Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.585

+0.8%

Dec 24 12:59 PM EST

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To: sylvester80 who wrote (34325)	8/23/2013 1:56:52 PM
From: Cautious_Optimist	Read Replies (1) of 34857

Its still cherry picking either way; they are obviously correlated. Lets be fair. NOK is not a rocket ship but rather a contrarian turnaround value play of an oversold stock. The market cap bar is not very high at $4/share. Currently the entire space is in a cyclical downturn. The possibilities... Merger, droid market, cross elasticity with cameras and GPS and other devices, adoption of windows, new features. A long long time ago I was short and profited on the fall of POS criminal AVNT. The shorts did well. Subsequently, beau coup dinero was made on the long side when it was oversold. I made money short, but I learned a big lesson, that companies that are oversold are often overlooked. There are great values where people turn their backs in disgust. You have to be selective though. It requires a little patience.

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