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Nokia (NOK +4.3%) bounces a little following yesterday's huge selloff as M&A speculation...

  • Friday, June 15, 2012, 11:19 AM ET
    Nokia (NOK +4.3%) bounces a little following yesterday's huge selloff as M&A speculation grows, and Oppenheimer upgrades shares to Perform. The firm argues Nokia's woes are now priced in, and that staying short is "risky" until the impact of Windows 8 on the company's prospects comes into focus in Q4. The rally comes even though Moody's is downgrading Nokia's debt rating to Ba1 (junk) from Baa3 with a negative outlook. (more on NOK)
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This news story has 4 comments:

  •  
    Nokia bonds are now in "deep value" territory.

    Buy them hand over fist and hedge with options.
    15 Jun 2012, 11:59 AM Reply Like
  •  
    DVL your posts on Nokia are all over the map! Yesterday you said buying Nokia was like buying the Brooklyn Bridge. Which isn't all that different from financing it is it? ; )
    15 Jun 2012, 03:29 PM Reply Like
  •  
    Nokia has value. But since the price fluctuates wildly, the COST of that value varies as well.

    When it was selling @ $7, $6, $5 and so on I saw that it was wildly overvalued.

    Now after yesterday's collapse it is MUCH closer to a nice price to buy its value.

    And regarding the Brooklyn Bridge...I was talking about the hype surrounding the vaporware, not the actual business.
    15 Jun 2012, 07:28 PM Reply Like
  •  
    Short may be risky, but I think everything with this stock is risky. Just isn't worth it.
    16 Jun 2012, 04:20 PM Reply Like
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