Selling because it has touch my BE a few times, will buy back waiting for the drop. Needs to be patient... my core for 5G.
Linked trades
1.61% GAIN
Nokia at $5.76
KC5d
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Joshua Simka's avatar
At 15x forward earnings and with analysts expecting full year earnings to rise by about a third, isn't $NOK already pretty inexpensive?
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@kckc4d
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I have been looking at their contracts announcements, 5G network setup / rollout , their partnership announcement for the past 1.5 - 2 years. As a company they are moving step by step towards getting ready for mass usage of 5G. Business wise, i felt they are preparing for the big tilt to 5G in a steadfast manner. So I don't think the current price is expensive. If they are still doing their old business than it's not worth the price. When the price hover 3.5 ish not many retail investors looks, I wouldn't be surprise if many have not heard of the company before. I was not so comfortable with the counter when I first bought it so traded more then, until they consistently gave their progress announcement, I do like what I read. I would like it to get closer to 5 but not too sure if it will get there.
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