Nokia Stock

[tebugg]

They are doing amazing this week.

alot of nokia's stock has to do with how well windows mobile is doing. check out this recent article about cell phone operating systems and where they are projected to be in 2016.

Worldwide Mobile Phone Growth Expected to Drop to 1.4% in 2012 Despite Continued Growth Of Smartphones, According to IDC - prUS23818212

 

[LikeWaah]

Closed up 12.79% today! That was a huge run, and has exceeded my expectations. I think part of it may be on estimates that they will sell ~6 million Lumias in China alone, making a shot at ~10 million worldwide a very real possibility.

I expect a bit of profit taking on friday, not sure how the stock will move tomorrow. It's possible shorts will try to pile on tomorrow. If the stock continues to move up tomorrow and friday, I think we may have seen a true breakout and the trading range should be adjusted.

But honestly I'm not a trader, I'm just guessing at what might happen to fine tune my judgment. I'm holding on until I can retire! Just kidding, but that would be a dream come true...

 

[Zenite]

Hey guys do you remember the dotcom bubble.. My dad sold his over 10 year old long term shares @*~$40/35€ and made a fortune. Looong way to go up there 8D

Nokia's stock price was still going ballistic as the company swept all before it on the mobile phone front. Soon it would be reported that there were more than 7,000 "Nokia millionaires" in Finland (Country of 5+ million people.)
Helsingin Sanomat - International Edition

I won't touch consumer electronics stocks neva

 

[viktor_k]

Yea, pretty sure NOK will see a drop to around 3.70 before next week, but if i'm wrong then good for them. Its a bit scary touching a stock that has so much activity.

 

[viktor_k]

another factor is windows phone OS, but microsoft isn't doing very well, you'd think they would lead if the outlook for OS was good.

 

[LikeWaah]

Yea, pretty sure NOK will see a drop to around 3.70 before next week, but if i'm wrong then good for them. Its a bit scary touching a stock that has so much activity.

Why? If you know what you have, then you just let the market fluctuate. I think this stock is massively undervalued. It could go back to $2.50 tomorrow and I'd be just fine. Sure I would have preferred to sell first, then buy back, but I'm more concerned about missing the jump up. As long as the trend is up, I'm in for the ride. Can't wait until the golden cross, we'll have technical traders pouring in. :grin:

 

[nzrocketman]

and if the price keeps going up as it is today, more and more people will invest which should keep bumping it up

 

[viktor_k]

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.

 

[viktor_k]

at least that's what I'm doing for now (or trying).

 

[inteller]

If Nokia takes China and India in marketshare, the rest of the world can go pound sand...including the United States of Applefanbois.

 

[viktor_k]

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.

 

[LikeWaah]

Viktor, I meant why do you find it scary to hold a position in such a volatile stock? We know it's not going to 0 anytime soon.

 

[jabtano]

Nokia is a great buy right now anywhere below $5.00 per. Nokia is pretty strong with a great design team, I like this stock in the mid-range low long...

 

[a5cent]

Well, its at 3.70 today, i'm sure the stock will rise up above 20$ in the next 2-3 years

If that happens, myself and a few others here can retire early.

 

[unstoppablekem]

If that happens, myself and a few others here can retire early.

now I'll tell my dad to buy 20k shares. Lol. Jk.

 

[viktor_k]

now I'll tell my dad to buy 20k shares. Lol. Jk.

Ummm, tell your dad to hold off, i have to buy mine back first....

 

[viktor_k]

Viktor, I meant why do you find it scary to hold a position in such a volatile stock? We know it's not going to 0 anytime soon.

Yea, i figured that's what you meant, forgot to reply about that though. There are people that look at 3$ and feel that if eventually they sell at 10$ that's good enough, and there are people that will make 3x as much with the same number of stock. Of course there are those people that like to be in that latter category but end up loosing their pants. I'd like to think I'm not going to loose my pants. Luckily I'm not playing with large sum yet.

 

[LikeWaah]

Yea, i figured that's what you meant, forgot to reply about that though. There are people that look at 3$ and feel that if eventually they sell at 10$ that's good enough, and there are people that will make 3x as much with the same number of stock. Of course there are those people that like to be in that latter category but end up loosing their pants. I'd like to think I'm not going to loose my pants. Luckily I'm not playing with large sum yet.

I see. I think volatility just gives us more opportunities to buy undervalued stocks, and sell overvalued stocks. IOW, volatility gives us opportunities. Whether we make the right decision for the opportunity is up to us.

 

[LikeWaah]

If that happens, myself and a few others here can retire early.

I can't risk enough to retire early (wish I had that kind of capital), but if we see $20, I will be well on my way towards retiring. :grin:

 

[hopmedic]

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.