- 12-05-2012, 07:35 PM #26
- 12-06-2012, 12:21 PM #28
Well, its at 3.70 today, i'm sure the stock will rise up above 20$ in the next 2-3 years, so long term I see good gains, but short term day traders will milk this stock for at least a few more months, so you'll see these big swings specially with news rolling in every other day.
- 12-06-2012, 12:41 PM #31
yea, China is big for them, and of course India loves microsoft, so those two markets look good for them. The only problem is that China or India have never been able to set a trend (at least in technology) they follow trends but not lead or establish them. So even if it does succeed in China and India, it won't mean that it will catch on in US. I'd like to see it though, there are some signs out there that people are starting to understand that there's more than Google and Apple, so that's good.
- 12-06-2012, 07:40 PM #37
- 12-06-2012, 07:57 PM #38
- 12-06-2012, 08:22 PM #40
I don't have money to invest, having spent 40% of Obama's first term out of work, but I did put 100 shares in my Roth this summer at $2.57, and I plan on holding it long term. If I come up with more to invest, I'll certainly put more into NOK while it's low, though.
- 12-07-2012, 06:44 AM #42
Ah, didn't know they paid a dividend. I'm new to the Roth, never played stocks, other than to "day trade" my 401k as a friend once called it. Watch the funds and shift as they rise and fall... Who knows, maybe I helped myself, maybe not. Anyway, I bought NOK because I had the chance and I believe in what they're doing.
I did put $500 in WorldCom once, hoping to see them bounce back, though.... LOL! But back then I could afford to lose that $500... Maybe I should just stick with computers...
- 12-07-2012, 01:39 PM #43
You 'day traded' your 401k? Well, since it's a tax-deferred account you'll be okay, but if it was a taxed account, the taxes could have come back to bite you in the butt.
Yes, they pay a 6.53% dividend (based on the current price and most recent payout), which is above average for tech companies. This has been speculation that they may not pay a dividend in 2013, but it has not been decided officially, and if they show an operating profit this coming quarter, I doubt they'll eliminate the dividend. I think the worst that could happen is a reduction in the dividend.
What I'm really hoping for in the future is a dividend increase! I would be so happy if I could be earning 10-15% on my investment from just dividends on a yearly basis!
- 12-07-2012, 01:42 PM #44
Also, NOK has recovered nearly all the losses from yesterday. So far I've noticed NOK is usually down or flat on fridays, but today it's doing well. I anticipate more moves upwards next week. Maybe we will break $4, hopefully we can find support above $4.10. Can't wait until $5, the ball will really be rolling by then.
- 12-07-2012, 03:15 PM #45
- 12-07-2012, 05:04 PM #46
The pessimist in me says we won't see $5 until earnings. The optimist in me says we'll see $5 on hype prior to earnings. The realist in me says that we may see $5 before earnings, but we can't trust it as a support until earnings.
- 12-07-2012, 05:47 PM #47
My stock guy is trying to encourage me to sell at $4. I bought 200 shares at $3.30 right before it went back down in the $2 range for quite sometime. I'm thinking of holding onto it longer, I think that $5 is realistic and perhaps higher in the long term. Thoughts?
- 12-07-2012, 06:33 PM #48
IMO, there is a clear uptrend, both in terms of technicals and business conditions. The only thing we are waiting for now are the fundamentals (earnings) to confirm. I see absolutely no reason to sell now. I would personally hold until after earnings, but it's your money, do with it what you will.
- 12-07-2012, 08:00 PM #49
yahoo finance short interest was about 8% on the 15th of November. It's probably much lower now, as I assume we are already witnessing the effects of that short squeeze.
$5 by earnings? By January 29th? Wow, that is soon. I'm confident Nokia will hit $5 at some point, but I'm not sure earnings will get us there. A stock buy back might (unlikely just around the corner).
- 12-07-2012, 11:09 PM #50
Yeah, I agree it's optimistic. Even that's an understatement. Honestly, I hope it doesn't make it to $5 too soon, because I'm hoping to accumulate more. A buy back would be awesome, but I agree that it's probably not in the cards. If anything it'd be a toss up between a dividend or buy backs.
At the rate this run is going, the 50SMA is going up sharply ready to cross the 200SMA. $5 is definitely in the cards if we continue at this pace.
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