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Nokia and Ericsson are not highly shorted. Nokia short ratio is less than 1%. I have no idea why WSB picked them. Also, both companies' market cap is greater th
by tinyhouse 6y ago
Nokia and Ericsson are not highly shorted. Nokia short ratio is less than 1%. I have no idea why WSB picked them. Also, both companies' market cap is greater than 20B so it's not easy to manipulate the stock price to the GME levels.
- vga805 6y agoThey convinced themselves that Nokia and Ericsson are doing big things with 5G.
- greensoap 6y agoThere is some thought that Bots are pumping NOK on WSB... who knows
- runawaybottle 6y agoThey look for cheap calls, that’s about it. It’s standard buy low sell high stuff. That’s why I don’t get why they are being made out to be some kind of evil geniuses/idiots. It’s very standard stuff.
- tinyhouse 6y agoThat makes total sense.
- hardwaresofton 6y agoIt's more likely that WSB did not pick NOK, they have been battling infiltration and spamming from hedge funds since last week -- the hedge funds have been trying to shift the focus of the subreddit to any other ticker that they could. The original suggested tickers are: BB, AMC, and NOK. I won't get into it too much but the first 2 (BB and AMC) have had some material good news lately (AMC got 900M in funding together and bankruptcy is likely off the table, so that warrants a fundamental pop), but the last one is the obvious trap -- NOK has not had any super significant good news lately, and is not highly shorted. It might gamma squeeze, but I think that it's a trap to push retail into so they can actually dump it, so much so that I bought puts on NOK that I was up on (but suffered a bit from IV crush). I know HN is just getting to this story, but WSB has been dealing with this for the last like... ~2/3 weeks.
- splistud 6y agoand of course WSB is not a cabal, just a message board