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Technology Stocks : NOK... without the BS
NOK 6.815-4.7%2:44 PM EST

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To: AreWeThereYet who wrote (406)9/6/2012 3:36:19 PM
From: sense  Read Replies (1) of 580
 
I think the market manipulation generating the blatant fraud on the charts this week in shifting the 60MA... blunted the worst of what the trade would look like, if there were an actual free market function occurring, instead of flagrant chart manipulation...

NOK grossly violated the MA's... and the charts were cooked to lie about that...

I think NOK would be trading below $2 already if it weren't for the market fraud that's driving the trade...

However, there is already a downward bias cooked into the moving averages over the next three weeks, leading into the period when the focus will shift from leaks about the products, to the numbers probable in the Q, pending release of their next financials...

The ability to continue cooking the NOK chart... has some limits... and those limits are defined in part (barring some new NITEmare type "incident" in the trade being generated) by the volume in the trade on 1 August...

So, for purely technical reasons... I think the trade we're seeing right now probably can't be sustained... without there being an actual REASON showing why it should be sustained...

I find the marketing scam NOK got caught in just now... indicative of the core values you should expect to see reflected in the future... I see that same issue in the "fluffing" of the last Q, the channel stuffing, etc., and probably also in the ongoing manipulation of the charts...

First step in my DD checklist:

1. Can you trust management ?

How many times do you need to have the question answered... before you "get it" ?

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