Technology Stocks : Nokia Corp. (NOK)
NOK 6.0400.0%Jul 18 8:04 PM EDTNews

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From: Rarebird7/27/2017 7:28:03 AM
3 Recommendations

Recommended By
The Black Swan
The Ox

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Nokia is currently up over 4% premarket in NY after reporting better than expected earnings. What is encouraging here is that Nokia is increasing its market share (in its networking business) from its rivals. When 5G is ready to be deployed, Nokia will be a prime beneficiary.

I think the stock is an absolute bargain here at these levels.

NOK is a prime turnaround situation for me. And I don't use these words loosely. I'm basically a swing trader, but I wouldn't dare trade NOK at these levels. NOK is a buy and hold and an easy 10 bagger from its lows.

I will be listening to the conference call in 35 minutes and will probably add to my position. I like what I am seeing very much. Now I need to hear it:

Turnaround situations take time and patience. But those with patience and vision will profit handsomely. The name of the game is to get in on the ground floor when everyone is hollowing. They are still hollowing. I was hearing lots of alarm bells and sirens prior to the earnings report.
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