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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Bluestryp who wrote (5010)	5/25/2000 9:44:00 PM
From: t2	Respond to of 34857

Q has broken its 200 DMA, looks like there is support in the 54-55 area... I don't really take technical analysis that seriously---never have. It could be just a good (contrarian) indicator to buy the stock. Might buy some more tomorrow as some may panic due to this TA. I saw Ralph Acampora talking about how Q has to go lower with so much certainty----now that is a bullish indicator, IMHO. There just seems to be too much bearishness on the stock for me to not buy it. My concern rests solely with the negativity surrounding its business--especially Unicom road show. Korea did not help. Hopefully, these are only short term negatives. I think Q needs serious positive developments in the near term and maybe a deal with Nokia (even with favorable terms for NOK) could do it. Actually sort of positive news could result in big gains. Would create enough momentum to flush out the short sellers who use TA as a basis to trade.....resulting a great rally. I just want to position for such a scenario as long as the near term downside is not too great. Maybe TA is useful after all. Thinking short term trade at this point. Not convinced it is a long term holding. I would still keep Nokia (and ERICY) as my larger holdings in wireless. thanks.