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07 March 2009 @ 06:25 am
I bought NOK for $8.60 yesterday (2009-03-06).
Maxhobober on March 7th, 2009 12:29 pm (UTC)
What is NOK? :)
Dennis Gorelikdennisgorelik on March 7th, 2009 06:46 pm (UTC)
NOK is Nokia's stock.
It's pretty cheap recently.
I bought it in the past for ~$17/share and sold in the past for about $20/share.
Yesterday I bought it again for $8.60/share.

What cell phone do you use?
I use Nokia.
Maxhobober on March 8th, 2009 04:55 am (UTC)
My phone:

Nokia E61i
Dennis Gorelikdennisgorelik on March 8th, 2009 02:45 pm (UTC)
So, I owe piece of company that produced your cell phone.
Maxhobober on March 9th, 2009 03:05 pm (UTC)
My master? :))
Dennis Gorelikdennisgorelik on March 9th, 2009 03:13 pm (UTC)
[Partial] Master of your cell phone
Clean and soberanspa on March 7th, 2009 03:13 pm (UTC)
Sorry to hear that.
Dennis Gorelikdennisgorelik on March 7th, 2009 06:49 pm (UTC)
It would probably go down a little bit more, but not too much.
Anyway, it's impossible to guess the bottom exactly.

When would you recommend to buy? (Or for what price)?
Clean and soberanspa on March 7th, 2009 07:08 pm (UTC)
There is seasonal fluctuations as well. From my past experience, most stock that I bought would have top price at early March, and bottom in October. And if there is no other big events for the company, it probably goes like that adding to general trend. I stick with the rule that if no other facts known about the company to speculate on that and the economy (election year, war, politics etc), then it should be bought sometime around fall, sold in spring. But that's me.

Re bottom - bottom is unknown, too scary at the moment. Nothing was seen like this in 30 years, in the era of electronic trading. I would be bearish right now. More good things need to happen or at least start happening to turn market around.
Dennis Gorelikdennisgorelik on March 7th, 2009 11:56 pm (UTC)
Yes, I've heard that last ~10-20 years on average stocks grow fall->spring and don't grow spring->fall.

But past performance doesn't guarantee future results.

I agree, that there are not too much of good signs yet. Democrats still keep Congress, Senate, and President branches (and spend like crazy).
But my hope is that in 2010 we would get Republican Congress (which would mean power gridlock), which would be good.

But the most important part is that stock I bought (NOK) is unusually cheap (even in comparison with the rest of the market), but belong to the company with strong earnings.
P/E is below 7 (!).

+ this is international stock, so local US problems shouldn't affect NOK price that much.

My another candidate to purchase is GOOG.
I'm pretty sure that GOOG would be significantly more expensive in a few years.
On the other hand I hope to buy GOOG significantly cheaper in a month or two.
Now GOOG share cost > $300.
I hope to buy it for ~$250.

Do you think it would be a mistake?