Sunday, June 10, 2012
I have been watching Nokia fall from $20+ per share to under $3 a share. Thursday I decided to pull the trigger at $2.86 per share. Unlike RIMM, I think Nokia is a viable competitor with Apple and Samsung. Their new phone (Lumina) is getting decent reviews, they have cash, patents and still a decent market share. I am not putting them in my "dividend" portfolio right now, though I may reconsider if they continue to pay a dividend (they paid a 26 cent dividend in May, which is over 7% for a $3 stock). My gamble paid off immediately as the stock jumped 6% on Friday... I will also say I bought enough shares to care about.
Otherwise, my portfolio continues to trundle along effectively. I was traveling at the end of the week, so I have not updated everything but everything is pretty good for now.
More later this week!