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Nokia Corporation Message Board

  • bananas500 bananas500 Jul 24, 2013 2:59 PM Flag

    Around the $4 level

    It looks like the trading range is 4ish for now. Not a whole lot of movement one way or the other.

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    • Why is this???? Could it be that WS is able to scare enough short term traders into selling Nokia cheap! This gives the shorts a chance to cover. Every time Nokia starts to rally, the big guys can sell some of the float to drop the price down on low volume. One day soon it will stop working and the short traders will be squeezed to grease...forced to sell into a rising share price. Short squeeze will come soon enough...hope Nokia can hit the 10MM mark in Q3. That should light the fuse. (In the mean time Apple will continue to rise on hot air.)

      Sentiment: Hold

    • Technicals are showing consolidation at the $4 range, which is a good sign after last earnings. Implies a build in confidence on fundamentals.

      As long as it's consolidating at the cup's handle, and does not keep dropping, that increases the likelihood of a break out.

      • 1 Reply to inmitersaw
      • The cup, the cup, always the cup...
        I was a bigger fan
        of the rounding bottom,
        because, well, who doesn't like a nice rounding bottom?
        But the cup...

        Is it half empty?
        Is it half full?
        Or is it broken?

        Before you get too excited
        about the 'cup and handle' formation,
        'zoom out' a bit and tell me what you see...

        Personally, I think the interesting thing
        comes by flipping
        the AAPL 2 year chart
        upside down...
        like one of those weird optical illusions
        where the haggard old babushka
        becomes divotchka again
        you suddenly are looking at
        the NOK 2 year chart
        A sign, me brothers

    • Wow, you're right. Thanks for pointing that out.

 
NOK
7.64-0.22(-2.80%)Mar 26 4:06 PMEDT