Thread: Let's talk Nokia stock!
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danramos is offline danramos
2012-08-01 , 03:36
Posts: 4,672 | Thanked: 5,455 times | Joined on Jul 2008 @ Springfield, MA, USA
#2197
Originally Posted by kojacker View Post
The stock has swung from being way undervalued at $1.63 to now over-valued (imo) at $2.41. My own feeling is that the stock is worth around $2.17 at this point. Two things are driving the price - the quarterly results showing Nokia had more reserves of cash than the market had expected, and more recently the sheer volume of trades is escalating the price. Today, for example, 92.1 million NOK shares traded (1.8 times its average daily volume).
I'm not sure that a bunch of insider purchases (if I'm to believe the recent posts) to help raise the stock value will help for very long. This sort of tactic only works for so long (and it doesn't help those investors dumping money into it, unless everyone else takes the bait and buys back in again). I suspect it'll drop back again down pretty soon.
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Nokia's slogan shouldn't be the pedo-palmgrabbing image with the slogan, "Connecting People"... It should be one hand open pleadingly with another hand giving the middle finger and the more apt slogan, "Potential Unrealized." --DR