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Banned | Posts: 974 | Thanked: 622 times | Joined on Oct 2010
#33
Originally Posted by zwer View Post
The true irony is that just with that press conference Nokia gained 6% stock value, rising to 8.23 and finally breaking the 7 mark it held since the massive drop in the spring, tho it quickly dissipated afterward. They managed to get back to the same value by the end of Jan '11 (no doubt sales reports helped there) and were steadily fluctuating around the middle `eights` up until last Friday and the new announcement of 'strategic partnership' - with a company well known to suck out dry all their past 'strategic partners' - and the massive drop in the past two trading days - almost at minimum value for the past several, tough years (and there is a good possibility it might even go bellow 6 at which point investors should be quite worried).

Judging by the stock market, it's clear what the market thinks of both of those strategies

edit:
Just to visualize it:

This is just business as usual. Investors will sell now before Nokia reach the bottom. The they will buy when the bottom is reached in 3-6 months. A very nice profit.