How to get a free iPhone 5

Sell short shares of RIM (RIMM) or Nokia (NOK).

This is cruel, as over the years I’ve been a happy owner of Blackberries and many Nokia phones.

But the writing is on the wall and these two companies are already well into their respective death spirals.

Here’s Nokia’share price for the past 4 years:

NOK getting tanked

85% drop in 4 years? That’s quite a ride down. You could have financed all your iphones shorting this stock pretty much anytime of the year.

RIM’s isn’t a whole lot better. The only real difference between the two is that RIM’s hasn’t been as much of a straight line down:

RIM tank

Technology can be so brutal to those supplying it. Go back just 5 years ago: RIM and NOK are both world-class companies, fast-growing, with incredible products and fanatical, loyal customers. They did nothing wrong, but are paying the worst price for just having been a step too slow in catching the next technological wave that came along.

But back to today’s reality: these stocks are going to continue downward.

(by the way, don’t trade stocks to try to make money to pay for an iphone. seriously.)

One response to “How to get a free iPhone 5

  1. LN

    Hey Yannik,
    How are you? Are you connected in any way with a company called “Enormo”? Please reply.

What do you think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

About Me

I'm an entrepreneur based in Barcelona, Spain. This is my personal blog. In addition to maintaining this blog, I also post on Twitter or on Google+. You can see my professional background on my LinkedIn profile.

These are my latest tweets:

  • average wage foxconn worker: $1.78/hour; US fed. minimum wage: $7.25; if China continues 20%/year increases, parity reached in just 8 years 3 days ago
  • Time to short $TEF? Telefonica in Spain must be very very desperate. Getting increasing frequency of aggressive sales calls to my cell phone 1 week ago
  • Si vives en Espana, mejor operador movil es #pepephone http://t.co/nS7PfVMy 1 week ago
  • estoy HARTO de recibir llamadas comerciales de @movistar_es. Les digo de parar pero siguen. mas seguro que nunca que jamas sere cliente 1 week ago
  • #quora has hit tipping point in my world - now a reflex first search for many queries, displacing google and wikipedia. 2 weeks ago

currency watch

Currencies are moving around a lot. The euro conversion to bahts is one that I'm watching since that's where I plan to go on holiday this summer! A place to check this is betacoin, or their page that has a euro conversion calculator.
Follow

Get every new post delivered to your Inbox.