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Author:

Jam ok

Subject:

Off Topic

Date:

10/05/16 at 2:01 PM CDT

 

 

READ: 4

RPLY: 1

0

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RECS:0

Sentiment:

Neutral

OT - Rally

OT - Market seems accepting of a rate hike today. Funny how supply/demand for oil flip flops on a frquent basis. Apparently, the economy is doing so well that 'dead' companies like CAT and RIG are flying - all we've seen for a  couple of years is basic materials getting continually beaten down. Not clear that this is a trend, rather than simply one optimistic day (funny how as Jester points out, when projections are made, when we get to 'there' oftentimes little has changed.)

Don't know why NOK is lagging today. Don't think it can be as simple as Piper Jaffrey didn't give any mention to them in their sunny sector analysis - although it is a company that seems to have enough 'moving parts' that aren't in competition in that particular sector. Did some work with my CPA and she was somewhat appalled that NOK screwed their shareholders by forcing a sale of ALU in early Jan, and then a buy of NOK. Yes, although they're far away in another galaxy (or, might as well be, given that they have to operate within the parameters of being based in Europe), her take agreed with what has been said here - they really screwed American holders royally. A share-conversion operation seems so simple and logical. I still don't know a rational as to why they didn't do that. That said, the article lt cap posted on the product Bell Labs came up with  seems quite positive, at least from what I gleaned of it.

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