Not sure why my post was not all included, so here it goes...

I am no expert on this technical stuff, I only dabble in it, so I have some thoughts and question on the Gap up this Thursday when NOK and ALU delivered their quarterly earnings.

1.- This Gap up fills the Gap down that occurred this past April 30th in the wake of the ALU acquisition announcement.  

2.- So my question is:  if my take is correct and barring a market slide:  Are the chances of this Gap up NOT to be filled greatly diminished because of point 1?  Any thought would be appreciated.

3.- If point 1 is somewhat accurate, this sets solid support at these levels.  I believe NOK can rise to $9+ in 2016, it all depends on Nokia's management executing well of course. My long term price target continues to be $14 within three and a half years. It is somewhat conservative, but we all know the markets have a tendency to get in the way of individual stocks even if their fundamentals are strong.

4.- NOK will also be affected by the China slow down eventually, probably by first or second quarter 2016, however, a successful integration of ALU should eventually provide it with enhanced gross margins and scale to procure more contracts.  G4/LTE deployment-maintenance et al is not going to end suddenly, it continues throughout the world. The IP division from ALU should also offset any weakness in the wireless sector. I continue to believe that the NOK-ALU merger has greatly enhance the investment thesis that I had when I initially bought ALU (pre-merger announcement).  It should become a very strong and very competitive player with tons of opportunities, at current prices it is greatly undervalued.

5.- G5 is still several years away, however, the cycle should be a bounty for NOK, ERIC and Huawei.  It should start gathering steam around late 2017.

6.- The announcement this Thursday by NOK on its intent to pay a ~2% yearly dividend, pay down debt to the tune of $3B, establish a 2 year $1.5B share repurchase program and pay a onetime special $0.10 dividend in 2016 sends a strong message of financial confidence to the market. It should attract very strong hands into the stock which should begin to alleviate the volatility and enhance the chances of share appreciation in the long term.