Seeking Alpha
  • Seppo Sahrakorpi
    What is / who is behind Fest N.V.? This company has by far the largest short pos. in Nokia, ~$300M in Helsinki SE, i..e 3% of NOK mrkt cap
    11/15/12
    Reply (12)
    • Seppo Sahrakorpi: Reference: http://bit.ly/SiN8P7
      11/15/12
    • jtalpha75: seppo NOK is now a buy for sure, GS111,000 shares, this stocks about to blow
      11/16/12
    • eldaedhel: @ jt: it's not a buy right now. GS will probably make the stocks go down
      11/16/12
    • eldaedhel: VIKING GLOBAL INVESTORS LP jumped in the shorters boat 2 days ago. They also own massive QUALCOMM & AAPL stocks.
      11/16/12
    • eldaedhel: @ seppo: I have not found anything anywhere on that Fest NV company. I think they are acquitances of GS anyway, like VIKING.
      11/16/12
    • eldaedhel: VIKING is actually a subsidiary of GS. It is shorting the stocks. GS increased its holding to control the stocks and put it down. Let see:)
      11/16/12
    • Seppo Sahrakorpi: I have asked NOK investor relations about Fest as well. Thanks for Viking - GS connection. I was also suspecting the same with Fest too...
      11/16/12
    • Seppo Sahrakorpi: I am long NOK, strongly believing in fundamentals. Hopefully this (short term) GS game does not mess up everything.
      11/16/12
    • Sunil Shah: seppo2 from what i read GS and viking net off to about zero position? They're trading back and forth between them. god knows why . . .
      11/16/12
    • eldaedhel: to control the stock, Sunil? If you trade with yourself, you can put the stocks to where you want. Including to positions that would cover
      11/16/12
    • Seppo Sahrakorpi: Viking is increasing its short position almost daily, now at 2.21%
      11/17/12
    • tamyun: @ sunil, mind sharing how you read that GS and Viking net off to zero?
      11/17/12