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More than 11% profit with Nokia

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Few days ago, on 15th and 16th June I wrote a post giving you a buy signal at Nokia (NYSE). In the next day the shares spiked up 8,67%, a very nice gain with those 2Q results above the expectatives.

According to that, yesterday my system gave a buy signal to Nokia, off course it is based on a money management way to take profits and cover the other positions. If you are an aggressive investor, you should close the other trade at Nokia and open a long trade – 24,70 is a good price

This was what I said on the last post.

If you really bought Nokia at 24,70, you are making 11,38%, which is truly more than what the annual fix deposit gives us. :o

The next thing you have to do is to increase your stop loss to a value below the 50 day Moving Average, something between 26,50 and 25,78. Anyway, you made profit!!!

Motorola (NYSE) shares are also up, but I would only buy them above 7,70!

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By , Financial Director and Correspondent on Jul 19th, 2008 GMT +2


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