nokia...
- Thread starter newguy05
- Start date
Might as well necro a Nokia thread.
Of the 26M shares traded today, 17M have been block trades at around $3.93.
Somebody likes it.
I have never really looked at it before. It actually looks like a decent stock. I doubt it'll move fast, but from a fundy standpoint, it's pretty darn cheap, and the balance sheet looks rock solid. 2.78% dividend to boot.
Finland lol.
One would think something must be up for that many block trades at the ask on a day like today.
The Oct $3.50's are only $0.56. $4.06 doesn't sound like much of a reach, but it actually is since thing moves by pennies/day. That said.... it was $4.34 two weeks ago. That would be a nice 50% +/- return. Oct exp is 80 days out. Either way, I don't see much downside risk on this stock at this level.
$3.93,
Of the 26M shares traded today, 17M have been block trades at around $3.93.
Somebody likes it.
I have never really looked at it before. It actually looks like a decent stock. I doubt it'll move fast, but from a fundy standpoint, it's pretty darn cheap, and the balance sheet looks rock solid. 2.78% dividend to boot.
Finland lol.
One would think something must be up for that many block trades at the ask on a day like today.
The Oct $3.50's are only $0.56. $4.06 doesn't sound like much of a reach, but it actually is since thing moves by pennies/day. That said.... it was $4.34 two weeks ago. That would be a nice 50% +/- return. Oct exp is 80 days out. Either way, I don't see much downside risk on this stock at this level.
$3.93,