Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.195

-1.3%

3:59 PM EST

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To: maxgo who wrote (7481)	10/10/2000 12:23:20 PM
From: Robert New	of 34857

Support was broken on the shares at the $37 level today on decent volume. There is very little support until the $26 area so basically we are in a free fall. (Don't think we'll see that level but in this market who knows.) I think its more important to focus on the broad market of which I feel we need some type of capitulation before gaining some traction. I also believe that we have been in a bear market in the techs over the past 6 months. The way some of the techs have reacted to bad news has been incredible...e.g. AAPL, XLNX, and ALTR today on downgrades...et.al. Stocks are being taken out and shot on bad news whereas good news is given little notice in most cases. I'd hold off on putting new $$$ to work until a bottom in the techs can be assessed.

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