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Sean HymanSean Hyman
Keymaster
Post count: 3401

Nokia is on my watch list. To me, the real picture is on the weekly chart. It looks to have formed a bottom in wave 2, but has had a sizable rally up afterward that I’d like to see it retrace a good bit, if we were to ever get into it.

With that said, if I already owned shares in it, I wouldn’t be selling. I’d be holding on. But in the end, that’s up to you, since its a non-LI position.

Congrats on your gain. Over time, I think you have a chance for more…but near- to medium-term, it could pullback and that pullback could temporarily erase those profits but give you the shot at more later on as the bigger part of wave 3 unfolds.

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