maemo.org - Talk - Let's talk Nokia stock!

Oh, I do agree that regular market fluctuations can affect a slight raise or fall of any given stock, I was not baffled why it went briefly above the opening value - I'm baffled why it hasn't drastically (i.e. 10%+) crashed. I mean, Microsoft announcement pretty much spelled: massive loses for Nokia in Q3, and with already bleak Q2 I don't get why it hasn't affected the stock market.

Maybe the last echelon of investors willing to short their stocks went away when the stock went bellow 2€, so now we only have investors that are betting on a long-term value; or the stock price is holding its value due to expected takeover and the bidding war in the process; I have no other idea why it wouldn't be affected. Still, when Nokia releases Q2 results I'm quite confident that even the most optimistic investors will leave the ship...

I think I specifically recall Lumiaman, TextRat, Qgil (401K?) and a few others on here bragging about what an awesome buy Nokia was as it continued to sink.. and they even went on to claim they were going to buy a bunch more shares. Just curious--how's that worked out? Did you end up selling those shares at a gain or a loss, or are you still holding them? Are you still buying more? Would you still call it a good deal? Mind you--I realize you're not giving out investment advice.. I'm just curious, since you guys did volunteer what you were doing in the first place. Come on... let's talk Nokia stock!

gerbick

2012-06-23 05:15

Re: Let's talk Nokia stock!

Quote:

Originally Posted by danramos (Post 1226073)

Come on... let's talk Nokia stock!

It'll be less than $1 USD in a month. I bought in once at like $8.07, sold at $8.47 or so, avoided the broker fees by doing it myself, reinvested elsewhere that very small gain.

And now... I'm just out to buy it before it become a penny stock and get a stock certificate. I still have my Macromedia stock certificate before they got bought by Adobe - I have one of those too.

danramos

2012-06-23 08:13

Re: Let's talk Nokia stock!

Quote:

Originally Posted by gerbick (Post 1226095)

I wonder if I shouldn't do the same to get a single cert to put next to my rarely-used, open-core and unupgradeable, Nokia N800 for pictures to put up on eBay. It doesn't seem to sell as it is. :)

zwer	2012-06-25 09:00

Re: Let's talk Nokia stock!

Quote:

Originally Posted by gerbick (Post 1226095)

And now... I'm just out to buy it before it become a penny stock and get a stock certificate. I still have my Macromedia stock certificate before they got bought by Adobe - I have one of those too.

Do you happen to have Boston Chicken stock certificate as well? I mean, it appears you are tracking Elop's successes for quite some time ;)

It appears that the news of the second Osborn finally crossed the Atlantic pond - stock price went down >6% within the first hour of OMX opening, and it cannot be attributed to regular fluctuations. I don't think it will go bellow $1 within a month as you suggest, but a serious drop will be when they publish Q2 results... What can bring them bellow $1 is when they publish a new profit warning for Q3 which will be the direst so far, and will probably happen in mid August.

If somebody is still interested in Nokia as a company, that's when the buyout might be attempted, otherwise they'll let Nokia slide under $1 and eventually it will be sold in parts, where the main interest will be the IP. Microsoft, as it appears, have given up on Nokia... Smart people, they have a plan B (and probably C and D), unlike Nokia...

danramos

2012-06-25 09:15

Re: Let's talk Nokia stock!

Quote:

Originally Posted by zwer (Post 1227037)

Do you happen to have Boston Chicken stock certificate as well?

Irony! Until you mentioned it, I had never heard of "Boston Chicken" and had to google it up. I had only seen "Boston Market" stores all over the place, and now I find out Boston Chicken is the parent company. I've lived in Massachusetts for 34 years of my life and had never seen a Boston Chicken before--mind you I'm on the complete Western opposite side of the state from Boston, but it still seems surprising. I had no idea they were doing so badly. heh

Quote:

Originally Posted by zwer (Post 1227037)

If somebody is still interested in Nokia as a company, that's when the buyout might be attempted, otherwise they'll let Nokia slide under $1 and eventually it will be sold in parts, where the main interest will be the IP. Microsoft, as it appears, have given up on Nokia... Smart people, they have a plan B (and probably C and D), unlike Nokia...

That's what I've been saying for a while now. I'm betting that Elop will claim he's keeping the company alive by selling off bits and pieces here and there to various buyers, with Microsoft getting the lion's share of the best bits. Finally, we'll see Elop bloom fully into the mole we always knew him to be--and, mark my words, there'll be people INSISTING he still wasn't put there as a mole for Microsoft. :)

zwer	2012-06-25 09:34

Re: Let's talk Nokia stock!

Quote:

Originally Posted by danramos (Post 1227045)

Boston Chicken got infamous for fixing their books to appear solvent even with too rapid expansion - at some point it was even considered a great success, and Wall St. favorite... right until it plummeted to penny stock within less than a week once the true state of affairs became public - it was one of the sharpest stock price drop in the 90s. Granted, Elop wasn't a CEO back then, but as a CTO and he certainly knew about shenanigans they were doing, he probably even helped with that...

There is a great read on rise & fall of Boston Chicken @ http://www.fool.com/EveningNews/foth...foth981007.htm . I remember people were screaming about the Boston Chicken fiasco when Elop took the CEO spot of Macromedia, saying that one that was involved in the BC scandal should never be allowed to be a CEO of anything... Little did they know they won't be Macromedia anymore within short three months of his reign.

If you look at history of this guy - wherever he went, except Microsoft, that company suffered greatly. Even Juniper Networks had quite a stock price drop during his short stay with them... I'm not saying that he did (or was in a position) to do bad all the time, but that's his track record... To this day I can't figure out what has qualified him to become a CEO of, back then, one of the greatest tech/telecommunication companies in the world. Nothing from his history to recommend it for that place, nothing whatsoever...

gerbick

2012-06-25 09:36

Re: Let's talk Nokia stock!

Quote:

Originally Posted by zwer (Post 1227037)

Do you happen to have Boston Chicken stock certificate as well? I mean, it appears you are tracking Elop's successes for quite some time

Naw... just amazing how this dude has been in and out of my livelihood with products I either like or use. But not the Boston Chicken part... that was new to me as well.

Quote:

It appears that the news of the second Osborn finally crossed the Atlantic pond - stock price went down >6% within the first hour of OMX opening, and it cannot be attributed to regular fluctuations. I don't think it will go bellow $1 within a month as you suggest, but a serious drop will be when they publish Q2 results... What can bring them bellow $1 is when they publish a new profit warning for Q3 which will be the direst so far, and will probably happen in mid August.

Yep.

Quote:

Rare to see a company voluntarily get rid of plausible Plan B's. I think I have to go back to Atari for that kind of oversight.

zwer	2012-06-25 10:24

Re: Let's talk Nokia stock!

Quote:

Originally Posted by gerbick (Post 1227058)

Naw... just amazing how this dude has been in and out of my livelihood with products I either like or use. But not the Boston Chicken part... that was new to me as well.

We're in the same boat... When Elop gutted Macromedia half of my revenues were based on their technologies. Thankfully, Adobe didn't completely mess it up, but still - knowing some internal plans that never got realized under Adobe's design-oriented wing...

Quote:

Originally Posted by gerbick (Post 1227058)

Rare to see a company voluntarily get rid of plausible Plan B's. I think I have to go back to Atari for that kind of oversight.

I think that Commodore story is even more fitting - sitting on laurels, then a sudden major strategy shift just as it appeared they might have something to compete, accompanied by complete failure of marketing and communication blunders in an abundance... But even both, Commodore and Atari, didn't crash so fast as did Nokia, and they never were really that big... And say what you will, but Nokia did have something with the N9 there, with just a little of polish, marketing and dev incentive it could've been a global hit, maybe not in a financial sort of a way but more as a bandage for the heavily damaged brand. That's like Samsung throwing away the Galaxy line to pursue something completely unrelated...

I'm not Tomi's fan, but the man is right about one thing - this kind of a colossal failure for a global leader of anything in the tech world never happened before. Not by a long shot.

zwer	2012-06-25 13:21

Re: Let's talk Nokia stock!

Speaking of stock, NOK just reached a new history low on OMX - 1.78... And the onslaught will probably continue on NYSE as well. The CEO, BoD and rest of the upper management must be bloody geniuses, it takes quite an effort to do bring a global leader down to this within 18 months and it takes quite some bravery not to even entertain the idea that you're doing it wrong with stats like this:

Code:

Week:                        -7.25%

Month:                        -16.20%

Three month:                -54.98%

Six month:                -52.34%

52 week low:                1.78

52 week high:                5.18

Year change:                -56.81%

Year start change:        -52.55%

Year high:                4.46

Year low:                1.79