Bought NOK at 3.72

Trade ticket:

Transaction: Bought
Security: NOK
Price: $3.72
Target price: $0.00

Trade Note:

Just taking a gamble here. Going long. I know sales of their cheaper phones are hurting right now and Q1 earnings were disappointing, but I don't think the company is anywhere near dead. The company has a lot of cash and the Lumia phones sales are included in Q2 earnings report. Plus, Microsoft is doing very well right now and is the perfect partner for NOK. I just read that they are going to receive a total of $1 billion from Microsoft this year for R&D on phones running Windows. I personally see a lot of upside and when Windows 8 is released, it could be a really good thing. One more thing. The dividend isn't bad either. 

Edited by 8maui0grown8 at 04/22/12 at 06:52 PM

Posted 2 days after the trade

Trade

Company information:

NOK 3.82 +0.06 (+1.6%)
Users bought (this month) 166 (51.23%)
Users sold (this month) 158 (48.77%)
Market cap 14.31B
52-week high 5.87
52-week low 1.63
10-day volume 53.88B
P/E -9.40
EPS (trailing 12 months) -0.4
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Posted by 8maui0grown8 on 04/22/12 at 06:40 PM

Comments

Nophotosm Brokerage Account

Espi92 posted April 23, 2012 (04:44PM)

Although NOK is close to its 52 week-low right now, I approve of this. I think the company is undervalued and I usually pick this up around $5 and within a few days, its up roughly 1.5% to 2%. So, I think this is a safe gamble, but only time will tell
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Maui-hawaii-002_thumb Brokerage Account

8maui0grown8 posted April 23, 2012 (09:09PM)

I appreciate the feedback. I am fairly new to the investing game so I'm glad when people respond. Good luck to you
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