How about all us little people pull every last dime out of the stock market and see how much these billionaires are worth then.
Hell yeah, pump Nokia up as your starter since it's at a lowball price right now and hold onto it.
Used my tax rebate given to me God knows how long ago to buy 10.5 shares of Nokia when it was trading at $4.69 per share.
What is it now? I was planning on going big on GameStop but maybe I'll split the buy.
No. Nokia has a huge market cap - 3x the GME. Nobody will move that one. Buy GME; it will continue to rise. That is, if you’re wanting to play the speculative game.
If you want a sure thing, buy a long put on GME, it will eventually fall again.
It’s all about your risk threshold, but if you want to make a statement and money, GME is the one place we are going to be able to do it. Everything is going to change rules-wise as a result of that one once the dust settles, and it will mostly be on the hedge fund side preventing them from taking such a stupid position. Additionally, the cost of doing what is going on now will be so high, it would be impossible to really pull of a short squeeze of this magnitude.
$4.56 per share.
They're trying to make Nokia their new short while also getting people to panic sell their Nokia shares since it didn't climb back up the way GameStop did.
Just hold onto it long term, since Nokia is investing in 5G infrastructure (despite my grievances) and other technological projects.
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