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  • Nokia's (NOK +18.7%) sell-side critics are impressed with the margin improvement disclosed in the company's Q4 pre-announcement, but offer more cautious takes on its phone sales. 4.4M Q4 Lumia shipments (hurt by supply constraints) topped Baird's (Underperform) forecast of 3.8M, but missed Wells Fargo's (Market Perform) estimate of 6.5M. Bernstein's Pierre Ferragu, a long-time bear, still thinks "Nokia will lose all its low end Smartphone and high end feature phone businesses over the next few years," and post 2015 EPS of just €0.12. [View news story]
    Not-so-lucky Pierre today! He was probably trapped in his own shorts. Now he's only prone to plant more seeds of doubt, as today made long holders smile all the way to the bank. At US$4.45 investors are 262% above the 52 week low. Kah-CHING!
    Jan 10, 2013. 06:43 PM | 5 Likes Like |Link to Comment
  • Nokia (NOK) soars 20% premarket on Q4 guidance, saying it "exceeded expectations and achieved underlying profitability." Both phones and Nokia Siemens Networks results are better than expected. (PR[View news story]
    "Quarterly net sales in devices and services was about 3.9 billion euros ($5.09 billion). It sold a total of 86.3 million devices. Smartphones accounted for 6.6 million units, of which 4.4 million were Windows-based Lumia handsets, the company said." (Reuters)
    Jan 10, 2013. 09:11 AM | Likes Like |Link to Comment
  • Microsoft (MSFT -0.9%) ticks lower following a downgrade to Hold from Argus; like plenty of other firms, it's worried about slow Windows 8 adoption and poor Surface sales. Yesterday, Davenport cut its forecast for Dec. quarter Surface sales to a mere 700K. [View news story]
    "Argus" downgrade causes a near 1% decline in market value? Such BS! The astronomical pile of cash from Google, formerly held in reserve to fight anti-trust proceedings expected from and adverese finding from the FTC is now free to short Google's adversary's stock. Actually, this idiotic declaration to detract from Microsoft presents another stellar opportunity for investors to buy more for less.
    Jan 4, 2013. 11:05 AM | 1 Like Like |Link to Comment
  • "Costless" check-writing does have a cost, says Bill Gross, as it confuses business models and makes purchases of "paper" a preferred corporate choice over "investments in tangible productive (assets)." Government financing schemes - be it Bernanke's today, or John Law's 300 years ago - always end badly. Keep your bond durations short. [View news story]
    Anybody wanna disparage its rise from $35 an ounce to $1,750?
    Jan 3, 2013. 10:47 AM | Likes Like |Link to Comment
  • The Deutsche Allegations [View article]
    Yes, you're right. In the malaise of Washington, where R and D are out to scalp each other at the people's expense, the many years of lobbying against the Act and the environment of relaxed oversight came to a head and the legislation was ripe for revocation. The banks and insurance lobbies spent billions along the years to revoke the Act. A permissive environment would've allowed its revocation, as long as those with the power of oversight played a blind eye to the consequences.
    Dec 11, 2012. 09:43 AM | Likes Like |Link to Comment
  • The Deutsche Allegations [View article]
    Instances of zero demand are inherent in free markets. That's the lack of liquidity that should concern every investor before engaging in a trade. The free market is a set of sellers asking and buyers bidding for particular items, products or securities. If no one wants the item, for the moment, it's worthless; generally, there will be better opportunities.

    It's probably why owning real estate is suitable only for investors able to wait for better times and with enough capital to withstand the expenditures required to maintain a property for extensive periods of time. It's why white elephants are not wise investments.

    If an investor doesn't have to capital to wait until the right bid comes along for unloading property, he/she should never acquire it in the first place.

    Anyone trading securities should have sufficient capital to withstand the blows inherent in a free market, moments when there are no bids for illiquid securities. It's why transparency and risk management should be priorities. That's why speculators win big or lose big while conservative investors reap smaller rewards.

    Which one of us would not engage in carefree speculation knowing our bad investments will not cause us to go bankrupt because we can hide our losses or make them disappear from our financial statements, and if need be Big Brother will come to bail us out with the People's money?

    Deutschebank followed the same speculative frenzy of every other major financial institution across the globe, UBS, SG, and RBS. They were Lehmanesque in their dealings, except they didn't have Hank Paulson's ax to grind and Tim Geithner's willful disregard of responsibilities. They were Bear Stearns and Wachovia-like, only with the wink and nod of the ECB, something We the People never get.
    Dec 8, 2012. 10:23 AM | Likes Like |Link to Comment
  • The Deutsche Allegations [View article]
    I'm 100% behind the reinstatement of Glass-Steagall and the uptick rule. It kept banks and insurance companies financially sound for over 60 years. All the abuse started after it was revoked during the Clinton administration. Both, Clinton and Rubin should be tarred and feathered for having legislated the Act out of our financial system. As a nation, we would not be where we are today were the Act still in place.

    It's easy to take huge risks with other people's money and very hard to prevent insolvency when the reigns are let loose and the lines are obfuscated between sound banking practices and irrational speculation with the depositors' capital.
    Dec 8, 2012. 09:42 AM | Likes Like |Link to Comment
  • Buy Microsoft While Uncertainty Is At Its Peak [View article]
    You bought AAPL now? Wow! You should've bought when the rest of us purchased it in 2001, as Bill Gates was bailing them out. At this point, its stock may be "a little frothy," though.
    Dec 7, 2012. 08:43 AM | Likes Like |Link to Comment
  • The Deutsche Allegations [View article]
    Then let's suspend these "destabilizing force" for ALL, not just the powerful and the well-connected.
    Dec 7, 2012. 08:32 AM | Likes Like |Link to Comment
  • The Deutsche Allegations [View article]
    Good article. Sensible, illustrative, and informative. If only John Q. Public were able to play by these rules too...
    Dec 6, 2012. 09:51 AM | Likes Like |Link to Comment
  • Every Little Bit Helps: To Shore Up Some Cash, Nokia Sells And Leases Back Its Headquarters [View article]
    What's the matter, Natasha, you got squeezed?
    Dec 4, 2012. 03:28 PM | 2 Likes Like |Link to Comment
  • Buy Microsoft While Uncertainty Is At Its Peak [View article]
    Certainly in agreement on the assessment for Microsoft's future value as a permanent investment in a well-structured portfolio of stocks. The CEO has done as well as can be humanly expected. As far as is publicly known, he doesn't dwell on hallucinogens to conceive innovative products or ways to distribute the company's wares, but his position as the head of a mega-billion enterprise across every country in the globe is nothing to underestimate, much less to laugh about or disparage.

    It's curious to read how most would do his job better when they cannot even conceive what the man must do every single day to retain profits, avoid waste, reduce taxation, and produce results to ensure the future of the enterprise profitably and prestigiously. It's easy to criticize. It's hard to produce results across a decade.

    There are myriad initiatives going on inside the enterprise that have yet to come to light and publicly advertised. Once a company's at the top everyone's out to take away pieces of it. Even Apple was bankrupt in 2000 when Microsoft gave it life; certainly its success in recent years hasn't gone unrewarded for Microsoft.

    Google's subordination to foreign governments and its desire to control everyone across the globe by retaining information is a detriment to individual freedom. No one realizes this when they exalt its acuity and innovative skills. Distrust and apprehension over Google's intentions and obligations to disclose data should perhaps become the niche Bing would best try to develop in its quest for marketshare.

    Facebook is a fad. It's fun at first, but its invasive techniques to mine personal, private information will eventually irk more customers than it attracts. Anyone conscious of privacy and the ramifications of intrusion will eventually abstain from using it as a medium for anything of value, beyond fantasy and distortion of reality to impress others, like a Hollywood film studio.

    Microsoft is not anything more than a big company with profit-making as its primary enterprise. All enterprises find success and failure along their line of research and development. No one of able mind and experience should expect success from every corporate initiative. These failures should not be showcased as detractions. Even physicians need to practice on corpses before they approach living humans and once they do, they still need to gain experience before they actually go out on their own without causing more harm than not.

    The target for Microsoft is to remain steady as she goes, like a ship in the water. Crossing difficult paths require poise and ability. It's no different in the business world.

    In the end, it's Microsoft's end game to remain afloat and it's in the common stockholder's interest to see that it continues to pay a dividend as its stock price finds higher value modestly or not. Microsoft's stock is a hedge against inflation as sure as gold was in years past. While the UST pays less than 1% in interest, Microsoft pays above 3%. This alone should be reason to sleep well at night.
    Nov 30, 2012. 10:35 AM | 6 Likes Like |Link to Comment
  • Goldman Sachs And Morgan Stanley Are Backing The Truck Up For Nokia Shares [View article]
    How can a small investor reap profits when the fraudsters use dark pools, algos, and the insider information derived from "expert network firms?" Where's the SEC and FINRA when they have to police the big boys? Why do they only jump on the small firms over idiotic regulations that are innocuous in relation to the fraud large institutions commit to the detriment of everyone else?
    Nov 21, 2012. 12:14 PM | 1 Like Like |Link to Comment
  • Goldman Sachs And Morgan Stanley Are Backing The Truck Up For Nokia Shares [View article]
    It's a rhetorical question, right?
    Nov 21, 2012. 12:09 PM | 4 Likes Like |Link to Comment
  • Microsoft Stock Plus Dividends: Better Than Bonds [View article]
    Once there was a man who became a big millionaire selling puts from 1999 through 2000, but as bright as he was, he lost it all in under a week because his puts were naked, not hedged, and he got greedier and greedier as the irrationally exuberant market made him richer and richer. That final week, he was put real bargains when the bubble burst, but after he got them handed to him at bargain basement prices, the securities never stopped losing yet more value, often all the way to near zero from the heights of over $450 a share--as in YHOO, and $65 for QCOM or $30 for JDSU and Corning. The only bright spot was AMZN at $37, which he kept even after it touched $7 because he "knew" it would come back, unlike CSCO and MSFT or NOK to boot. Imagine how nasty another frothy correction would be for all who saw their "hardly-earned wealth" go to ashes! How's your 401k doing lately, if you don't count the new money that went in since March 2009? How do you tally those losses, -33% and counting?
    Nov 15, 2012. 12:14 PM | 1 Like Like |Link to Comment