Shorts Squeeze Nokia To The New High List

wochit technology
October 29, 2013 AT 6:46 PM
Another short squeeze in Nokia following the announcement of its 3rd quarter 2013 earnings call on October 29th pushed the stock to a 52 week high. The stock is up 189% over the last year. While current results weren't anything to write home about, Nokia will soon be a cash rich company in an excellent position to create a new future for itself. It will also be able to build on its strong patent portfolio and collect another very high margin income stream from that resource.