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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?


To: niceguy767 who wrote (34543)9/3/2013 10:11:46 AM
From: sylvester80  Read Replies (2) | Respond to of 34857
 
Up more than 38% on a year-over-year basis to trade at $3.90, NOK received some bullish attention today, after inking a deal to sell its handset business to Microsoft Corporation (NASDAQ:MSFT) for approximately $7.2 billion. Oppenheimer raised the stock -- which is up 44% ahead of the bell -- to "perform" from "underperform," while Credit Suisse, Deutsche Bank, and Bernstein also handed out upgrades and/or price-target hikes. However, there is still plenty of skepticism levied against Nokia Corporation (ADR). Short interest currently accounts for 5.7% of the equity's available float -- or more than 14 sessions' worth of pent-up buying demand, at NOK's average daily trading volume. In other words, the shares could end up benefiting from future short-covering activity, in light of today's news.


schaeffersresearch.com



To: niceguy767 who wrote (34543)9/3/2013 10:16:54 AM
From: neolib3 Recommendations

Recommended By
bacchus_ii
Cautious_Optimist
Road Walker

  Read Replies (1) | Respond to of 34857
 
Congrats to you niceguy assuming you were holding some. You've been da cheerleader!



To: niceguy767 who wrote (34543)9/3/2013 10:23:07 AM
From: zax  Read Replies (1) | Respond to of 34857
 
On the day:

NOK +37%
NOK January 2.5 Calls: +97%



Sold my MSFT last week for 40% 2 year profit.
I love it when a plan comes together (BBRY is a short position of mine- looks like some fools still think someone might buy them out based upon Nokia's day today).