Tuesday, February 15, 2011

CNTF - China Techfaith Wireless Communications Technology


Sounds like a pretty good deal. FINVIZ.com has this stock tracking along very positive trending lines, as if the concept itself, Wireless Communication in China, doesn't sell it already. I wish I had this back in May when it was only $2 a share.

Friday, February 11, 2011

Nokia tanking,

Nokia (NOK) was riding high back in 2000, with a stock price near $60 per share, by September 2001 it was down to around $14 per share and crawled back out of the shadows to around $40 by November 2007. Then slid and hovered between $10 and $15 all the way through 2009 and most of 2010.

On February 9, Nokia peaked at $11.73, but today, Friday, November 11, 2011, NOK was knocked off the precipice and is about to close at around $9.

Analysts were struggling to rationalize why they should hold on or buy more of the stock. It was reported that the company was making a deal with Microsoft for the use of its smartphone platform, Windows Phone 7 (1) among other strategies, however, the phone may never emerge from the shadows of Apple (AAPL) or Reserch in Motion (RIM).

I'm reminded of Kodak, which peaked at over $90 per share back in 1997, but is now a mere shadow of its former self at $3.63 per share. Oddly, there are over 200,000,000 shares of Kodak still out there. What a bummer.

Some times you just have to let go.

1. http://blog.mobilegamesblog.com/2011/02/nokias-shares-sink-13-28/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MobileGamesBlog+%28Mobile+Games+Blog.com%29 

Thursday, February 10, 2011

Pandemonium at CNBC

There was a CG on the screen that showed December sales were up at the same moment they were reporting that inventories are up.

The markets started lower, and has dropped past 0.50 percent today. Do I care? Not really, most of my stocks are not part of the DJIA, mine are mostly "microcap" stocks that have very little capitalization, that are brand-new fresh startups which are nothing like the old behemoths that have been taken over by second-generation silver-spooners with interest only in self-serving profits rather than filling the original need. Yet, TV Money programs keep repeating the conditions of the same old stocks.

At this moment, CNBC is featuring analysts who look at Satellite photos of Walmart and McDonalds parking lots, to make their financial decisions, but the data could just as easily mean that customers have enough money to go elsewhere, as it could mean that people are so desperately poor that they cut their spending at Walmart and McDonalds.

What is so appealing about these TV Money programs is that they convey such melodrama about the stock market that opportunities open up.

ALU (Alcatel-Lucent) is suddenly being featured, rising at the moment like a shooting star, and at a low low price, under $5.00 per share right at this moment. I'm going to keep an eye on it because I'll bet that traders this afternoon are going to start taking huge profits, forcing the stock down by the end of the day. Keep an eye on ALU.