Read the post but to roughly summarize; NOK Is very well positioned to benefit from the implementation of 5G and they also have some of those sweet sweet government contracts that make them very likely to profit. It’s easy to look at their presence in consumer cellular and assume this is dumb but they’re a much more diversified company than it might seem. Worth considering.
Place your pretend money bets here chapos. Place your real money bets (if you have them) on any app besides RH!
This is not financial advice, this is gambling.
it's so hard for me to differentiate between actual advice based on data and the memes being spammed at this point, I've heard the same about 5G and all (+ some are saying the same about BB) but it's sill such a horoscope imo. but maybe I'll take the dive on this one by putting a very small amt in
I mean yeah always do your own DD. You’re correct that the logic here is similar to BB. It’s definitely always a crapshoot though. I think this one is smart though. Blackberry and Nokia were enormously successful in the earlier days of cell phone tech and all that capital didn’t just disappear.
Market for 5G: telecom infrastructure in America is dogshit and countries that have 5G technology do have far superior network connectivity.
Should exist: fuck no, the surveillance implications are horrifying, who knows if there are other long term consequences too.
Will exist: very likely yes IMO. It’s a great way for the neoliberal state to expand surveillance capabilities under market auspices. But hey I’m definitely not an expert. I am just speculating.
As to why it may do better than Qualcomm or Broadcom, iunno. The stocks a lot cheaper. And after some cursory DD my understanding is that all three of them are well positioned to make a lot of money in 5G. They just do different tech. Qualcom and Broadcom are chip companies and it seems that Nokia’s development is geared towards durable 5G antenna. My understanding of 5G is it requires the installation of a vast number of smaller transmitters. But again I am just speculating about all of this. This is definitely not financial advice! Oh no the SEC! Please don’t take me to jail!
Hey thanks for sharing your experience with me on that comrade. That’s a really interesting insight. I think the biggest thing is the geography. That’s definitely a big barrier for 5G in America. I was just assuming the surveillance capabilities were better because my understanding was that phone tracking is easier to do in a 5G network. But when I really think about it there’s a lot more to surveillance than tracking your location. Do you think 5G as a technology even makes any sense logistically in areas that aren’t densely populated?
This "not financial advice" based on shoddy foundations of stocks that are not being shorted should not be allowed imo.
are they being shorted though? i heard that they're unrelated to the short squeeze thing, i'll leave the "investing in fundamentals" to the experts i think
This is a longer play. But if you read the DD the stock price could very well spike before the February 4th earnings report so now is a good window for anyone who has any money they’re ok losing.
NOK is certainly affordable at around $4.70 average per share. I'll probably be stuck with RH for another week since it takes awhile for everything to process.
Honestly I'm counting more on the WSB bros that make serious gains to double up on these stocks rather than the value of the actual corps in question.
True but it is worth having good fundamentals too. It’s not as hard as the capitalists make it seem. The meme stocks aren’t just jokes. Even GME. The reason U/deepfuckingvalue bought so long ago is that the company was being heavily shorted but the balance sheet was not that bad at all. Most retail companies don’t have enough capital to cover all their debts right now. GameStop does and that was a big reason why DFV saw the opportunity. Realistically GameStop could pivot to being the next Steam Rn or something. They were basically just being forced to go under by the short sellers. In a way this pandemic has been good for them because it’s allowed them to cut the losses from their retail operations and start actually pivoting. There’s similar args for all the other stocks. Yeah it’s all speculative but hey, we are speculating here.
robinhood seems to be limiting buys to any stock that is shorted to any significant degree. lol. https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?region=US
Yeah fuck RH there are a bunch of other trading platforms. The cash app works even!
Fidelity is also good. I read a post on WSB about the GME trading and the conclusion was basically that the trading halts on GME had more to do with their being no stock to actually trade and the liability that comes with that for these trading platforms. I’m more skeptical about this in regards to Robinhood than anyone else because they have a real financial interest in GME stock dropping and they did the most ducky shit.
Point being the other platforms that were blocking/throttling purchases of GME probably weren’t doing it maliciously but Robinhood is the most likely to have been deliberately throttling the squeeze so fuck them.
Ughhh fuck they’re all terrible and at this point it may be worth having a redundancy too. Cash app lets you trade stocks and Webull is Chinese owned. They halted GME trading but I think that was more about covering their own asses than anything else. I’ve also heard good things about Schwabb but I think you need an account in their bank to us them. I don’t think that’s true about TDAmeritrade. Which I’ve heard is also good. I’ve also been recommended Uphold.
