Nokia Corp. (NOK) Message Board

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Technology Stocks : Nokia Corp. (NOK)

NOK 6.910

-3.1%

Oct 31 9:30 AM EST

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To: Eric L who wrote (3369)	5/8/2005 9:28:28 PM
From: sisuman	Read Replies (2) of 9255

Thanks Eric,for your insights regarding the progress of Nokia stock. I track Nokia on askresearch.com charts, a free service. I follow the two year progress using weekly performance charts - the daily are too volatile. The weekly chart shows Nokia's price (16.91) climbing sharply over the past three weeks until it is just below its 200 Exponential Moving Average (17.01). A cross of the 200 EMA next week, with good volume, (significantly greater than 50 million shares) should start it on a month or two path to the next resistance level in the $18 to $18.5 range. The RSI, Stochastic and MFI charts are all positive and trending upward. My only question is: Why are the institutions so reluctant to be buying? - 14.8% ownership is shameful. The last time I checked I believe MOT's institutional ownership was around 60-70%. Sisuman - toooo long on Nokia.

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