More than 11% profit with Nokia
Written by M. Hussein on July 19, 2008 – 6:30 pm
Few days ago, on 15th and 16th June I wrote a post giving you a buy signal at Nokia (NYSE). In the next day the shares spiked up 8,67%, a very nice gain with those 2Q results above the expectatives.
According to that, yesterday my system gave a buy signal to Nokia, off course it is based on a money management way to take profits and cover the other positions. If you are an aggressive investor, you should close the other trade at Nokia and open a long trade - 24,70 is a good price
This was what I said on the last post.
If you really bought Nokia at 24,70, you are making 11,38%, which is truly more than what the annual fix deposit gives us. 
The next thing you have to do is to increase your stop loss to a value below the 50 day Moving Average, something between 26,50 and 25,78. Anyway, you made profit!!!
Motorola (NYSE) shares are also up, but I would only buy them above 7,70!
Tags: Business and Economy, invest, mobile, Motorola, Nokia, shares
Posted in Motorola, News, Nokia, Reviews |
10 Comments to “More than 11% profit with Nokia”
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July 20th, 2008 at 4:59 am
[...] Dotsisx compares high end and low end Nokia Bluetooth headsets, via WOM World Phone Report 2.0 - Nok stock price up 11% add bookmark [...]
July 20th, 2008 at 9:02 pm
The guys of Daily News thought that Nokia stocks were up 11%. In fact that is wrong, the stocks were Friday up more than 8%, but these 11% value refers to the trading signal I gave.
One more thing you can do is close this trade and be satisfied with the gain. I am saying this and I am being a little bit “extremist”, but in the long term the market is bear…bear…bear…
hehe
M.Hussein
I am logged as Meraj Chhaya, sorry for the inconvenience
July 21st, 2008 at 1:29 am
You’re right. I was mistaken. I own a few shares of Nokia stock, and I pay attention to the price pretty much daily. The 11% didn’t seem too far off, so I called it profit. I jumped the gun, so thank you for the comment. I’ll update the post on nseriesus.com.
What is the definition of a trading signal of 11%? Looking at an 18 month chart, I’m seeing support at 24, and resistance at about 27.50. If it breaks on the high side, I’d expect it to go up. Breaking 24 on the way down, and I’d bet it’ll keep dropping.
To be honest, I don’t check out phone sites for investing info, tho… : ) Keep up the great blogging!
July 21st, 2008 at 4:08 pm
Not a problem Matthew, I will get M. Hussein to get back to you on your definition question.
Thanks for the comment
July 21st, 2008 at 5:42 pm
Those 11% were made from the trade signal I gave on these posts, Nokia didn’t made any kind of 11% valuation in one day, but more than 8% in a single day.
http://phonereport.info/2008/07/16/the-long-trade-signal-at-nokia-nok/
http://phonereport.info/2008/07/15/nokia-nok-can-be-a-good-long-trade-tomorrow/
“Looking at an 18 month chart, I’m seeing support at 24, and resistance at about 27.50″
I agree with you, but in this case I looked more to the trading signal of a system I use, witch combines ADX, trending and oscillator indicators!
If you are a trader of short term, I would say that it is better to close the position with that profit for now…and wait for a pullback!
thanks for the comment
M.Hussein
I am logged as Meraj Chhaya, sorry for the inconvenience
July 22nd, 2008 at 3:51 pm
“If you are a trader of short term, I would say that it is better to close the position with that profit for now…and wait for a pullback!”
I told you!!!!
M.Husseins last blog post..Falha de Segurança no Wordpress
July 22nd, 2008 at 4:40 pm
Wow you actually logged in with your name lol. Eish Nokia shares are falling..you’re good
July 23rd, 2008 at 5:20 pm
Heh, I didn’t really consider not using my real name… If you google it, there’s a lot of matthew bennett’s that are into computer security! : )
I sold my Nok shares at 27.20. I was watching it slide and I wanted to sell it earlier, but I wanted to be sure. It doesn’t pay to hope sometimes…
I just read your About page to try to figure out where you guys are… ? The emphasis on investing on this site seems strange to me for some reason. I’d expect some cross over between investing and smartphones, if nothing else just because both are expensive hobbies. I like both, so it certainly doesn’t bother me!
Keep up the good work!
-matthew-
July 23rd, 2008 at 5:36 pm
Investing on this site? Thanks, but are not looking for investors; However, we have a program for advertisers on PhoneReport.
We cover everything about phones, not only smartphones and investing
Thanks for the tip, and the same to you!
July 23rd, 2008 at 5:57 pm
looool. I think Meraj didn’t understand what you were saying Matthew.
The reason we talk about markets and trading is simples:
Meraj loves Mobile Phones and those things
Personaly, I am not any expert on those things
But
I like to trade
I love the markets
I trade CFD’s and Forex
and things like that
So..
as I love markets and Meraj loves tech
We tought on talking about mobile phone companies and their stocks.
The big..big problem is that I don’t like fundamental analysis which could be important because most people here would invest having in mind this is that phone success or release, but in my point of views that doesn0t matter!
All that matters is price!!!!!
I love TA…what can I do..
You did well selling before the gap down, it was flatting. After that I think I made some more than 5 trades at Nokia!
Well..lets see what Nokia has to give us!!!
Reg.!