To be correct...
I do think Nokia is cooking the books... but, only in their accounting... which they actually control... and, thus far, probably well within the limits of flexibility that exist, which the PCOAB will not have issues with...
I don't think Nokia is responsible for perpetrating the fraud I see in the trading in the stock... even if they "appear" they may be direct beneficiaries of the effort, market interests are rarely that transparent...
If you're properly cynical about the market... you'd more likely suspect NOK management of wanting the market to be more violent with them than it has been... given they use the price they get it down to, to reset options to the market lows... like we've not seen that crap done in every corner of the market...
I doubt there is any manipulation of the NOK stock directed by Nokia, the company, or that there is anyone who would be manipulating the stock that really cares a rats ass about what happens to Nokia, the company... rather than caring about it only in relation to their own financial interest... in whatever trade it is... that seems it IS important enough to "someone" to have them justify engaging in market fraud to have that "bet" be protected...
It's probably far more likely to be about someone protecting some large derivatives based trade... than it is about someone holding a long or short holding in a couple of NOK shares... ?
I expect that sort of fraud is being conducted by... the guys who run the markets... not the guys who run the company...
It could boil down to NITE "cleverly" reversing positions in the trade... after the melt down... expecting to catch someone else by surprise... now... after they were caught by surprise by... themselves, recently. It suggests they've been over-valuing their own "weight" in the trade... versus the drivers in others trading... while ignoring how BUTT UGLY this pig is looking as the next Q creeps up ? That's all pure speculation, of course... but, what we observed happen in the charts... isn't speculation at all.
It seems a safe enough bet... that whoever is responsible... it is a "trade" that is clearly tied into the Aug 1 events... somehow...
A vastly larger factor in the markets now... for the big boys... has nothing at all to do with the actual fundamentals behind any "pick"... but is instead all and only about protecting your position, whatever it is, from being revealed to competitors... because if your position IS revealed, others will then roll in on it, trying to destroy you... the same issue as JPM has in defending their trades from "free market action", now that everyone knows what their failed position is...
Of course, that reveals that something is fundamentally wrong with the markets... that trading isn't ever about "the value" of being right on the fundamentals... rather than about the market power being applied... trying to generate profit by destroying the value of some others "bet"...
The banks are fundamentally corrupt... as if that's news... or should be, when traders are put in charge of them.
They're manipulating trading in stocks, in NSS, in precious metals, libor rates, operating frauds in mortgages, and in trading the derivatives based on them, in the "take downs" of companies, and competitors, and in the operation of the politics required to get the public to bail them out when they fail... and we're supposed to pretend each of those "instances" has no relationship to the others ? LOL!!
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