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Technology Stocks : NOK at $3.12 or AAPL at $565? Which is a buy? -- Ignore unavailable to you. Want to Upgrade?


To: Lahcim Leinad who wrote (80)5/26/2012 10:50:37 AM
From: sylvester80  Read Replies (1) | Respond to of 163
 
I don't think the euro has found bottom yet. Spain is a lot bigger than Greece and on Friday their biggest province send the SOS. So unless Germany drops its resistance to a eurobond, the chances go up that could see a breakup of the eurozone. Either way, meaning no euro or eurobond, we could still see a much lower eur/usd. So until the fog is lifted on the euro, no new money will be invested in euro stocks, as the euro bears have used Nokia as a double bearish trading vehicle for way too long.

BTW, all of the above will be moot (as far as Nokia, not the euro, is concerned) if Nokia issues more upbeat guidance for Q2 than the one they issued last or that they come out with Q3 guidance that shows profitability.

JMHO... do your DD...



To: Lahcim Leinad who wrote (80)5/29/2012 2:25:25 PM
From: sylvester80  Read Replies (1) | Respond to of 163
 
There is some nice buying going on... the stock may look stuck at $2.92 but the fact that the euro has plunged from 1.255 to 1.246 yet the stock stayed at $2.92, speaks volumes... in the mean time, we need to break above 3.05 with heavy volume... IMO, we will see a massive up day on heavy volume in the next 3-4 weeks...