It's Not Just Apple Having Clone Problems [View article]
Lenovo's practice of copying names is absolutely standard operations for any Chinese manufacturer and vendor. Among the very pedestrian examples are a bakery shop called "macy" and a toothpaste called "Darlie," on every tube of which appears the exact image Charlie Chaplin. There is a definite intent to profit based on the brand identity and recognition created by others.
A Growing Chinese Middle Class: 3 Stocks To Buy, 1 To Avoid [View article]
The remark that Shanghai will be the world fashion leader reveals an utter lack of understanding of the reality of attitudes, fashion and design behind the bamboo curtain. That will not happen in a thousand years.
A Growing Chinese Middle Class: 3 Stocks To Buy, 1 To Avoid [View article]
Calm down, Old Warrior, there is no doubt as to what was meant. In fact, such double negatives have long been a core part of English, Chaucer even used them. It was the 18th century scholars who sought to weld English onto the frame of classical Latin that such 'rules' gained prominence. Otherwise I am getting sorry I did not get back in with you at $3.50 on Friday!
@dutch He is a guy with an opinion and a basis for it, and it is relevant to the issue of the article and what we are all interested in. Yes, some others are calling for a near term $5 target. According to Nasdaq short interest data, as of 1/31 NOK is shorted 340 Million shares (on US markets alone), with increasing numbers reported for 12/14, 12/31, 1/15 and 1/31. So there is a lot of other opinion and outright manipulation on this issue. Long term, I am bullish NOK and have been so since back when people by the dozens were declaring on SA that NOK was "dead" and they were backing up the trucks to haul the furniture away. Odd, though, I don't see those user names any more!
When the SP did not maintain the highs it reached I got out of my long position on purely technical grounds, expecting an even larger correction. I still see an increase in short interest in January compared with December levels per Nasdaq data. I do not have that data from European markets. The surges since around mid November were driven by renewed hope and relief. The question that I think arose in mid January was what would continue to drive that market. For the buyers, it seemed to be that same hope, and for the sellers that question had no answer; it seems to be a push at this point.
We need to remember that the SP was falling fast after the Christmas season run up, when Elop countered with the pre Q4 Earnings 'advice' and it ran up again on the news. But then the Q4 Report came out, as advertised, and investors realized they had no more reason to run the SP up higher, and it began to drop. This phenomenon has been seen before. Short interest has been very large for a very long time, even through each recent run up. But it is very hard for me to anticipate the little games that the hedge funds (such as those Cramer shills for) will play with this issue.
I am bullish on NOK for the long haul, and not just for the smartphone, but I did get out of my long position on technical grounds last week. I am also aware that despite the shift in prospects indicated by the improving fundamentals of the company, short interest both here and in EU remains very high. I thought exuberance in response to Elop's guidance pre Q4 report pushed the SP higher than the fundamentals supported as investors who believed that NOK would rise again found validation from the new facts, but that has been settling back down and will probably go too far the other way again. With a stock that has been targeted and labeled, as NOK has, I think the emotion of the moment has a stronger than normal influence in the equation.
Don't overestimate the "practicality" of the Chinese as buyers -- there fashion reigns supreme for anyone who can afford to pay the freight. It will not be price that costs APPL market share in China, but a shift in the fickle winds. (And let's not forget that at the top of the price scale, iPhone holds something like a 7% share there.)
@checkfacts Following this link again three months later leads me to ask how that "lock" you were referring to is working out for you now. Is the current 26% move down in SP part of the "limited downside risk" you were talking about?
Can Nokia Pull Ahead Of Research In Motion? [View article]
@Jonc Support all your points, especially the last, which sentiment seems to have driven a great deal of commentary on the APPL and NOK smartphones topic. But I will point out that Foxconn, while quite large, is but one player in a massive electronics manufacturing environment in China, where all producers utilize essentially the same model of management, and working conditions in their plants are maybe a tad better than par for the course, all things considered. That is just part of the deal one makes with the devil when one contracts with the Chinese to do manufacturing. Furthermore, in the wake of the fatal explosion in the aluminum milling room in their Chengdu factory (for iPhone cases), a survey in the USA (perhaps cover provided by the fanboi press?) showed that APPL consumers basically are not interested in working conditions and are not influenced by that in their purchasing decisions. I share your sentiments about the morality of conditions, but my point is that that does not seem to be a factor in the market that APPL sells in.
Can Nokia Pull Ahead Of Research In Motion? [View article]
@Rook Your point is well made. I think a lot of folks become accustomed to their particular set of solutions, and just do not see the need for something different. I have been using devices with inductive charging for years, and it is so convenient to just set the device in the base on the way by without having to stop and fiddle with a plug and a socket. Those inured to the daily fiddling find no problem with it, of course. But there is a whole world of people with a different sensation, and that is what the market is made of.
It's Not Just Apple Having Clone Problems [View article]
A Growing Chinese Middle Class: 3 Stocks To Buy, 1 To Avoid [View article]
A Growing Chinese Middle Class: 3 Stocks To Buy, 1 To Avoid [View article]
Nokia Would Be Dead Without Microsoft [View article]
Nokia's Run Is Done [View article]
Long term, I am bullish NOK and have been so since back when people by the dozens were declaring on SA that NOK was "dead" and they were backing up the trucks to haul the furniture away. Odd, though, I don't see those user names any more!
Nokia's Run Is Done [View article]
Nokia Would Be Dead Without Microsoft [View article]
Why Is Nokia Selling Off? [View article]
Why Is Nokia Selling Off? [View article]
Sell Nokia, Take Profits. [View article]
Sell Nokia, Take Profits. [View article]
How Stephen Elop Destroyed Nokia [View article]
Can Nokia Pull Ahead Of Research In Motion? [View article]
But I will point out that Foxconn, while quite large, is but one player in a massive electronics manufacturing environment in China, where all producers utilize essentially the same model of management, and working conditions in their plants are maybe a tad better than par for the course, all things considered. That is just part of the deal one makes with the devil when one contracts with the Chinese to do manufacturing.
Furthermore, in the wake of the fatal explosion in the aluminum milling room in their Chengdu factory (for iPhone cases), a survey in the USA (perhaps cover provided by the fanboi press?) showed that APPL consumers basically are not interested in working conditions and are not influenced by that in their purchasing decisions. I share your sentiments about the morality of conditions, but my point is that that does not seem to be a factor in the market that APPL sells in.
Can Nokia Pull Ahead Of Research In Motion? [View article]
Can Nokia Pull Ahead Of Research In Motion? [View article]