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  • ilikeembrown ilikeembrown Mar 7, 2012 1:15 PM Flag

    Going to $25

    I agree with you. And hind sight is always 20/20. But, I really did almost sell at 28 <g>. In the last year Got in at 17, out at 26 and back in now at 22, so with some luck it can work nicely. However, I have been burnt in the past trying to time like that. I actually have a (very) small position in BAC. And, I am looking at NOK. If my advisor agrees I may dabble in it with 10 or 20K of IRA money. News was fairly negative out of Spain, so any bet I make on NOK will be fairly small at this point.

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    • I came close to hitting button myself but like I said, hard to be right more times because probabilities are against you like picking lottery numbers. You made a wise bet at 22 and will not go wrong holding and riding it higher. I am not a pumper.

      NOK had a technical resistance (bottom) at 4.96 and if I had more money, I will buy more. On a pure technical basis, you can make a good 20% in Nokia but on a short-term basis. If you are an investor for long-term, then forget the fluctuations and get in NOK but expect returns to be slow to come. I think it has a chance of doubling in 2012 and have a long position.

 
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