Are Nokia worth a punt?

drunkmonkey

Their share price is near rock bottom. They got caught on the hop with Android & Apple iOS but could come back with windows 8 in the future. Microsoft is in a lot of homes and Nokia with the right phone could easily bounce back, there still the king box shifter of mobile phones especially in the none smart phone market.

What do you think, could they rebound? I didn't catch the Apple train but I don't think Nokia should be written off as Junk. The prices is starting to gain a few points and they are a trusted brand.

tommylimerick

was wondering the same myself a couple of months back
are they a spent force , but i wouldn t call them junk just yet
they still got a massive market cap
but the main running in this market seems to be apple and samsung
but i am glad i did not buy them then

NewBeefFarmer

:-). . .. . before anyone knocks you off your stool . . . . id like to add. . apple was worth 35$ a share in 2005, it stands proudly today at 700$ a share.. .


sad to see nokia. . . i remember when i gave up my last nokia, i said, its your fault, not staying up with the times. .

apple and samsung have taken the reins. .

come on nokia i say! . . im sure in 10yrs time, we will be saying. . geeess remember the iphone. . .lol. . now we have the

---

. . .. but who will be the manufacturer. . ????????????????????????????/

turbobaby

As far as I know Nokias two biggest assets are their suite of patents and massive losses to offset against tax in Finland.

They're still huge in the developing world so maybe they'll get a second chance when those consumers move to smart phones.

drunkmonkey

There starting to climb, could this be the start of a comeback or a just a blip?

http://uk.finance.yahoo.com/echarts?s=NOA3.DE#symbol=noa3.de;range=5d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Mr Benevolent

drunkmonkey wrote: »

There starting to climb, could this be the start of a comeback or a just a blip?

http://uk.finance.yahoo.com/echarts?s=NOA3.DE#symbol=noa3.de;range=5d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

A blip.

drunkmonkey

Confab wrote: »

A blip.

How many blips before you should buckle in?

http://economictimes.indiatimes.com/markets/global-markets/european-shares-led-higher-by-nokia/articleshow/17504816.cms

delux

NOK on it's way back to $10?

Sponge Bob

No. Big problems getting hold of their windows phone ( although maybe these were planned problems) .

BrokenArrows

Until they release numbers sold then we won't know if they were planned or not.

But having a image of being saught after will have the same effect. It's gets them press, it creates a desirable image which will cause them so sell more in the long run.

BrokenArrows

Nokia has released some prelim sales figures showing better than expected results.

Premarket in NYSE is moving between 18-22%
Helsinki Open market is up 12.73%

Yesterday the NYSE dropped around 7% on news about a tax evasion investigation in India. I believed this was a major over reaction so i doubled my holding in NOK on this news. Very glad i did now.

BrokenArrows

Im struggling with what to do with my holding when NYSE opens.

My thinking is that with such as steep rise there is bound to be a decent pullback at some point, whethers its later today or tomorrow.

Also this quarter also include the christmas periods sales so they were always going to be greater than just a normal period.

However this could just be what the NOK market needs a bit of confidence and it could quickly be back in the $5 range.

delux

Lovely results

BrokenArrows

Yup.

I ended up taking profits at $4.38.
That got me a nice 16% profit.

Im going to look to reenter at some point but ill see how it plays out over the rest of today and tomorrow.

BrokenArrows

I shouldnt have sold!