After losing more than half of its market cap, Nokia fell into extremely oversold territory. Recent reports suggest that Windows-based Nokia Lumia phones are already shaking the smart phone sales. According to the majority of AMZN customers, the Lumia phone feels better than iOS and Android smartphones. I think this alliance could prove to be highly profitable in the long-term.
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charttrader
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Nokia Reports Q2 2012 Results: 9.2B In Net Sales, Operating Loss Nearly Doubles To 1.1B
johnnyjiang
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Followed.
johnnyjiang
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Agreed.
SubZero
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with recent generic market shatter I would wait for more consolidation and selling pressure to ease off, can drop another 10% easy from here
charttrader
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You were perfectly right.
charttrader
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Moody’s cuts Nokia's senior debt rating from Baa2 to Baa3 - one notch above "junk" status - and maintains its negative outlook following the handset maker's unexpected profit warning last week. Nokia responds by pointing out that with a net cash position of €4.9B, its financial position remains strong.