JJC:   Knowing when to sell is the hardest part...  That's why I have so many rules and disciplines about selling incrementally... That's the point of this 'Sell Block'...

I'm going to give you a stock that I kind of don't like that much, but you're going to sell it on the way up, rather than just all at once.  You see, when you're up, and knowing when to cut your losses... or, when you've got a great gain... the decision to sell is so fraught with emotion... that I like to take out the emotion...  I give you some objective guidelines to make the selling easier...

You see, even when I have a stock that's flashing a neon sign to get out... it's still selling... we're going to talk about it, and not do it all at once... and that's the subject of tonight's 'Sell Block'...

On Monday, I got one of these... let's just say, "big chinks" in the armor of a stock that I've liked, okay?...

And it made me want to wait until today, because we had an oversold rally, and it's going to continue... to say to you... and this one's painful... it's really painful... 

But I want you to begin selling Nokia (NOK)...

What was the sign telling me that I had to come out here and take a stock that I have liked forever, and tell you to start scaling out of it?  Remember, when I say 'sell' - in this particular instance - I don't want you to dump all your shares...

I think the market's going up for the next four to five days...  This is a great opportunity to get out of things I don't like as much as I used to.  We are in an oversold rally.  They can even last two to three weeks...  So, what you have here is a great opportunity to sell NOK higher in this rally, before the Street figures out what I'm about to tell you...

We're ahead of the curve on this one, and I want you to take advantage of that.

.  .  .  .  .

But I have to put NOK in the 'Sell Block' now, as TXN seems to be telling us that demand just isn't there for their high products...

This is painful for me.  I love Fins...  I think it's a great, great company...

This oversold rally gives you a chance to scale out of NOK, higher than where it is right now.  We'll probably get another week of positive action, and I want you to use it to scale out of NOK...  It's been a huge win for us in Cramerica.  It's up 100%...  100% since I recommended it on April 21st of 2005.   A great long-term gain, and we have stuck with it all the way...  It's up 14% since I said it was a buy over the summer, on July 24th... 

NOK may be the best of breed, in a really horrible sector of telco equipment, and you know it's horrible... but you have to sell it in the face of lower demand, because people are going to discover this...

You got it very early.  People are going to discover this...

In the face of competition also... It's going to be brutal, coming from two different directions...

NOK dominates the low-end... but it's defending its position from a hurting Motorola (MOT) and Ericsson (ERIC) complex, that needs revenue so badly, that I think it's willing to cut prices dramatically just to get share... to get back in the game.

Here's the most difficult one...  It's not happening yet, but it will happen by the end of the year, I believe...

Apple Inc. (AAPL) is hitting them on the high-end with the iPhone...  It's a little too expensive right now, but listen to me...  I think the iPhone story is just getting started, particularly overseas, where they have better distribution than in America...

That means a lot of pain coming for NOK a year from now...

Tech isn't exactly in favor right now, which makes it all the harder to justify owning NOK.  You have to do some selling here...

You want to know the most darning thing?...  The Street is just so darn positive on it... it's too adored.  19 analysts have NOK as a buy or outperform...  4 that are at neutral... and nobody saying sell.

Were they not on the TXN call?  Perhaps...  because it was the semiconductor analysts that were on the TXN call, not these NOK analysts...

And maybe they didn't realize that Apple Inc. (AAPL) signed this historic deal with Microsoft (MSFT) that's going to make it so your cellphone is the only computer you'll need.

There's no one left to upgrade the stock.  I see 19 buys...  I think some of them will become holds or sells...  You've got to get out before that happens.