Loeb reportedly takes stake in Nokia, shares higher


Notable Calls reports Dan Loeb's Third Point LLC has taken a stake in Nokia (NOK +2.7%). Shares are spiking higher after previously trading near breakeven.

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Comments (17)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Just start piling in guys! My position is up over 180% I'd like to see 250% before i sell!
    22 Oct 2013, 10:23 AM Reply Like
  • Skylander2011
    , contributor
    Comments (454) | Send Message
     
    my calls for jan 14 7strike r now at 1100% and rising:-) and im not selling yet..
    22 Oct 2013, 10:34 AM Reply Like
  • Ruffdog
    , contributor
    Comments (3675) | Send Message
     
    You did a great bet, congratdlations!
    22 Oct 2013, 10:52 AM Reply Like
  • Jacob Wolinsky
    , contributor
    Comments (465) | Send Message
     
    Letter http://bit.ly/1eGqCMK
    22 Oct 2013, 10:47 AM Reply Like
  • gwynfryn
    , contributor
    Comments (6500) | Send Message
     
    Thanks for the link Jacob; these notifications have been a bit short on details, eh?
    22 Oct 2013, 11:34 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11313) | Send Message
     
    Congrats to those who had the you-know-whats to put @ least 25% of their portfolios in Nokia when it was below $2.50.
    22 Oct 2013, 10:51 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19999) | Send Message
     
    When nothing else happens, Microsoft, activist investors or hedge funds come out of the woodwork to enrich us effortlessly? I thought, Christmas was already happening on 3rd September...
    22 Oct 2013, 10:53 AM Reply Like
  • timoeranko
    , contributor
    Comments (68) | Send Message
     
    The Really Big Money is waking up what comes to Nokia. If you put 1000$ now it will be 10 000$ in two yars time. That's because Nokia will be the King Lear of Telecommunications in the Cloud Era. In the Cloud Era we use simple interactive displays which are everywhere instead of smartphones. Smartphones will disappear alltogether. The Big Cloud made by Nokia will rule. Because NOK owns the patents.
    22 Oct 2013, 11:07 AM Reply Like
  • Kamminga
    , contributor
    Comments (186) | Send Message
     
    O God. Not King Lear again. He went mad and died.....
    22 Oct 2013, 05:05 PM Reply Like
  • gwynfryn
    , contributor
    Comments (6500) | Send Message
     
    Yar!
    23 Oct 2013, 06:07 AM Reply Like
  • Kamminga
    , contributor
    Comments (186) | Send Message
     
    IMHO all this demonstrates that what's been holding NOK back is W8. If Oct 29 shows up well shareholders will demand more money. I've said it and said it again. Read my lips....
    22 Oct 2013, 05:12 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19999) | Send Message
     
    WP8 more like.

     

    Anyhow, new Kantar WorldPanel and ComScore OS figures out in ~7days.
    22 Oct 2013, 06:46 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13376) | Send Message
     
    And just when we thought Nokia was getting boring.
    23 Oct 2013, 12:07 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19999) | Send Message
     
    Yep. Down -2% already in Europe.

     

    I have the impression, that, after U.S. deficit and taper issues, the whole market is balancing on one leg only. Sentiment and excitement has evaporated, in Europe at least, so it seems.
    23 Oct 2013, 04:14 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13376) | Send Message
     
    After hours has Nokia in the USA at 7.30USD down .05 from the day before. Not statistically significant given recent post Sep 3 volatility.

     

    "Sentiment and excitement has evaporated, in Europe at least, so it seems. " Until it hasn't. lol
    23 Oct 2013, 07:58 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19999) | Send Message
     
    I saw it as a buying opportunity. Just had a look, NOK picked up quite a bit, once NASDAQ opened. Hope that translates into European pricing this morning.
    23 Oct 2013, 08:26 PM Reply Like
  • Kamminga
    , contributor
    Comments (186) | Send Message
     
    Still trying to get my head round this business of "excess capital". A company with outstanding debts has excess capital? Mr. Loeb is of course a lot cleverer than me, but at least until after Nov 19 his target should be MSFT not NOK. No doubt he will have his say at the EGM, as he is entitled to, but please MSFT gimme more, not NOK gimme gimme. Where is Nokia's growth strategy in that?
    23 Oct 2013, 08:32 AM Reply Like
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