Seeking Alpha

After steadily climbing today on volume over 2x its daily average, Nokia (NOK +13.7%) is at...

After steadily climbing today on volume over 2x its daily average, Nokia (NOK +13.7%) is at levels last seen in August. Optimism regarding Lumia 920 sales following some positive datapoints (I, II) could be a factor, though Swedish i-bank Handelsbanken cautioned this morning early Lumia 800/900 sales triggered a similar response. SA's Jacob Steinberg pointed out today net institutional ownership of Nokia has been rising.
Comments (40)
  • Thanks god!! Holders get paid!! all up from here!!!Goldman holding 161MIlion share now
    21 Nov 2012, 03:33 PM Reply Like
  • Lumia 920 is a much more superior product than 800/900 phones. Technically, monthly buy signal triggered today on NOK
    21 Nov 2012, 03:38 PM Reply Like
  • $6 dollar target.. institutionas will have to pay to get shares now
    21 Nov 2012, 04:01 PM Reply Like
  • I'm out today @ 3.30 (from 2.50), but wish you all luck! I fear that I've seen this episode before.
    21 Nov 2012, 04:08 PM Reply Like
  • Congratulations polly!

     

    I sold a chunk today at $3.30 as well but I'll be sitting on my core holdings to $8 :)
    21 Nov 2012, 04:56 PM Reply Like
  • certainly have, I expect a selloff after thanksgiving.
    21 Nov 2012, 10:59 PM Reply Like
  • to bad, i wish you all would stop giving the shares to big institutional come mondy make them pay for it, set 1000 shares to sell on a limit, at $5 a share, it will rise up market
    25 Nov 2012, 12:45 AM Reply Like
  • I got out today as well @ 3.35 from 2.11. May buy again in future if I see it past 3.50.
    21 Nov 2012, 04:31 PM Reply Like
  • Damn I sold yesterday ! Still a tidy profit...But Damn !
    21 Nov 2012, 04:33 PM Reply Like
  • 3X average and im still sitting pretty from 1.93.

     

    Shorts may destroy this come friday, but power is still moving up
    21 Nov 2012, 04:38 PM Reply Like
  • Shorts will buy to cover in December and January to the moon Alice!
    21 Nov 2012, 05:02 PM Reply Like
  • to the moon Alice!
    21 Nov 2012, 05:02 PM Reply Like
  • nothing but postive catalyst. hold for early retirement!!
    23 Nov 2012, 10:06 AM Reply Like
  • Buy back again if it drops to $ 3
    21 Nov 2012, 06:01 PM Reply Like
  • no happening, it was take an awful 4th qtr report to sink the stock to that low
    23 Nov 2012, 10:06 AM Reply Like
  • Still holding mine @ average price usd 3.09...
    21 Nov 2012, 06:07 PM Reply Like
  • I took some 2.00 Jan 2014 calls off the table this afternoon but remain very long NOK in both common and some other long call positions. This has been a painful stock to own over the last several months but I continue to believe in the turnaround.
    21 Nov 2012, 08:46 PM Reply Like
  • Im with you jjmc. Definitely an emotional roller coaster and staying long. I believe 2015 will be the milestone of msft 3rd ecosystem as being a contender with >15% market share.
    22 Nov 2012, 12:38 AM Reply Like
  • hedge funds will continue to buy to run up price, then mutal funds can buy at 5.00, they will take it futher
    22 Nov 2012, 02:56 AM Reply Like
  • Good news is always welcome!! There's plenty fo Suomalinen Sisuu at work here.....thank youi!!
    22 Nov 2012, 03:21 AM Reply Like
  • i dont see a reason for stock to lose agains, at least not until next qtr. (if the news was bad) im not selling off, nothing but good news all around, big mistake to dumped your shares for few thousand profit, on the hopes of a rebuy at lower. More institional buying on the way..
    23 Nov 2012, 10:05 AM Reply Like
  • Agreed fellow alpha, not worth selling. Estimated 2013 Q4 Earnings
    EPS: + $0.06.
    23 Nov 2012, 10:11 AM Reply Like
  • turtle, I be happy if they manage to break even in q4
    23 Nov 2012, 10:13 AM Reply Like
  • NOK will reach breakeven in Q4, with strong Lumia and NSN sales.

     

    However, the key quarter is Q1, coz everything will turn into smoke if the landing point in Q1 is low:
    - carriers are reducing their expenses (NSN sales will be impacted)
    - featured phone business will collapse, question is how much
    - how will L920 cope with HTC 8X competition

     

    In conclusion: take & enjoy your gains before Q1 release :-)
    23 Nov 2012, 10:27 AM Reply Like
  • ill take $8 a share no less elaedel
    23 Nov 2012, 11:08 AM Reply Like
  • For $8 you might need to wait until 2014 :)
    23 Nov 2012, 11:13 AM Reply Like
  • Same here Leon, i have no doubts. Nokia is playing golf right now. Its against itself and no one else. All birdies so far, but being par is a good thing in this game.
    23 Nov 2012, 10:29 AM Reply Like
  • My goodness, this is so surreal. While the top cellular companies are busy suing and pointing fingers at each other, NOKIA is slowly gaining momentum. http://bit.ly/10FAa3I
    23 Nov 2012, 11:29 AM Reply Like
  • nokia will get some earning form the coming VRNG lawsuits, as well as suing HTC....going to have money out the anus!!
    25 Nov 2012, 12:45 AM Reply Like
  • I was in big time @ $5.35 but I'm holding until 2017, selling on my 62nd birthday! go Nokia!!
    23 Nov 2012, 01:01 PM Reply Like
  • I like it! That makes all of us with a lower cost basis feel even better. We all just need to hang in there and not act on emotions. Good things are right around the corner.

     

    Can I smell retirement at age 28? Hmm. Lol. I have a significant holding in NOK.
    23 Nov 2012, 03:13 PM Reply Like
  • Is this the next sell-off signal? http://seekingalpha.co...
    23 Nov 2012, 01:46 PM Reply Like
  • Players,i wish you all would stop giving the shares to big institutional come monday make them pay for it, set 1000 shares to sell on a limit, at $5 a share, it will rise up market, trust me, then email goes out to 9k investor, set the market wiht me
    25 Nov 2012, 12:45 AM Reply Like
  • Just wanted to update I got my Lumia on Wednesday and so far it's been a dream, fast, reliable thus far and the really only drawback is the lack of functioning apps, which I think will correct once developers take WP8 seriously (ie sales numbers start coming in worldwide).

     

    SA Wheres the WP8 App!
    26 Nov 2012, 12:45 PM Reply Like
  • What app do you need that you cant find?
    26 Nov 2012, 01:01 PM Reply Like
  • I stated 'functioning' app only because some of them that I have are pretty buggy and prone to crashes.

     

    An SA app would be nice though, and I couldn't find that listed anywhere. Oh and Blockbuster (I am sub'ed to their movie mailing service couldn't find the app for that either).
    26 Nov 2012, 01:29 PM Reply Like
  • Search for blueflix on the marketplace. Doesnt' show up for me, but i am not in the us, but according to the developer it does what you want. see blueflixapp.com.

     

    You must be selecting the wrong apps. The only app that I have come across that is buggy is Zynga's words with friends, and the reviews on the store reflect it.
    26 Nov 2012, 02:38 PM Reply Like
  • Zynga's WwF is one of the apps I also have issues with... I'll check out Blueflix maybe they changed names or something (although on my iPhone it's still Blockbuster).
    26 Nov 2012, 02:45 PM Reply Like
  • for what its worth you should consider an online movie streaming service (all blockbusters where I live have closed up shop) like netflix, xbox video, etc.
    26 Nov 2012, 02:51 PM Reply Like
  • blockbuster has a netflix like service, it's not widely known (as far as I can tell) but it's equal or better to netflix's movie by mail service. We have started redboxing a lot more too. I havent seen a brick and mortar blockbuster since they called it quits on them (3 years ago now? can't recall).
    26 Nov 2012, 03:08 PM Reply Like
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