I am giving it a few days to see if it goes any lower but this is a big post earnings drop that is not entirely justified because Nokia has somethings going for it. They adjusted their earnings expectations for 2021 and that suddenly scared a lot of people.
Non the less. It has not traded this low since April 27th, as such, an argument can be made that sometime between now and February 2021 (next earnings) it will be trading at least a dollar higher than where it is now. The problem is that you may be tying up some capital waiting for the move.
Non the less. It has not traded this low since April 27th, as such, an argument can be made that sometime between now and February 2021 (next earnings) it will be trading at least a dollar higher than where it is now. The problem is that you may be tying up some capital waiting for the move.
Note
I entered today, 200 shares.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.