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Technology Stocks : Nokia (NOK)

NOK 6.835

-1.1%

Nov 7 9:30 AM EST

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To: foundation who wrote (8868)	1/19/2001 8:50:37 AM
From: Puck	Read Replies (3) of 34857

They're a bit late to the party, seeing as how just about every other major investment bank downgraded Nokia after it announced that unit sales for 4Q increased 64%. Morgan Stanley and Goldman Sachs have been great contraindicators for trading Nokia stock during the years I've owned it. Actually I like downgrades when the fundamental of the company are as strong as Nokia's are because in the future the only change in the analysts opinion that can realistically occur is an upgrade. The market doesn't seem to respond to care, as Nokia's stock price is up modestly in Helsinki. Good Luck--

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