Nokia - sell or hold?

**bjl584** · 09-03-2013, 07:35 AM

Your actually up a bit. It was $5.22 the last I looked.

I'd be tempted to sell with a little bit of profit and move on.

**KTP** · 09-03-2013, 02:13 PM

Sadly I had 14,000 shares of Nokia last year purchased at around $3 to $3.50 but sold them all earlier this year for a teeny profit. Such is the game.

My gut tells me Nokia is going to climb over the next few weeks to about $6 a share, but it will probably be choppy on the way there...could bounce several times between $4.50 and $5.50.

Microsoft is committed. They might sweeten the deal a little bit in early October if the Fins give a protest.

What I really want to know is how Microsoft will handle 32,000 new employees...

**KTP** · 09-05-2013, 07:22 AM

Actually I took a little more of a dip in Nokia (had 1000 shares @ $3.50 in an IRA I had forgotten about) and bought 50 Jan 2014 $6 call options for $0.25. I think we have not seen all of the gap up in Nokia and might see $7 or $8 a share before end of this year. A $1250 gamble that could pay up to $10,000 with a bit of luck. My trading account is up 44% this year so I can handle the "lottery ticket"

**Petunia 100** · 09-05-2013, 12:47 PM

I think that unless a person can read the financials, crunch the numbers, analyze micro- and macro-economic trends, then reach their own conclusion about what to buy/sell and at what price, then that person should stick to broad market index funds. In other words, if you have to ask if you should buy/sell a particular security, the answer is you shouldn't be in individual securities at all.

Just my opinion, no offense intended.

**KTP** · 09-05-2013, 02:09 PM

I agree 100% with Petunia. The reason I was not into Nokia was because they were headed to eventual bankruptcy. If you had been holding at $5 a share through all of that, then you probably don't know a lot about the stock. This thing with Microsoft is just total random luck for Nokia, but you have to understand how it probably will play out.

It was not worth it for me to hold Nokia at $3.50, but it is worth it for me to hold at $5.50. That is a strange situation, but I think it is true.

**MatthewC** · 09-26-2013, 12:10 PM

Petunia 100,

That's way too much work. Although I say that, it takes me 2 1/2 to 4 hours to make most of my portfolios. I don't read the financials and ignore the trends. I do crunch the numbers and take a look through the news for anything important (like fraud, bankruptcy, etc). There's not enough time in the day to go through all the information you want to if you are going to read financials one by one. You need an army to do something like that, and what kind of individual investor has those kind of resources?

**soogar** · 10-21-2013, 12:19 PM

Hi, I bought Nokia after I saw the new Lumia phones. I think the phones are sweet and the windows interface is much better than the android. I also see good potential for the Windows phones with regard to handling Word docs and Excel files. Supposedly they are planning to debut a 6" phablet shortly. I think that with the really great camera, windows interface and potential (I don't have this pbone) ability to handle Windows docs, Nokia is a very good deal for a few dollars a share. I think you can risk a little bit of money on them.

**KTP** · 10-21-2013, 12:23 PM

Since this thread started I invested in Nokia calls and have sold almost all of them for about $7000 profit. I rolled this into Apple spread (Jan 2015 $400 calls and short April 2014 $520 calls) and that is now up $5000.

I am not a trader but gee whiz my trading account is up 85% now YTD

Can we have some more gubmint shutdowns please?

Nokia - sell or hold?