Moneymaxxing - bought more of Nokia (NOK) today

[WizardofSoda]

My last sell on Nokia was at $6.00 in July-2021. Then I waited and today bought back in at $4.79.

The $6.00 shares I bought for an average of $4.46 in Jan-Mar 2021. I didn't sell my full position though at $6.00.


But say you bought $10,000 worth at $4.46 = 2,242 shares.

Then you sold the 2,242 shares at $6.00 = $13,452

Then you buy $13,452 at $4.79 = 2,808 shares.


There is another layer in my strategy, since i sold my shares in July-2021, and didn't rebuy until now I got to use the $13,452 in the meantime to do other buys. As it turned out though I was about flat in my portfolio from Jul-2021 until now so this time that didn't actually make a difference.

 

[WizardofSoda]

Note: The Jews will try to shake you out. Last time I bought first at $4.88, then the Jews moved it all the way down to $3.83 and I was still holding. Then at $4.00 I doubled my position almost, bringing my ACB to $4.46.

I saw just huge numbers of guys selling at $4.00 as it looked like the bottom was going to fall out, this went on for what seemed months of big selling.

 

[racoon4]

How many shekels did you earn?

 

[RandomGuy]

The Jews will try to shake you out.

NOK doesn’t make much in profits. Their new phones suk, like cheapo Chinese plastic. Nokia stock does have low short interest percentage and a okay buy rating (2 star). For a cheap stock I like LEVI; quality brand name, better profits, low debt and a better buy rating (3 star).

 

[WizardofSoda]

How many shekels did you earn?

For this one if it goes up really fast I will probably sell a bunch. But most likely its going to be held down or even go lower for awhile, and I'll have to wait like 6 months to a year before it goes up a lot.

 

[WizardofSoda]

NOK doesn’t make much in profits. Their new phones suk, like cheapo Chinese plastic. Nokia stock does have low short interest percentage and a okay buy rating (2 star). For a cheap stock I like LEVI; quality brand name, better profits, low debt and a better buy rating (3 star) than Nokia.

Good one!!.. I like it has next to no net debt.. with the growing global economy I expect companies like Levis to just make more and more money over time.


Going into this Ukraine crisis I had 38% of my portfolio in cash. And so far I have invested 10% worth, of which Nokia is 3% of the portfolio now.

 

[based_meme]

Why Nokia, though?

I'm still waiting on lithium, copper, and other metals to get mined from Afghanistan before going long on chip developers like Intel and TSM.

 

[WizardofSoda]

Why Nokia, though?

I'm still waiting on lithium, copper, and other metals to get mined from Afghanistan before going long on chip developers like Intel and TSM.

I am in Intel too, but I am down on my current buy in price, although still up because I bought and sold it multiple times.

I just know Nokia's finances and business pretty well from studying the stock. So I can see when it is underpriced.

Nokia has an awesome CEO they got in August-2020. And the 5G buildout its going to be a long horizon like 15+ years. So guys were already writing Nokia off when it is like 1-2 years into the 5G cycle.

 

[RandomGuy]

Good one!!.. I like it has next to no net debt.. with the growing global economy I expect companies like Levis to just make more and more money over time.


Going into this Ukraine crisis I had 38% of my portfolio in cash. And so far I have invested 10% worth.

During the first peak of the pandemic one of the Levis family members said that the company could buyout all their major competitors like GAP etc and still remain solvent with no profits for at least five years. Old cash rich company with world brand recognition. If it lowers to $15 I buy sum and sell at $25 later. Another good stock that is affordable: Corning (GLW). I heard Corning is going to do much business with Apple in the future. There was some futuristic hi-tech “Corning“ glass phone patents released, still can’t be confirmed yet. Corning is a great company anyways.

 

[WizardofSoda]

During the first peak of the pandemic one of the Levis family members said that the company could buyout all their major competitors like GAP etc and still remain solvent with no profits for at least five years. Old cash rich company with world brand recognition. If it lowers to $15 I buy sum and sell at $25 later. Another good stock that is affordable: Corning (GLW). I heard Corning is going to do much business with Apple in the future. There was some futuristic hi-tech “Corning“ glass phone patents released, still can’t be confirmed yet. Corning is a great company anyways.

I like when families own a ton of shares and have a lot of board control. As corporate executives and boards who have no big ownership in the company you can't trust them to not sell out the shareholders and go woke or whatever the latest popular fad is.

Ya Levi's has zero risk of going under, and its not that highly valued. And with billions of people in the world over time they will buy more Levis because its an established brand.

Corning if the stock goes down they can just buy more of their own shares with their income.

 

[RandomGuy]

I like when families own a ton of shares and have a lot of board control. As corporate executives and boards who have no big ownership in the company you can't trust them to not sell out the shareholders and go woke or whatever the latest popular fad is.

Ya Levi's has zero risk of going under, and its not that highly valued. And with billions of people in the world over time they will buy more Levis because its an established brand.

Corning if the stock goes down they can just buy more of their own shares with their income.

During the last three months only oil, commodity and military defense related companies are doing good, with few exceptions. Most everything else has been tanking. Locally, home heating cost doubled and breadlines much longer. Glad I have plenty of gold, scary times.

Yes, I like those company buybacks. Warren Buffett just mentioned he’s going to do less of them.

[UWSL]Berkshire Hathaway Inc. Class B[/UWSL]
[UWSL]NYSE: BRK.B[/UWSL]
325.34 USD

 

[WizardofSoda]

During the last three months only oil, commodity and military defense related companies are doing good, with few exceptions. Most everything else has been tanking. Locally, home heating cost doubled and breadlines much longer. Glad I have plenty of gold, scary times.

Yes, I like those company buybacks. Warren Buffett just mentioned he’s going to do less of them.

[UWSL]Berkshire Hathaway Inc. Class B[/UWSL]
[UWSL]NYSE: BRK.B[/UWSL]
325.34 USD

I like Buffet's strategy of having a mountain of cash all the time. I am trying to do that in my own portfolio but sometimes I get too eager.

 

[RandomGuy]

I like Buffet's strategy of having a mountain of cash all the time. I am trying to do that in my own portfolio but sometimes I get too eager.

That happens, it’s impossible to always time these markets. I made the mistake of dollar cost averaging down too much in one stock.
Can’t daytrade if I’m just sitting here bag holding, ugh.

 

[WizardofSoda]

That happens, it’s impossible to always time these markets. I made the mistake of dollar cost averaging down too much in one stock.
Can’t daytrade if I’m just sitting here bag holding, ugh.

Ya its brutal you can buy an undervalued company at $5 and think it can't go lower. Then people can sell it off to $2.50 and it can sit there for a long time, even though nothing has changed.

Or something unexpected can change that changes the value down dramatically. But the opposite can happen too.

 

[lemon21]

Isn't that a lot of risk for not that big of a gain? i can't say much as the only investments i made resulted in failure but i see guys making $700 with $6 but i know is unrealistic to expect that, but making $200 from $100 is not that rare and that's not a lot of risk to bear

 

[WizardofSoda]

Isn't that a lot of risk for not that big of a gain? i can't say much as the only investments i made resulted in failure but i see guys making $700 with $6 but i know is unrealistic to expect that, but making $200 from $100 is not that rare and that's not a lot of risk to bear

Its relative these big companies to go up 30% is a lot but also to go down 30% is a lot. But still it takes huge patience and discipline to have like 30 stocks instead of going all in on a few. And to have patience to wait for good prices when buying and selling. And when some go down I look to see if I want to sell, like has the value of the stock changed, or is it just the market is selling off for no apparent reason.

And that is where a lot of money can be made but also makes it hard, is when a stock is going up more and more people are buying just because its going up and its a popular stock. And then when a stock is going down tons of people are selling and it falls out of favor.

 

[RandomGuy]

Ya its brutal you can buy an undervalued company at $5 and think it can't go lower. Then people can sell it off to $2.50 and it can sit there for a long time, even though nothing has changed.

Or something unexpected can change that changes the value down dramatically. But the opposite can happen too.

Its relative these big companies to go up 30% is a lot but also to go down 30% is a lot. But still it takes huge patience and discipline to have like 30 stocks instead of going all in on a few. And to have patience to wait for good prices when buying and selling. And when some go down I look to see if I want to sell, like has the value of the stock changed, or is it just the market is selling off for no apparent reason.

And that is where a lot of money can be made but also makes it hard, is when a stock is going up more and more people are buying just because its going up and its a popular stock. And then when a stock is going down tons of people are selling and it falls out of favor.

Yes, that’s why it best to hold and not panic. I just accumulate cash fast as I can and buy other stocks on tha dips. Addicting like a video game. Better than any casino in the world.

Right now the euro zone is getting hammered. That should hit the DOW /Nasdaq hard Monday. Putin going after power plants.

Isn't that a lot of risk for not that big of a gain? i can't say much as the only investments i made resulted in failure but i see guys making $700 with $6 but i know is unrealistic to expect that, but making $200 from $100 is not that rare and that's not a lot of risk to bear

I rarely hold stocks long enough to double. More of a momentum /swing trader.. buying stocks on the news, then selling them minutes later :
92-98% success rate. I’ve done 5,000 trades and not lose on one - all profit! The thing is, one wrong miss or a few of them can take all or most accumulated profits very quickly.

 

[WizardofSoda]

Yes, that’s why it best to hold and not panic. I just accumulate cash fast as I can and buy other stocks on tha dips. Addicting like a video game. Better than any casino in the world.

Right now the euro zone is getting hammered. That should hit the DOW /Nasdaq hard Monday. Putin going after power plants.



I rarely hold stocks long enough to double. More of a momentum /swing trader.. buying stocks on the news, then selling them minutes later :
92-98% success rate. I’ve done 5,000 trades and not lose on one - all profit! The thing is, one wrong miss or a few of them can take all or most accumulated profits very quickly.

Nice something I learned is that there is no best style on stocks. Some guys are short sellers, some options, some long holds for long runs on buys, others short holds like swing trading, others momentum traders, and probably other strategies out there.