Let's talk Nokia stock! - Page 177 - maemo.org

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specc	2012-07-06 , 23:58
Posts: 322 \| Thanked: 218 times \| Joined on Feb 2012	#1761

Originally Posted by zwer

People who have no idea about the stock market consider it a gambling arena. Brokers and smart investors thank ye for providing them with your hard earned cash. When a man with experience meets a man with money and no experience, the man with experience walks away with the money, while the experience doesn't necessarily transfer...

btw. AFAIK, you need to be of age of majority in order to trade on the stock market, so you can stop pretending that you are buying Nokia stock.

Unless you are a long term investor, the stock market is gambling. The long term investors are sitting firm on their Nokia stocks, while the 2-3% rest are governing the price by speculating. Already the stocks are valued much less than the value of the company.

Cue	2012-07-07 , 02:26
Posts: 840 \| Thanked: 823 times \| Joined on Nov 2009	#1762

Originally Posted by specc

Unless you are a long term investor, the stock market is gambling. The long term investors are sitting firm on their Nokia stocks, while the 2-3% rest are governing the price by speculating. Already the stocks are valued much less than the value of the company.

Everything is gambling in that sense just with reduced risk. HFT is more than purely gambling but it does have added risk.

lma	2012-07-07 , 05:45
Posts: 2,802 \| Thanked: 4,491 times \| Joined on Nov 2007	#1763

Originally Posted by specc

The long term investors are sitting firm on their Nokia stocks, while the 2-3% rest are governing the price by speculating. Already the stocks are valued much less than the value of the company.

In other words, it is gambling, for everyone. If the price is random and governed by speculation you can't make rational decisions on it.

specc	2012-07-07 , 07:38
Posts: 322 \| Thanked: 218 times \| Joined on Feb 2012	#1764

Originally Posted by lma

In other words, it is gambling, for everyone. If the price is random and governed by speculation you can't make rational decisions on it.

Not exactly. The price is what it is based on buy and sale. It's the same with real estate and gold for instance. Other things are based more solid on demand, food and energy, things that cannot be stored indefinitely or have small storage capacity.

It is more a question of why you are buying and selling stocks on an individual basis. Small time investors are typically gambling, unless they put their money in solid funds (not funds that are purely made for speculation though). But even then, you could say it is gambling, because the alternative is the bank.

If no one traded Nokia stocks, then the price would be unknown. Then if one person sold one single stock, the price of that would decide the price for all stocks. What is deciding the price right now, is that very few believe that they can buy stock now and sell it later with profit. That is, very few that trade with the 1-3% of the stocks that are available. The large investors are there because they believe Nokia will make profit, they aren't there to make profit by trading stocks.

Cue	2012-07-07 , 10:05
Posts: 840 \| Thanked: 823 times \| Joined on Nov 2009	#1765

Originally Posted by specc

The large investors are there because they believe Nokia will make profit, they aren't there to make profit by trading stocks.

I'm not sure what you mean here, if the large investors believe Nokia will make a profit then that belief is in some sense still somewhat based on speculation. That is if they are in it for the profit. This is a social science and probability plays a large part whether we are talking about commodities or derivatives, it makes little difference.

It isn't gambling in the sense that good investors are the casino, the casino is not itself a gambler but it still relies on probability for profit, bad investors are the true gamblers who have no idea what they are doing but want to make a quick buck based on poor probability.

mikecomputing	2012-07-07 , 10:19
Posts: 3,464 \| Thanked: 5,107 times \| Joined on Feb 2010 @ Gothenburg in Sweden	#1766

who the hell care about nokia:

https://mobile.twitter.com/#!/JollaM...40251670298624

	danramos	2012-07-07 , 10:59
	Posts: 4,672 \| Thanked: 5,455 times \| Joined on Jul 2008 @ Springfield, MA, USA	#1767

Originally Posted by mikecomputing

who the hell care about nokia:

https://mobile.twitter.com/#!/JollaM...40251670298624

Umm... it's just a login page.

__________________
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

specc	2012-07-07 , 12:28
Posts: 322 \| Thanked: 218 times \| Joined on Feb 2012	#1768

Originally Posted by Cue

I'm not sure what you mean here, if the large investors believe Nokia will make a profit then that belief is in some sense still somewhat based on speculation. That is if they are in it for the profit. This is a social science and probability plays a large part whether we are talking about commodities or derivatives, it makes little difference.

It isn't gambling in the sense that good investors are the casino, the casino is not itself a gambler but it still relies on probability for profit, bad investors are the true gamblers who have no idea what they are doing but want to make a quick buck based on poor probability.

It doesn't work like that. A big investor set the terms and is often a participant at board level. Who do you took the final decision that Nokia should go all WP? The board. To go WP may even have been the main term for continued investment by the main investers. How the "industry" reacts means nothing, what the stock price becomes means nothing. The only thing that matters is to stay focused and make it happen. Go for the possibilities, the oppurtunities.

SamGan	2012-07-07 , 12:29
Posts: 648 \| Thanked: 650 times \| Joined on Oct 2011	#1769

Well, I suppose the only person who can save Nokia is Lumiaman; he has enough hot air to lift Nokia stock single handedly.

SamGan	2012-07-07 , 12:33
Posts: 648 \| Thanked: 650 times \| Joined on Oct 2011	#1770

Originally Posted by specc

The long term investors are sitting firm on their Nokia stocks, while the 2-3% rest are governing the price by speculating.

I seriously doubt it. Smart money has left Nokia stock long ago and this means the long term, non-speculative, savvy investors. Most pension funds and institutional investors have rules to cut losses if stocks go below a certain point.

Last edited by SamGan; 2012-07-07 at 12:35.