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Tech

Nokia Corporation (NOK) : Small Long Position

For a very short term play, Nokia seems to be bouncing off its low at $12.00

For now, it is unlikely that it will move up too much given its recent announcement on earnings and margins cut.

Let’s see if it can reach $12.28

Categories
Tech

Nokia Corporation (NOK) : Where’s the Support

Nokia gap down big time on Apr 22.

Even it’s support at 12.24 back in August 2009 is not holding.

Nokia, while financially much stronger than Palm may be going towards that direction. Down.

It seems to be playing a bit of a catch up in the SmartPhone area. Though, I think it is holding well in the entry level phones.