That's a reasonable question. I bought a lot but at a low enough price I can write it off without crying. Much. I've lost far more on energy, pharmaceutical and future tech. Thank you, Old Money, for your continued market manipulation and resistance to change! As for Nokia, let me share a little story. I may have shared before; sorry for any redundance. In 2002 I was let go from a great job and walked off with over $2000 from my 401k. I dumped it into an IRA and started considering where to invest. We were all still reeling from the 2000 dotcom bust and it had rippled far, wide and deep into tech stocks of all kinds. Corning glass (GLW) was really beaten down. I saw them at around $1.90 and my interest was piqued. I knew they held significant patents in fiber and exotic glass applications (Gorilla glass, anyone?). I knew the slump would not last forever, and sooner or later fiber to the home was going to happen. So I bought several hundred dollars worth. My gut instinct said to get more but like a good investor I built a balanced portfolio. By 2008 GLW was over $25 and I cashed in about 90% of my holdings. Cha-CHING! Then the market took another dump and my other stocks made up for it. And then some. (The funny part of this story is that my stepfather had 2 million $ to invest in 2003 and I told him to sink a ton into GLW. Of course he ignored me.) Now here's NOK sitting at that same seductive price point. So I look at it objectively and yes, I see some patents, and yes, I see some cool stuff in the pipeline-- but I'm missing that gut feeling that says NOK is the same sleeper now that GLW was then. Too much has changed. And outside of their Nokia Seimens Networks venture, they're at the wrong end of the business. If Nokia's prospects don't improve dramatically by the end of this year, then IMO every long holder-- self included-- is screwed. Period. (PS: I started buying back into GLW at around $8 a share)