Inderes Coffee Room (Part 3)

That was a good example from the tech bubble days. @Sijoittaja-alokas (Investor-Rookie).

This poor-quality image fits the Stonesoft vs. KONE comparison. The original image can be found in Kim Lindström’s book: Menesty osakesijoittajana (Succeed as a Stock Investor). Talentum 2005, page 43.

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Great, thanks for bothering to dig that up. Well, that wasn’t the craziest in terms of percentages then :smiley:

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Quoted from Wikipedia:

The bubble was associated with “hype,” or exaggeration. Companies sold their new, revolutionary product ideas as PowerPoint concepts before a single line of code had been written. Venture capitalists and companies rushed to fund operations based on these presentations. The superiority of the IT sector was justified by claiming that information technology would enable endless productivity growth. The concept of the “new economy” emerged. Some believed that recessions would no longer occur, but that growth would continue forever.

Private investors, banks, and even states believed in assurances and calculations where a company’s market value could be tens of times its revenue and balance sheet value. A small, loss-making Internet company could have a higher market value than a profitable business with significantly higher revenue and balance sheet operating in a traditional industry. Numerous new small IT companies were founded.

You can never read these enough.. :wink:

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Are there any native language experts on the forum?

The forum’s quality is hoped to remain high, and spelling is a key part of that (even I still have room for improvement…). On one hockey forum, there’s a “grammar and compound word thread.” Contrary to what one might expect, it’s not a place for sarcasm, snark, or arrogance. Some write there about proper writing in general, some ask for clarifications on writing forms or inflections, and sometimes typos are linked there and corrected. I also don’t recall seeing anyone who “ended up” in the thread getting annoyed or embarrassed about it.

I could first gauge from the number of likes whether a similar thread would be seen as valuable here :man_shrugging: Or @Verneri_Pulkkinen can tighten the reins even before that :smiley:

Edit. The thought came to mind when I corrected “Indereksen” to “Inderesin” in my own message. Still, I’m not entirely sure if I corrected it correctly. To my knowledge, Jules Verne’s book is Julesin (Jules’s). On the other hand, I’ve heard of Elvis’ albums, but not Elvisin (Elvis’s)… Aargh…

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@Contrafun, that picture says more than a thousand words. :grinning:
@Mansa, these are read, but not learned from. :upside_down_face:

This company, in my opinion, fit well into the spirit of the IT bubble era:

Riot (Riot-Entertainment) never went public; if the masters of the Lounge were to found a company, it would be something like that. :sunglasses:

EDIT: It’s worth watching that documentary; it’s not perfectly made, but it’s interesting nonetheless.

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Huh, 5th day in a row the Index has been beaten, even though it was the first down day in 5 days…

Are stocks starting to struggle a bit?

Rarely have I awaited earnings season this impatiently. Usually, I’m calm in between and then get nervous about the results.

Qt (below positive, though under index forecasts)
Harvia (below a couple of forecast beats and a couple of acquisitions)
Talenom (good year, below good profitability which acquisitions are weighing on), looks expensive.
Kamux (below positive, though under index forecasts, but TP 17 eur?)
Kaspi (below 2 positives)
Livechat (below good preliminary info, corrected upwards)
Voxtur (got UWM deal and progressing, but no numbers)
Oroco (first assays from first holes)
IT services (Innofactor, Digia, and Solteq = good results below, share prices have fallen strongly, what am I missing?)
Evo (USA opening up, I’m not that on the ball, but apparently a strong company)
Ses-imagotag (first profitable quarter below and fantastic order book, Q3 components flagged = possible slowdown)
Avidly (good progress, starting to look like a growth company)

There are others too…

Which of these would worry me the most now?

Will we dip lower and then correct back to this level?

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Has anyone considered participating in the Autostore IPO? It will be listed on the Oslo Stock Exchange next week. I skimmed through the prospectus and the company briefly. The company was founded in 1995 and advertises itself as a pioneer in package storage. Its customers include major consumer goods brands and it’s experiencing good growth, but on the flip side, its competitors include Amazon, for example…

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This has certainly done me good. Of course, when child number 2 arrived in March, I prioritized sleep, which hasn’t been a bad solution at all. Add to that the rather hectic market situation in the construction industry, and free time at work is also quite scarce. It’s not nice, of course, when you come to the forum and there are over a dozen notifications with a lot to read in really interesting threads, but you can still pick out the most important ones.

Now, just bravely name the usernames since you brought it up and it clearly happened :slight_smile: If the administration notices such activity and is allergic to it, shouldn’t this be brought up openly and the detected problem addressed?

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Back then, they knew how to do it; this is proper “theneverstopthemadnesshubbabubbaräntapåränta” (never stop the madness, compound interest) kind of action. :sunglasses:


(Lähdekoodi sivulle IT-kupla – Wikipedia)]
The text is quoted from Wikipedia because I am lazy. :roll_eyes:
“In 2000, Xcelera made a venture investment in a Finnish GNU/Linux software company called SOT Oy Suomen Ohjelmistotyö Ab. The US investment company, headquartered in the Cayman Islands, is owned by Norwegians Gustav and Alexander Vik. The Viks made their fortune during the dot-com bubble on the US stock market. Alexander Vik spread anonymous rumors on the Internet to raise his company’s stock price. The scheme was so successful that Alexander Vik earned the nickname Big-Al after Al Capone. Xcelera’s share value rose from 30 cents to 223 dollars in a year, over 65,000 percent. In March 2000, Xcelera’s value was at an all-time high of 12 billion dollars. If one had initially invested 100 euros in Xcelera, they would have reaped a 60,000 euro profit in a year. Big-Al himself made 400 million dollars by selling his shares at the right time. Currently, Xcelera’s share value has fallen by just over 99 percent from its peak.”

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Situation report from the headquarters.
So far, it seems that shareholder value has not been destroyed by any truly expensive renovations to the office or by the sauna heater being left on after an after-sauna party, burning down the entire office.
As an owner, I disapprove of the (presumed) unnecessary use of electricity and any other expenses the company has where savings could be made.
We will continue to monitor what the coming quarters and years bring.

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Is that Petri Kajaani at the office at this hour, working on Marimekko’s extensive report? :thinking: :smiley:

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Apparently, those hype stocks are completely new to me, so out of curiosity I ask: what was the Diamond Hand (Timontti) effect upwards (in concrete percentage terms) and especially what was it downwards when the sell-off became clear? So, how much did the price actually drop IRL?

I’m asking for facts here. Yes, and I’m not doing my own research. This is a coffee break, you can’t flag laziness. But curious…
I think maybe others would be interested in this fact too, after the whip lashes…

I found this image in an investment book:

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A very commendable thought. Often, clear writing also indicates clear thinking, and muddled writing… the opposite.

And yes, Inderes is inflected as “Inderesin,” not “indereksen.” :ghost:

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When writing on a mobile device, don’t your brain always roll faster than your fingers, so it’s inevitably written in a messy way :joy:

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There’s one grammatical error that, for some reason, always makes my blood boil in this forum. The fault lies with me, of course, for letting such a small thing affect me, and certainly not with the writer.

It’s about using the word “lienee” (probably/it seems) as an auxiliary verb. “Lienee” is only the potential form of the verb “olla” (to be). It conjugates according to person like this:

minä lienen (I might be)
sinä lienet (you might be)
hän lienee (he/she/it might be)
me lienemme (we might be)
te lienette (you (plural) might be)
he lienevät (they might be)

It is used incorrectly as an auxiliary verb like this: Matti and Maija lienee ehtivät seuraavaan junaan. (Matti and Maija probably manage to catch the next train.)

In reality, every verb has its own potential form. The sentence should go like this: Matti and Maija ehtinevät seuraavaan junaan. (Matti and Maija might manage to catch the next train.) The forms are: ehtinen, ehtinet, ehtinee, ehtinemme, ehtinette, ehtinevät.

Often, potential forms are really clunky, which can make using them correctly difficult. A good rule of thumb is that you can never go wrong by using a circumlocution (I think that… perhaps, etc.)

A couple more examples. The first is wrong, and the second is correct.

Lienee otatko huomioon, että… / Ottanetko huomioon, että… (Do you perhaps take into account that… / Will you perhaps take into account that…)
Tulos lienee laskee ensi vuonna / Tulos laskenee ensi vuonna (The result will probably decrease next year / The result might decrease next year)
Osinko lienee menee maksuun lokakuussa / Osinko mennee maksuun lokakuussa (The dividend will probably be paid in October / The dividend might be paid in October)

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If you replace “IT sector” with “central bank stimulus” and “information technology” with “money printing,” one could wildly imagine the Wikipedia quote describing today…

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Tell me how “Kaleton” is inflected. In Keuruu, the road sign says “Kalettomantie”?

Place names are inflected according to local tradition, so I can’t say anything about that. I’m terrible at spelling street names anyway.

Similarly, several names can be inflected in two different ways, and ultimately it’s up to the name owner’s own preference. For example, “Sampon” or “Sammon” is okay. @Pohjolan_Eka had a funny rant about this on Twitter, but unfortunately, such a described system does not yet exist.

https://twitter.com/PohjolanEka/status/1447141767053197313

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