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
- August Retail Sales Rose Broadly | Financial Sense
- U.S. Targets Islamic State's Lucrative Oil Smuggling Operations | ZeroHedge
- Minimum-Wage Blowback; The De-Humanization Of Fast-Food Has Begun | ZeroHedge
- Bond Yields Slide As Core CPI Weakest In Over 4 Years | ZeroHedge
- Global Fragmentation: Crying Wolf Again? | ZeroHedge
- How Does the Stock Market Perform During Rate Hikes? | Financial Sense
- What's The "Best" Way To Make A 10% Return? | ZeroHedge
The most relevant financial news and articles from the Internets
- The Yankees And Rays Played The Longest Baseball Game Ever On Monday Night | Business Insider
- Sean Connery Is Mysteriously Absent From The... | Business Insider
- 14 Classic Business Books You Can Download For Under $5 | Business Insider
- DOW CLIMBS, NASDAQ SINKS: Here's What You Need To Know (DIA, SPY, QQQ, TLT, BABA,... | Business Insider
- Leaders pledge powers in final push before Scottish vote | Business Insider
- Facebook Is Hiding Important Information From Investors (FB) | Business Insider
- Suze Orman, Debit-Card Dealer | BusinessWeek