Zacks’ Voice of the People Highlights user rjm77me: “NOK Is Oversold” from the People & Picks community.
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NOK Is Oversold
Nokia (NOK) is selling at $10.75 and is oversold — it is as if company is going bankrupt. It may better for Hewlett Packard (HPQ) to buy Nokia at these levels, or someone else.
It still earns some income every quarter.
One of the reason of oversold can be the Europe market being in a down-trend. Other stocks are ING Group (ING) and Banco Santander (STD).
It can stay at these levels for a long time. I will be willing to buy and hold some for 55 days leading to earnings.
Please do your own home work.
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