Replies to post #4656 on Nokia Corporation (NOK)

[RickKayne]

A margin account, at least $5000.
Understand stop orders before attempting..IMHO

[~ NT ~]

Just put a trial sell order to see (much above the current PPS, so that it wont execute) - If they have shares to short - They will show you - Else, they will say "not enough shares available right now".

For a ticker as heavily traded as NOK, it should be easy - Almost every broker will have shares IMO.

Be careful while shorting though - You must exercise caution.

With a stock like NOK - You need to play with more $$$ to make any worthwhile gains coz it moves less.

You can short more volatile stocks for better % wins.

[sgardipee]

Going long at the beginning is your best bet IMO. That way you can start slow and learn how the system works before your $5000 dwindles away! I made a grand off NOK in the earlier stages and now am kicking myself for not staying in longer. Oh well, profit is profit! Good luck to you!