Posts Tagged ‘Business and Economy’
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 | Comments




