NOK will go UP
$18.00 on 12/26/08
$15.07 (6.20% from time of market call)
You buy NOK because its Nokia, a huge but still expanding dominant firm in the tech industry. Don't tell me Apple is going against Nokia or do any harm to it, Its simply BS. Grim outlook for 2009 as the world cut back spending on new cellphones in the developed world. Right, the developed world, not including the US, which Nokia has a pity share of 10% market share.
The cell phones business in developing countries stay strong, where NOKIA is best at, developing countries. Not for some farmers or barbarians or corn growers in US of A
Remember Stock prices reflect the future, not the present. You will see NOK Don't get me wrong, I wont be surprised to see it reach $15 in the next couple of days. But compared to the rotten, watered "Orange" or "Apple" or "Strawberry", whatever you want to call it, Nokia is still the king of cell phones not the Orange or ... Who cares?