Nokia shares have gone on a heck of a run recently, as the CEO and other board members purchased more than 1 million shares in a show of confidence. While it's nice to know management is in the same boat as shareholders, that doesn't do a lot of good if the ship in sinking. Unfortunately, this is a pretty transparent attempt to prop up investor confidence, and it doesn't mean shares are a compelling buy today. Austin cautions investors against following management down this money pit.
The best bet in this space still lies with the company that's burying Nokia: Apple. However, with the impending release of the iPhone 5 and Apple TV on the horizon, the stakes have never been higher for the company. If you're looking for a recommendation on how to play Apple along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell Apple. To get started, just click here now.
