Forget $4, try $3 for Nokia
Got three dollars and some change, then you have enough to buy a single share in Nokia (NOK).
Just last week we talked up Nokia now a $4 Stock, turns out it can get much cheaper. After pissing of the Street today Nokia dropped hit a new 52-week low of $3.79. NOK closed at $3.82 and as feared it continues to be a falling knife investment. At some point this stock has to bounce however we are unsure where that might be, dare we say $3.50? We stated Nokia could be the Comeback Kid of 2012 -- stress on the "could".
Today's bad news from Nokia was Apple's (AAPL) iPhone is killing them as their total handset shipments fell by 24% from the same period last year. Nokia sold more than 2 million units of its Lumia smartphone during the quarter, its first line based on the Windows Phone mobile operating system from Microsoft Corp. (MSFT). Not bad right?
Sorry Nokia, Apple is expected to report unit sales of more than 30 million for the iPhone for the same period when it reports its results next week.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Real Reason Why The Netherlands Repatriated Its Gold | ZeroHedge
- Guest Post: Why Monetizing Debt Could End In Revolutions | ZeroHedge
- Russian Crew Boards 1st Mistral Carrier As France Quietly Completes Construction Of 2nd Ship | ZeroHedge
- The Massively Crowded 'Long-USD, Short-Treasuries' Trade Just Got Crowded-er | ZeroHedge
- STTG Market Recap November 20, 2014 | FundMyMutualFund
- The U.S. Shale Breakeven Price Debate | Financial Sense
- The Tragedy Of Propping Up The Matrix Of Lies | ZeroHedge
The most relevant financial news and articles from the Internets
- Germany's Ifo business confidence index rises in... | Business Insider
- World Cup Sponsors Are Coming Out And Criticizing FIFA... | Business Insider
- KRUGMAN: 'Angry Billionaires' Like Paul Singer Are Just Wrong... | Business Insider
- Palantir, the War on Terror's Secret Weapon | BusinessWeek
- This Is 'The Most Hated Man In The World' | Business Insider
- Africa's Armies Are Going On A Spending Spree | Business Insider
- Here Are 50 Stocks Hedge Funds Are Shorting Like Crazy | Business Insider