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Nokia Corporation Message Board

  • newinvestorkid newinvestorkid Jun 9, 2010 8:56 PM Flag

    If NOK annonces a warning?

    How much lower will/can it go? Its already close to lows it hit last March when the Dow was trading at 6500? I wouldnt think it would fall under $5, anyone else think the downside is limited to $5+?

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    • I don't think it will go much lower than it is right now. Maybe another 10 or 15 cents. The price decline is due to the rumor and to the apple having their new phone out and the euro. The stock was recently upgraded and on top of that the company is looking to increase the div rate to 5.0 percent. I do not own alot of shares. I own 2,300 that is it. I bought 1,000 at 12.02 last year and I bought 1300 today at 9.19 I could not pass up the price. The rumor is a rumor, last earnings the company said that this year they were not going to make as much as they thought and the stock went down in April. I do not plan to sell even if it went to 14.00 tomorrow. I think that in 5 years this stock could be 35 dollars, so if I can get about 4000 shares by then, I think I will be doing okay. Now I know there will be people saying what ever they want to say, but in the long run, this stock is a winner.

5.66-0.08(-1.39%)Sep 23 4:03 PMEDT