Entering text into the input field will update the search result below

Nokia, time to take some profit

Apr. 18, 2011 1:12 PM ETNOK
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Seeking Alpha Analyst Since 2010

We can see how NOK shares are trading in the 8´s since mid-February.

NOK short term

On May 25th NOK will pay a dividend of EUR 0.40 per share, about USD 0.569, that is a 6.8% of NOK share price (now 8.37 -3.35%). Not too bad!

Ex-dividend date is May 4th.


In my opinion NOK shares are not going to fall under 7.9, I see very solid upward possibilities analyzing the fundamentals.
Check the long term graph to see the support levels...

NOK long term

For cautious investors I suggest buying the shares and also June 2011 - 13 - Put for 5.20 to limit down risk until the ex-div date.

Source: Nokia.com, stockcharts.com, optionsxpress.com

Disclosure: I am long NOK.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.