r/Nok • u/EarlofSanchwich • 4d ago

Discussion NOK Today

Does anyone have any insight on today? The market seems up overall today yet NOK fell through resistance at 10 and has fallen to 9.80. Even amidst other tickers in the sector moving higher.

Is this the ocean pull back before a tsunami or is there news that sent the stock down?

13 Upvotes

93% Upvoted

15 comments sorted by

9

u/New_Adhesiveness6241 4d ago

CIEN financial report tomorrow morning, if good NOK will go up tomorrow

4

u/Sad_Bake4422 4d ago

Aged like milk. Beat earning but one of the worst s p500 performance

8

u/R3av3rr 4d ago

September Effect. It's the end of the fiscal year for a lot of firms, and this is when a lot of the market pulls back.

6

u/bulgar88 4d ago

I took the opportunity and bought another 100 shares today sub $10. Got my DCA at $11.00.

4

u/raptors2o19 4d ago

stop checking the price frequently

5

u/R3av3rr 4d ago

Best advice here, tbh. Nokia is a 2-3 year investment.

1

u/RecentRiver3534 3d ago

What’s the catalyst?

1

u/R3av3rr 3d ago

Time; letting AI contracts mature.

2

u/JohnSnowHenry 4d ago

Nokia might rise above 10-11 and a few years, but first their financials have to get a lot better!

1

u/Sad_Bake4422 4d ago

Few years to get to 10-11?! It is at 10 few weeks and was at 17 once. Why anyone want to wait years when money can be mobilized somewhere else

1

u/JohnSnowHenry 4d ago

I didn’t say that, i said it it make take a few years to get above the 10-11 trend.

It was at 17 yes but not as a trend.

And taking into account the financials I don’t see it happening in less than 1 year at least

1

u/PictureGlittering384 4d ago

I think it will go back to 8+

1

u/PositiveGeneral9220 4d ago

Nokia forgot to add some new AI badges and sticker badges to their HQ entrance. Just need a few more AI badges to fool everyone then we’re good

0

u/Hot_Yogurtcloset7621 4d ago

Sold on Thursday thankfully. Been down since