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Technology Stocks : NOK... without the BS
NOK 6.775-3.6%Nov 13 3:59 PM EST

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To: Lahcim Leinad who wrote (2)8/6/2012 3:12:34 PM
From: sense  Read Replies (1) of 580
 
I don't see much to quibble about in Goldman's view of the NOK outlook...

I'm not sold on the inevitability of the success of their new product launches... and it appears to me both that the market has already factored in the inevitability of that success... and that they've been sold a load of crap in the fluffing of the numbers in the last Q...

Pair that with the obviously manipulative games being played in the market with bogus buyout rumors... with "noise" about insider buying... that looks to me far more like a transfer of ownership enabled through accelerated gifting in options... and a chart that shows a less than spectacular technical correction based on the breaking of the pinch ?

As a pinch chart play... I'd take profits on the trade...

As an investment... I'm still looking for reasons that the 6 year monthly chart isn't what I should be focused on.

What I note there is a VERY consistent pattern showing year long plateaus... followed by step declines occurring in April, May and June each year following... which is exactly what we just saw occur... again...

Welcome to the new NOK, just like the old NOK... but a year older and 50% lower...
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