look to their own NSN. Nokia here is still overpriced.
Suri betrayed everyone. I hope the board fires Suri, fires Risto, then fire themselves, because once again Nokia had it made and then they went and destroyed themselves with their own greed.
Nokia just lost some major multi-year support levels that go back to the Msft deal...technical traders will now come in and hammer the remaining life out of this stock. ALU's first gift to Nokia..it's 9 year long no profit bad luck...
and Suri thinks he can handle the landmine that is ALU when he can barely make NSN profitable? He needs to be fired, Risto needs to be fired, the board of nokia needs to be fired. This is an unmitigated disaster.
every single time I've seen this happen, the technical traders and algos come in to push the stock in a new unrelenting downtrend...and Nokia just lucked out, the next correction seems right around the corner...Jesus what an unmitigated disaster. You guys had better be very afraid.
You'd be insane to dump it all here. Finally there's a reason to think this stock could be bright in the future. As you know, I have not been keen on this one since it traded north of $8.50. Many thought the Samsung deal would drive it higher, I had mixed feelings on that. But, old Sydney, you are correct, risk has increased, and that is exactly what old NYSE was looking for. Less"