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Technology Stocks : Nokia Corp. (NOK)

NOK 6.900

-3.2%

Oct 31 3:59 PM EST

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From: Eric L	9/7/2012 7:32:53 PM
	2 Recommendations of 9255

The WP8 Lumias Launch Event's Market Impact on NOK and NOK1V ... NOK and NOK1V initially took an extremely large share price hit on 1½ trading days of huge volume following the conclusion of Wednesdays NYC event although the share price recovery in August from it's July €1.33/$1.63 multi-year low was most certainly unjustified and based on unrealistic expectations. Sanity and rationality have prevailed and Nokia's share price on both exchanges has recovered significantly in the last trading day and a half from the walloping it initially took. In Helsinki NOK1V common closed the week today at €2.06 up from yesterday's €1.93 close. Later today NOK ADSs closed the week on NYSE at $2.64, slightly lower (-6.7%) than its $2.83 Tuesday close on the eve of the event, and down from its week ago close of $2.82, but it was up 7.32% for the day. All's right with the world. - Eric -

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