***Friday's NOK Profit Taking Could Continue Monday***
IMHO, On Monday, I think that remaining day traders (who did not sell on Friday), who bought NOK shares 5%+ lower, will let go of there shares at bid prices, taking a profit, in early trading. This will cause the price to drop as they unload their shares at the bid prices. I think this will occur for a couple of hours before NOK hits bottom and longs/investors begin buying on the dip. It happens every time there is a big increase in the stock price in a short amount of time.
I agree. I think that those remaining "short-term" traders, who didn't sell their shares on Friday, will sell at the "bid" price to "cash in" in early trading Monday. Pull-back buyers will be holding off buying anticipating a dip.