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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (37241)	3/15/2001 7:51:03 AM
From: IQBAL LATIF	Read Replies (2) of 50167

The first of the upside surprises one's we have been pounding the table here.. Upside surprise by who else but NOK.. now lets see who keep his shorts..on NOK..why the futures are up, because instead of profit warning NOK came with year on year earnings target of.. <<Nokia streaked ahead, up 11 percent after it cut sales growth forecasts for the first quarter to 20 percent from 25-30 percent, but kept its first quarter year-on-year earnings per share target of a flat 0.19 euros. After Nokia's peer Ericsson shocked markets with a profit warning on Monday, speculation was rife that the Finnish firm would be next. ``Nokia has not really given any new news here. I think this stock is going to roar this afternoon as everyone went so short based on the prospect that a warning was coming but this is just an inventory slowdown,'' said one London trader. ``The market has already factored in the implications that the global mobile phone market was slowing. It is a positive statement from the view that everyone was expecting so much worse. Expect a lot of short covering,'' he added.>> These are the kind of things we are talking about, the creation of upside surprises.. I see a potential move of MSFT soon..............

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