Seeking Alpha
  • mepa84
    $NOK: A really ugly day for $ALU. Is the decline specific to ALU or all infrastructure Communication companies $ERIC are going to decline?
    1/9/14
    Reply (33)
    • Paul@Jersey: $ALU decline seems more related Europe. Also could just be some analysts setting up shorters to drive the price down-like with $MU
      1/9/14
    • Andreas Hopf: $ALU already down again 2% in Europe. Here, the Deutsche Bank downgrade is taken seriously. The sentiment is very negative suddenly.
      1/10/14
    • Andreas Hopf: $ERIC similarly lackluster. Storytelling in news is that ALU, ERIC and NOK have a very hard time with China growth stopping. Also, there...
      1/10/14
    • Andreas Hopf: ...is profit-taking, because the overall market is in a less good shape and several report along the lines that the big decline is imminent.
      1/10/14
    • Andreas Hopf: Last month storytelling was: 4G/LTE growth is inevitable. Now storytelling is: not so soon. I think, everything IT is in Limbo now.
      1/10/14
    • jamesingram32: you holding then AH ?
      1/10/14
    • jamesingram32: you'll enjoy this Swedish story http://cnb.cx/1alNDoo
      1/10/14
    • Andreas Hopf: I actually bought a lot of ALU after the big drop.
      1/10/14
    • Andreas Hopf: It's called "snus" and is forbidden in the EU outside Sweden and soon in Asia, too : (
      1/10/14
    • jamesingram32: you bought a lot of snus after the ALU drop :p no seriously, I respect your judgement, hence the question.
      1/10/14
    • jamesingram32: ALU wiped out my AAL gains yesterday, when we agreed on the sanity or lack of this move. we may have to wait till results to quash this
      1/10/14
    • jamesingram32: lucky i already sold my jan calls, and replaced with Apr....
      1/10/14
    • Andreas Hopf: I continue, occasionally, accumulating companies I believe in. I will actually hold $AMD through earnings this time again and read the call.
      1/10/14
    • jamesingram32: sadly I had to bump my AMD to buy bbry, which has worked out OK though. Would love to have AMD as well...need more money :)
      1/10/14
    • jamesingram32: I will follow AMD o that. When is the call?
      1/10/14
    • Andreas Hopf: 21st Jan.
      1/10/14
    • jamesingram32: thanks.
      1/10/14
    • jamesingram32: so these big downgrades just before earnings as as suspect as ever
      1/10/14
    • BruceLee1984: alu usually has there best quarter in Q4 with margins, thats why this downgrade makes no sense. look back in alu's history of earnings.
      1/10/14
    • BruceLee1984: and with the shift plan in full swing and the contracts from china and such i think alu will have a good quater, its q1 in may thats usually
      1/10/14
    • BruceLee1984: a low point for alu....bernstein has always been bearish for the most part on alu. I just cant believe the stock is doing this poorly off
      1/10/14
    • BruceLee1984: ONE guys view, that we most likely know is not right....
      1/10/14
    • BruceLee1984: dont forget blackrock has a big stake in this company now too.
      1/10/14
    • jamesingram32: oh yeah, thanks for the reminder Bruce. Is there a recent up date on these sorts of holdings?
      1/10/14
    • jamesingram32: btw...probably should have kept powder dry, ...but I topped up the March called a little this afternoon, at 40 cents
      1/10/14
    • BruceLee1984: I remember posting i thought a link here a while back that disclosed blackrock bought around 240 million alu shares. i got the link from
      1/10/14
    • BruceLee1984: someone off the msh stock boards. I'm sure it will show up after full year results are out in february, if you go to alu website it has its
      1/10/14
    • BruceLee1984: largest shareholders listed i think.
      1/10/14
    • jamesingram32: thanks mate. will do
      1/10/14
    • Andreas Hopf: You can check ownership and particularly large institutional ownership here http://bit.ly/1cKw6Wt for ADR's, too.
      1/10/14
    • jamesingram32: oh yeah, totally forgot about the NASDAQ site. thanks AH.
      1/10/14
    • Andreas Hopf: Yes, good ol' Nazduck, can't be bad.
      1/10/14
    • jamesingram32: Ha!, you're in good 2014 form. All things considered, I'm pretty happy with where ALU ended today.
      1/10/14