NEW YORK ( TheStreet) -- As an investor, there comes a point when you have to make a crucial choice: Do I sell this dog or do I average down?Lots of people ridicule the notion of averaging down as a fool's game. In some instances it is. However, like anything else, with head firmly attached to neck, it can make sense.
Even though NOK belongs in a class with the likes of Research in Motion (RIMM), it can, in some respects, provide a nice comparison with INTC. By a similar token, you can use INTC and AMD comparatively.
In the long term, I don't think I am wrong on Nokia. What we're seeing now is a company fight for survival during a tense period of transition. Nokia's market share and revenues continue to plummet. It should come as no surprise that investors continue to decimate the stock. I have a contrarian view on Nokia. I consider this weakness, as painful as it is, temporary. Because Nokia has, in contrast to RIM, made many of the correct and difficult decisions, I believe it will come out of this period relatively strong. But, being contrarian does not mean you have to be a stubborn fool. We're trying to invest for our futures not play a gain of macho right or wrong.