nokia...

Discussion in 'Stocks' started by newguy05, Feb 11, 2011.

  1. LOL :D
     
  2. vanzandt

    vanzandt

    Might as well necro a Nokia thread.

    Of the 26M shares traded today, 17M have been block trades at around $3.93.
    Somebody likes it.

    I have never really looked at it before. It actually looks like a decent stock. I doubt it'll move fast, but from a fundy standpoint, it's pretty darn cheap, and the balance sheet looks rock solid. 2.78% dividend to boot.

    Finland lol.

    One would think something must be up for that many block trades at the ask on a day like today.
    The Oct $3.50's are only $0.56. $4.06 doesn't sound like much of a reach, but it actually is since thing moves by pennies/day. That said.... it was $4.34 two weeks ago. That would be a nice 50% +/- return. Oct exp is 80 days out. Either way, I don't see much downside risk on this stock at this level.
    $3.93, :thumbsup: