This post was just published on ZYX Buy Change Alert.
NOK has cut its dividend to give it more time to execute a turnaround. The stock is falling on the news. The fall is a buying opportunity.
What To Do Now?
Those in the stock may continue to hold but not add at this time due to the overall overbought market conditions.
Those not in the stock and are aggressive may initiate a small tranche of the order of 10% in the zone of $3.85 to $4.15. As of this writing the stock is trading at $4.09
This is a speculative stock. Please be sure to follow trade management guidelines for speculative stocks.
Those who are conservative may not enter this position at this time.