Friday, September 2, 2011

Bye bye Nokia (for now)

It's hard to take loss. It's even harder to admit that the reasons why you bought some stock were wrong. Well, after a review of our portfolio and couple of weeks of thinking I decided to let go of Nokia. It's too hard to value right now.

I sincerely hope they will succeed in the chosen path, but I think it is better for me to reallocate our money to some other stocks in our portfolio. I don't like to wait for turnarounds especially when the company is facing incresingly tough competition in mobile phones and loosing market share so fast.

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