NOK... without the BS Message Board

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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 (18)	8/8/2012 2:04:25 PM
From: sense	Read Replies (1) of 580

On a weekly chart, NOK holding at/below the top bolly at $2.63... the 60MA just below $3... The move NOK made out of the pinch was "less than inspiring" for the pinch chart genre... which I follow fairly closely. Usually they'll be good for a double, at least, just on the technical correction... If NOK were going to be moving higher than it has because of "fundamental improvements" in their situation... I think we'd see evidence of the improvement, and, it probably would have done that, already... with a parabolic ramp in price and volume on the weekly charts... rather than a meek bouncing off of the top bolly on smaller candles made each week, over the three week rally... What we see instead in the result in NOK now is a stock that is "hovering" near the highs at the top of the bolliesd on declining volume ? I've still not seen anything happening here that's of a useful enough nature to make me overly interested in NOK... It's not close to as good as my other "pinch" plays... so, not interested in trading it... particularly now... Still waiting for a proofs that 1. They've "fixed" anything... and it's reached 2. A market bottom... that will end the pattern in the 50% annual loss in April/May/June each year... I think NOK has the POTENTIAL... they have the "parts"... I'm skeptical they'll ever be able to put them back together...

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