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


To: JohnG who wrote (9045)1/30/2001 10:24:30 AM
From: foundation  Respond to of 34857
 
Institutions appear to be defending NOK's Price today.
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They have no choice - institutions are holding a ton of NOK in their coffers.

The last thing the Funds want is a profound drop in one of their major holdings - especially at month's end. If it drops precipitously, NOK isn't a low float stock they can easily puff up before the closing bell on Wednesday.

Funds need good end of month reports to market for $$ inflows next month. They've perfected the pyramid scheme. <g>