Nokia should probably launch multiple lawsuits against the media outlets that ran that fake story: it's not even remotely credible, but at least Suri had enough smarts to come and out publically denounce it as being false and misleading. It's an extremely damaging misperception put forward by those who are dead set against the rise of NOK. They clearly understand that the pps will invariably begin to rise without some drastic intervention. I would like to personally lead a squad of US army rangers to their front door and then use extreme prejudice to deal with those paying to circulate this misleading garbage in the public light. Nevermind the lawyers, pass me that RPG!
Fortunately, we have solid momentum behind us and everybody under the sun is aware that Nokia is alive and ticking, so no need to sell anything. We just need to walk tall and carry a large tactical nuke in our backpack for when times get tough ;o)
Cheers Bananna :o)
It's almost hard to believe that mainstream business media distributed such an absurd story about Nokia getting back into the mobile phone industry in a big way, without even one shred of proof to back up those misleading claims. Somebody really really really wants to keep the price down, and I'm guessing it's a 3rd party who wants to either accumulate or ride the elevator up n' down (aka Rinse and Repeat) one last time for the sake of raking in some illegitimate dough.
There never was any credibility to that story, and it's important that people understanding the price is being manipulated in a negative fashion. However, that also means it's time to move up again, at least when the general market environment allows for it. NOK is sure as hell worth more than just the mid 7's at this point, and those of you throwing in the towel are being tricked into believing this ALU thing is bad news. If it was that bad, then you wouldn't have gangsters bribing the media to publish misleading stories to help contain the price. Enough said already!
Sentiment: Strong Buy (RTM)
Somebody else bribing mainstream business media does not mean there is confusion in the ranks of Nokia's upper echelon. The story was a fabrication and was generated and distributed for nefarious purposes. Oh look, the price went down! Mission accomplished ;-)
Somebody is trying incredibly hard to keep the price of NOK from exploding upwards. That story about getting back into the mobile phone business was not floated by accident. Rinse & Repeaters don't wanna let this bird fly, but too bad, because it will take flight soon. The sale of HERE is coming soon and Sammy is going to be paying out as well. Stay cool amigos, and keep yo' eye on the moving target...
Sentiment: Strong Buy (RTM)
There never was any truth to that stupid rumor, and Nokia's former mobile peer competitors are well aware the story was nothing more than a fabrication and misrepresentation. Nokia is willing to stamp their name on certain hardware because the name still has some credibility and value. However, they have no intention or interest to produce their own machinery, and the real reason that story got floated was because somebody paid mainstream business media to publish it in order to drop the value of the stock. The Rinse & Repeaters don't want to surrender control just yet, and they are certainly not above bribery to accomplish their objectives. However, Nokia killed the rumor faster than I had expected. Suri finally did us a big favor, although that's strictly related to extorting money from patents, and not because he or the other Board of Director members care about shareholders.
fr3nchfraud (aka Dorian PC) doesn't like anybody who's smarter than him, and that means just about everybody else on this message board ;o)
Well, it's a down day on the market, and ERIC did poorly with it's quarterly earnings report, which for no valid reason is being used to pre-determine Nokia's earning situation as well (sigh). In other words, NOK will not do anything spectacular, at least not until HERE is sold, and the results of the Sammy arbitration dealings are known to us. However, the ALU dealwill be consequential to the value of this stock down the line, and in a very positive way if things go according to plan.
NOK is an excellent long term play - however, for day-to-day trading it's going to be relatively boring, and will probably stay inside the predictable range that you have stated (7.60 being the lower end).
I believe that Suri cares about the company, but less about about the stock or the shareholders. He probably figures that situation will take care of itself eventually, and the success of the company will breed success for it's shareholder community. However, until the general market community can be convinced that Nokia is alive and well, and back from the dead, were not going to get to the kind of healthy and sustained increases that other stocks can attract. NOK moves down very quickly on negative news, but at least it's relatively stable, and those who are currently under water won't go down much, and simply can wait for the rising tide again. Long term, NOK is an excellent value play, and deserves to be in everybody's retirement portfolio...
Respect is for those who have already been successful twice over. This is a work in progress, but I have no doubt that Suri is the right man to lead the charge, and Nokia's future prospects are brighter than ever.
Sentiment: Strong Buy (RTM)
I figure that HERE is probably worth halfway in between what they paid originally (8 billion), and the amount Bloomberg has misquoted (3 billion). Business is a lot like the cold war - both sides lie, and so you take the balance to find the truth, which is typically some where in the middle.
I am not super worried about it, and expect that Nokia will get a good price, and fair market value for it. The idea they are dealing from a position of weakness is complete and utter nonsense.
Yes, we had this conversation before, but if you have a minute, I'd like to tell you another story about myself. It all started with a dry martini...
That reminds me of another story about myself. This will only take a minute...