To the many who sold too early or missed lower prices......this should gain your confidence
When you watch this stock daily, it moves from 2.75 to 3.40 and back to 3.15 then to 3.75.
Stand back for a moment, like the pros do, and look at the picture as you would long term chart!
A lousy $1 move from 2.75 to 3.75 is NOTHING!
This is not a penny stock. It's a major global corporation with licenses to WIFI, AAPL, Android, and Rimm phones, It's joint venture with SIEMENS that controls portions of the internet, almost all cars carry Nokia's global mapping, $11 - 13 billion in cash, etc.
Going from 2.75 to 3.75 is NOTHING. This company is way undervalued because of the negative hype about going bankrupt (probably spouted by the Goldmans, and such) to free up cheap shares for themselves.
We went from $40 to $2.........We certainly aren't worth $2.
Again, if you weren't following this on daily basis, you would probaably see this as a bargain, in the beginning stages of a major move.
If you don't believe in what I'm saying, grab a friend who has no inkling of Nokia, show him a 2 year chart, then ask him if it's too late to invest. You'll be surprised in the response.
"We"? lol--there is no "we" on wall street. Just saying :) When someone buys/sells is dependent on their goals and investment philosophy IMO. There are probably plenty of folks who have doubled up at this point and want to take profits. That's fine. They might have better things to do with their money. A move from $2.75 to $3.75 is not at all lousy, and definitely not "nothing". That being said, I believe new entrants at today's level are still getting in at the bottom and with lots of clarity and less risk than those who bought in the $1-3 range. There's a good argument that the $1-3 range folks are speculators/gamblers, while the $3-$5 folks are conservative investors---making an investment when returns are a certainty rather than speculative---they manage risk. At this point, fund managers will be eyeing NOK as long term investment as the road ahead is clearer. The time not to buy in is AFTER earnings---the stock will build in future earnings very quickly IMO. And that time is now.