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/biz/ - Business & Finance

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27260483 No.27260483 [Reply] [Original]

why did i buy nokia

>> No.27260594

>>27260483
because you like the stock and you believe it is undervalued and that it will eventually go up, stocks always go up

>> No.27260607

>>27260483
you wanted gains but they stopped trading. now you are sad

>> No.27260609

>>27260483
Because it's wildly undervalued. People are misreading NOK like a shitty version of T-mobile because they think Nokia still makes shitty cell phones. You, on the other hand, can see what NOK is doing now will position them to strike at the likes of Comcast and Verizon and gobble up their customer bases.

>> No.27260624

>>27260483
FOMO hit
it hit all of us

>> No.27260668

TUESDAY MOON

>> No.27260701

>>27260483
you just like the stock

>> No.27260742

>>27260609
Are they doing something in 5G department.

>> No.27260783
File: 926 KB, 831x790, 1unknown.png [View same] [iqdb] [saucenao] [google]
27260783

you bought the top anon

Try this:
https://www.coingecko.com/en/coins/chads-vc

>> No.27260871

>>27260742
They won some US government contract related to 5G

>> No.27260893

>>27260483
you fell for obvious goy lvl 1 jewish tricks

>> No.27260928

>>27260609
This. Anything under 5 is a super steal, anything under 10 is still a discount long-term. I'm sitting in 850 shares at the moment for that deep value.
Nokia's a legacy company not going away any time soon, they're doing good stuff with 5G, and fags here forget they service the rest of the world too -- just cause you dont see people with nokia phones in the US doesn't mean they don't exist.

>> No.27260941

>>27260783
in 2007 it was at 27 euro

>> No.27261103

>>27260742
Yes. Literally everything. Nokia is not only leading the charge in building the 5G infrastructure (along with Ericsson, iirc). Nokia has also claimed to have 6G - a 1TB router using the cell networks.

In the next 3-10 years if NOK doesn't completely self-destruct, they will be able to offer strictly superior products to every cell company and ISP in the world.

>> No.27261116

>>27260483
Nokia doesn't move. I sat in this shit for 2 years because I knew of all the 5G pies they had their fingers in. As the news officially rolled out I rub my hands together like a happy merchant but the price never changed.
I'm out now but best of luck.

>> No.27261129

I'm wondering if Castor Maritime is worth it, I have 100 shares and want that penny stock to moon.

>> No.27261194
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27261194

>>27260483
that's a good question, one I am trying to answer for myself...

>> No.27261235

>>27260483
To hold my bags

>> No.27261398

>>27260483
Isn't that one of the companies that has short stock like Gamestop and AMC? Hedgies also have to dump stock in other companies to buy back the short stocks. If it is one of the 2 I might consider it.

>> No.27261858

>>27260483
i'm sitting on some comfy April calls, fren. Earnings come out next week

>> No.27263146

>>27260483
Because you want to fuck over a large company in my country. Thanks homo.

>> No.27263320

>>27260483
Because you're a fucking sucker.

>> No.27263326

Big money is keeping the stock down during this meme market in order to scare people off. There is value in NOK and they don't want anyone else getting in.

>> No.27263787

>>27263326
This.
There's something fucky going on with this stock getting suspended among other memes and I think it's because the big players want in cheap.

>> No.27263912

>>27260609
Nokia is not undervalued, it's just gone to shit

>> No.27264141

>>27263912
You're thinking of their phones, which haven't been relevant for like 10 years.
They're a major player in the network field, but because of the stigma that got left from their colossal phone failure, people tend to ignore the company and don't even realize what they're currently doing.

>> No.27264248

>>27264141
In fairness it's not that Nokia was a colossal failure; Apple just blew the entire market to pieces with the iPhone.

>> No.27264269
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27264269

>>27263326
How are they doing that? I am sorry I am one of those new retard investors. Could you explain it to me?

>> No.27264343

>>27264248
Similar story to Blackberry, no choice but to pivot.

>> No.27264421

>>27264343
HAHA FRIENDS REFERENCE XD

>> No.27264530

>>27264421
what are you sperging about?

>> No.27264603

>>27264530
https://www.youtube.com/watch?v=n67RYI_0sc0

>> No.27264643

>>27264248
They were a failure because the higher ups refused to listen to their innovators and pretty much just fired them over the years and cut costs, all the while trying to make it by only catering to the business market. That was the reason for their downfall.
They completely dropped the ball with the under 30 years old audience, especially the teenager market and that kicked them in the balls and let everyone else fly past them.
Their tech was damn good, but they sucked absolute ass at marketing and reading the market direction.

>> No.27264655

>>27260483
You wanted to join the bagholder club filled with half a million Finns

>> No.27264679
File: 167 KB, 2182x1104, nok_spike.png [View same] [iqdb] [saucenao] [google]
27264679

Everyone buy the NOK dip. Wall St is dumping NOK irrationally. That’s why the price is going down (slowly). When we buy the stock for cheap, they are literally giving us their money. After Wall St rans out of stock, the price skyrockets.

Wallstreet ran out of shares for half an hour. That spike in pic was them running out of shares. Trade was stopped until they could find more, to avoid an "artificial" spike in the price.

I know it's reddit but here's a post that explains it in full: https://www.reddit.com/r/wallstreetbets/comments/l6rmkl/we_need_to_talk_about_nok/

BUY THE DIP UNTIL THEY RUN OUT OF STOCK, THEN THE PRICE WILL SKYROCKET.

>> No.27264832

>>27264643
Sounds about right. I remember the story about the CEO and his board all going buying iPhones to try and work out why it was selling like hot cakes in the Arctic. CEO let his little girl play with it for a bit, then went to bed taking it with him. Not long after his little girl knocked on his door and asked if she could play with the magic phone again. At that moment he knew his company was fucked.

>> No.27264881

>>27261116
I'll carry the torch now.

>> No.27264900

>>27260483
Because of an fingolian shill campain of /biz/.

>> No.27264913

>>27264679
How low will the dip go?

>> No.27264917
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27264917

>>27264343
>>27264248
yeah even as someone who's really high on Nokia now and in the future, their foray into handhelds was a fucking disaster. Pic related.

>>27264141
is completely right though and shit like picrel is WHY Nokia is undervalued now. If you're investing in Nokia, think of it more like an ISP and worldwide cell provider.

>> No.27265045

>>27260594
You have to go back

>> No.27265250

>>27261129

CTRM will moon for sure.

>> No.27265453

>>27264832

I don't doubt that story one bit. Nokia simply didn't have the appeal Apple did.

I remember people calling my new Nokia an old man phone around 2007.
That gives a pretty good idea of how teens saw the brand even back then and that was when Nokia was doing fairly well.
After that they dropped like a rock though.
I'm a Finn and I didn't even know Samsung phones or any most brands were a thing until like 2006 and that's because no one had them here. I saw few Ericssons and that's about it.
Absolutely everyone had a Nokia.
But in a very short amount of time people had ditched them and moved to other models. And what did Nokia do? Just kept on with the businessman market, because Finns are absolute morons when it comes to making anything trendy or appealing. We only seem to understand the stiff businessman market.
Also their approach at youth market was damn near comical. "Yeah I bet the kids will love this!" and >>27264917 this monstrosity was the result.

Icing on the cake was Microsoft sale, which was probably done just to sabotage Nokia and suppress their ability to make anything even remotely appealing.
Thank fuck they didn't sell their patents, just licensed them to Microsoft.

>> No.27265745
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27265745

>>27264917
>>27265453

So what does this company do now? And what is with that 5-G contract?

>> No.27265838

>>27265745
Look at c-band spectrum auction. The date to mark on your calendar is february 8

>> No.27266291
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27266291

>>27265745
They're pretty big in the 5G field and they're also developing 6G.
They're snatching 5G contracts all over the world, especially now that Chinks aren't that popular and people don't trust their tech.
SEB is also predicting that Nokia is going to grow faster than Ericsson and might benefit from some patent deals they're doing with Apple.
Nokia hasn't been paying dividends for a while now, but they might reinstate them Feb 4 when they publish their quarterly report, which is expected to be very positive.

Pretty much all news about Nokia are good and their long term future looks very bright. Unfortunately because of old mental images about the company, people pretty much just ignore them.
That will probably change now that they were thrust into public's eye and this should kickstart their growth. Unless of course the long nose tribe keeps on suppressing their stock to accumulate it themselves.

>> No.27266780
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27266780

The slide phone used in the Matrix was a Nokia and that's the kind of big dock energy Nokia is coming back with

>> No.27266939
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27266939

>>27266291
So eventually new cellphones without the NSA backdoor? Sounds like a good long term investment.

>> No.27267094

>>27260483
because you're susceptible to peer pressure

>> No.27268219
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27268219

bump.

>> No.27268485

N

>> No.27268581

>>27260483
You thought it was highly likely that at $4 it would 10x

>> No.27268716

>>27260483
I bought 200 shares for $5 and sold an hour or two later for 8 something a share. Thanks for buying my bags I guess

>> No.27269599

>>27260742
because Huawei has so many security backdoors due to CCP's requirements, Western countries won't use them for government devices. Nokia won US and EU 5G contracts.

>> No.27270711
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27270711

https://docs.fcc.gov/public/attachments/DA-20-1333A2.pdf
I thought you guys said Nokia was the future of 5g