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Technology Stocks : NOK at $3.12 or AAPL at $565? Which is a buy?
AAPL 270.21+0.4%Nov 4 3:59 PM EST

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To: Lahcim Leinad who wrote (80)5/26/2012 10:50:37 AM
From: sylvester80  Read Replies (1) of 163
 
I don't think the euro has found bottom yet. Spain is a lot bigger than Greece and on Friday their biggest province send the SOS. So unless Germany drops its resistance to a eurobond, the chances go up that could see a breakup of the eurozone. Either way, meaning no euro or eurobond, we could still see a much lower eur/usd. So until the fog is lifted on the euro, no new money will be invested in euro stocks, as the euro bears have used Nokia as a double bearish trading vehicle for way too long.

BTW, all of the above will be moot (as far as Nokia, not the euro, is concerned) if Nokia issues more upbeat guidance for Q2 than the one they issued last or that they come out with Q3 guidance that shows profitability.

JMHO... do your DD...
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