S&P dropped so many points but NOK price didn't. So, you can see how the market values my NOK and you guys' NOK. Once the market stays good, NOK will go in your favor -- up. But you never and never see $2 before the BEAR visits Nasdaq. Good luck, everyone!
Actually you may be right, just not today. I happen to think the stock has an upside of perhaps $4 to $5 over the next two years and a downside to perhaps $2. Why so modest on the upside? This is not Apple inventing the future and all that went with it, this is basic blocking and tackling and if they get it right, they will see modest gains in the intermediate term, hence $1 or $2 dollars on the upside. $2.00? Well the patents offer some level of protection, they do throw off cash. And the map business is attractive, expensive yes, but attractive and other parts of Nokia look all right.
So, in the next few moths, the success or lack thereof of the Lumia line will tell the story. Small changes in the price dramatically alter the risk:reward. For instance if you accept my scenario, at $2.50, the ratio goes to 3:1 in favor of purchase. So, wait and see.
You sir have a nice grip on reality. If we see a decent increase of success over next 60 days, then we get to see yet another phone next year from Nokia (maybe a revolutionary one) and this time no exclusives at ATT. Mostly likely, $4 to $5 is possible at that stage. For the day traders hoping to cash in now, that means selling out over the next couple of months, which will be the best thing to ever happen to this stock. Once the day traders capitulate and bring the stock below $2.50, then we can step in scoop up the shares. So we get cheap shares and have more clarity on the future of the company.