| To: J.F. Sebastian who wrote (29843) | 6/30/2012 11:28:52 AM | | From: Lahcim Leinad | 1 Recommendation Read Replies (1) of 30077 | | | Weekend peek at NOK charts tells me the downside here has a higher probability than the upside (barring "news" surprises to the upside).
Present expectation at my end is a drop to around $1.75 in the next few weeks, a bit of floundering there, followed by a drop to around $1.50, unless Nokia pulls a magic solution rabbit out of its ass. Below that, no idea. Will see, if/when NOK gets there.
Yes, NOK is massively oversold. But, nobody seems to give a chit and they're selling the carp out of it even when the rest of the market is flying. Ergo, I'd not bank on oversold causing much of a bump, if any.
$2.25 is still the glass ceiling, above that vacuum to $2.38.
All just my never humble opinion, of course.
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In the original post, I mistakenly said $1.25 and $1.38. In this repost I corrected that mistake. Other than that, I would not change one bit of it, today.
Blows my mind you held down to here, knowing what you know. Unreal. |
