Buying high can be ok if the price goes higher. We have to wait and see how Mr Market values the new Nokia cash rich business. It doesn't look to be going under anytime soon. Nokia was hammered by shorts, instititutionals and then priced for a bankruptcy. Elop played it brilliantly and they failed to talk nok out of business.
Apple is priced for perfection and having problems maintaining the huge margins in a nokia driven commodity Smartphone market. They would be wise to make an offer on the nok handset division, before Mr Softy locks it up.
I'm betting on Nokia going higher, we will see if Mr Market agree's.
Yes, I made a stupid mistake of bailing out at 5.50 (nice profits) in hopes of investing Microsoft and Sony (new game consoles coming out). Then I realized that Sony's balance sheet isn't all that attractive and they have problems of their own, even with the new systems. As for Microsoft, I knew it would be a while until that thing doubles (Nokia has a better chance to double before Microsoft). So I came back to my first love, Nokia. The buyout devices just came out of nowhere, I didn't have a chance to think it through. So here I'am. Long again.