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Nokia (NOK) shares jump 5.6% premarket after CEO Stephen Elop says the phone maker will launch a...

Nokia (NOK) shares jump 5.6% premarket after CEO Stephen Elop says the phone maker will launch a Windows 8 smartphone "relatively near term," and doesn't deny that it could be at the company's trade show in Helsinki on Sept. 5-6. That's a week before an Apple event on Sept. 12, when it could unveil a new iPhone.
Comments (20)
  • drstocks
    , contributor
    Comments (60) | Send Message
     
    The whole world is gaga about Apple, Apple, Apple. I'm sick of it. Bought a Nokia Lumia 900 and am very satisfied.
    15 Aug 2012, 07:02 AM Reply Like
  • bosco115
    , contributor
    Comments (196) | Send Message
     
    The whole world is gaga about VHS, VHS, VHS. I'm sick of it. Bought a Betamax and am very satisfied.

     

    The whole world is gaga about PS2, PS2, PS2. I'm sick of it. Bought a Dreamcast and am very satisfied.

     

    The whole world is gaga about iPod, iPod, iPod. I'm sick of it. Bought a Rio and am very satisfied.

     

    The whole world is gaga about Facebook. I'm sick of it. Made a MySpace and am very satisfied.

     

    The whole world is gaga about iPhone, iPhone, iPhone. I'm sick of it. Bought a Palm Pre and am very satisfied.

     

    That's great, but none of this is good investment advice. Go to Gizmodo or some other site where a bunch of teenagers are discussing the superiority of their phone. This is an investment site, and Apple (AAPL) is +67% in the past year. Your comment is unhelpful.
    15 Aug 2012, 08:28 AM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    bosco: your comment is unhelpful as well, as your comparisons are all based on the past. When you can predict the future, come back and tell us. In the meantime continue buying AAPL at its highs and sell later when it tanks.
    15 Aug 2012, 08:45 AM Reply Like
  • bosco115
    , contributor
    Comments (196) | Send Message
     
    My comment was meant that the product that you find most useful does not correspond to good investment advice or a company that will continue to earn profits. Sony, Sega, Rio, MySpace, and Palm are all shadows of their former selves.

     

    How Microsoft Can Put Nokia's Recover In High Gear by Charles Santerre, Published May 29, 2012. Author discloses he is long Nokia (http://bit.ly/9V8R2A). Closing price that day was $2.95. Current price is $2.49 (-16%). Meanwhile, Apple (http://bit.ly/pFSoX2) closed May 29 at $572.27. Current price is $631.69 (+10%).

     

    That's a 26% differential in returns between your investment thesis and the one you deride. I don't think you're very well qualified to judge others based on your history.

     

    You'll learn.
    15 Aug 2012, 09:16 AM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    bosco: "I don't think you're very well qualified to judge others based on your history."

     

    Oh wow, you take a 2-3 month snapshot in time and declare your judgement. Am I being punked? Is that what you call investing? Come back in 5-20 years and we'll compare notes. Until then, keep your baseless judgements to yourself.

     

    You`re no better than the neighbourhood fortune-teller. At least she is entertaining and you know what you get.
    15 Aug 2012, 09:43 AM Reply Like
  • techy46
    , contributor
    Comments (7551) | Send Message
     
    Investing Advice starring Bosco and Cramer on Sat at 9am?
    15 Aug 2012, 10:07 AM Reply Like
  • techy46
    , contributor
    Comments (7551) | Send Message
     
    Nokia low of $1.63 currently $2.58 for 58% gain. Anybody can cherry pick stock prices.
    15 Aug 2012, 10:07 AM Reply Like
  • bosco115
    , contributor
    Comments (196) | Send Message
     
    You're the one calling me out for not being able to predict the future. So I went off the one data point you provided with your article and long disclosure. And it was a bad call. These are the facts, and I'm really not sure what you're complaining about.

     

    Please, by all means, enlighten me with your cost-basis for your Nokia investment. Considering the stock was on its way down for years before the date of that article, I can only assume your cost-basis is even higher. Also, if you'd like to compare 5-20 year charts for Nokia and Apple, let me know. I'll gladly help.

     

    If your investment in a company is going against you, don't sit there and try to convince others why you're right. Re-evaluate the investment and find out why you were wrong. Pro-tip: don't promise others with a successful investment that it will ultimately fail. It makes you look bitter.
    15 Aug 2012, 10:12 AM Reply Like
  • naterator
    , contributor
    Comments (6) | Send Message
     
    Just wait until apple splits. Then you can compare apples to well apple.
    15 Aug 2012, 10:51 AM Reply Like
  • Cyrus C
    , contributor
    Comments (150) | Send Message
     
    APPL past month 4.50% vs NOK past month 37.5%

     

    Past stock performance is meaningless when you just pick and choose the time frame.
    15 Aug 2012, 11:00 AM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    bosco: "Pro-tip: don't promise others with a successful investment that it will ultimately fail. It makes you look bitter".
    Show me one sentence where I have advised others or promised that Nokia, or any other company for that matter, is a good investment.

     

    Unlike you I don`t have the pretension to be able to fortune-tell. The kind of enlightenment you need, I cannot provide, because I can`t prescribe meds.
    15 Aug 2012, 11:07 AM Reply Like
  • bosco115
    , contributor
    Comments (196) | Send Message
     
    Let me clarify. Charles Santerre called me out and criticized me as a bad prognosticator. So I went to HIS article and cited HIS long position at HIS publish date. I then used that as evidence that he has no business criticizing me if his investment picks have been so wrong. I did not choose that date - Charles Santerre did. I would recommend understand the context before commenting.

     

    Also, I would love it if everyone here posted their cost basis on Nokia (NOK). So many people are citing the limited timeframe in which an investment in Nokia is now positive. I'd love to hear how much you all have profited from this! And stunningly, I won't hear a word from anyone who has been long from $9+. Just like every other time I ask this.
    15 Aug 2012, 11:11 AM Reply Like
  • Charles Santerre
    , contributor
    Comments (1242) | Send Message
     
    bosco: my cost basis is NOYB, but it's not $9+. I never said you were a bad prognosticator, I said that you have no business prognosticating on any company because you, and no one else here on this Earth, is equipped to do so. It`s just hot air.

     

    Your point about picking "my point in the past" has zero merit because it has zero influence on the future. Your argument has zero merit, admit it.

     

    Pro tip: buy low, sell high.
    15 Aug 2012, 11:24 AM Reply Like
  • bosco115
    , contributor
    Comments (196) | Send Message
     
    Don't worry, you're in the company of many, many others who are negative on Nokia and unwilling to admit the number they bought at. Have fun convincing others a stock at 14.79 P/E and 0.64 PEG is overvalued.

     

    Disclosure: Long AAPL @$329.
    15 Aug 2012, 01:52 PM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    There is some continuing pattern in Nokia EUR, possible a Bullish Mat Hold.

     

    http://bit.ly/jaYwT
    15 Aug 2012, 07:32 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    Has Knight gone short in Nokia at the bottom?

     

    Someone will go broke on shorting Nokia.
    15 Aug 2012, 08:38 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    Stephen Elop has removed a tiny bit of speculation around the launch of their new range of Windows Phone 8 handsets, confirming to Reuters that the handsets will be released ”relatively near term.”

     

    The rather vague statement still excited the markets, seeing Nokia shared trading up 7.5% this morning.

     

    While Nokia has only sold around 6 million Windows Phones so far, Stephen Elop did not express any regrets about the move to the new OS.

     

    “I don’t think about rewinding the clock and thinking about competing elsewhere,” he told reporters.

     

    http://bit.ly/RUPeZx
    15 Aug 2012, 08:50 AM Reply Like
  • sreimer77
    , contributor
    Comments (241) | Send Message
     
    I keep stopping by at Verizon and they are clueless. I know it's coming, can't wait for pureview technology in my hand.
    15 Aug 2012, 09:02 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    Nokia got cash until 2016

     

    We ended the second quarter 2012 with gross and net cash both higher than a year earlier. With gross cash of EUR 9.4 billion and net cash of EUR 4.2 billion, we have a strong financial position and robust liquidity profile. We also have access to additional liquidity via a revolving credit facility of EUR 1.5 billion. This is entirely undrawn, available to us until March 2016, and comes without any financial covenants."
    15 Aug 2012, 09:19 AM Reply Like
  • Leont68
    , contributor
    Comments (1382) | Send Message
     
    Bosco, I am glad you got in when Apple was at $329

     

    Hopefully most of us Nokia "gamblers" can tell the nice people of SA something of similar fashion in a couple of years when Nokia is trading above 10.
    15 Aug 2012, 11:07 PM Reply Like
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