Anyone knows the reason? Drop of 4.5% in 3 trading days....
Looks like forced margin selling--unrelated to anything Nokia specific--i.e. a hedge fund blowing up.
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Dead company - no future.
Sentiment: Strong Sell
If you were at a double up and watching this Washington bs you would just take your profits and move on. I see this compounding the next two days for all stocks.
I suppose Friday will be a green Dow ending as that has been happening for the past 2 Fridays though....People expect miracles during weekend.
Last shake out of weak hands.
Sentiment: Strong Buy
Sounds legit to you and sydneylocks, the stock price is fast recovering back to post-market open levels.
shorts just ran the stops
I expect it's God's work. Compliments of G-S.
market drop 800.00 point , what are you talking about? relax..
That is not the point....If this were the case, you will notice a systematic selldown across all telecoms stocks and Networks stocks but no....it's only Nokia...I'm curious.
$600 miilion charge (if that's the case) warrants a billion drop in market cap?
Gimme a break.
That's chump change.