NOK, Nokia update

The usual then – Jan 10, 2013 – and now charts;

nok jan 10 2013NOK sept 3 2013

Nokia has entered the anticipated range that we indicated eight months ago. If you bought at $3 you will almost have doubled your money. If you bought at a lower level you would most certainly have done so. The stock gapped up today on the news of the sale of one of its products, if that is the word. It will probable try to inch higher in the next few days. Again the bird-in-the-hand-etc. adage applies. Suffice it here to say that the “normal” retracement level is near the top of the triangle.