Discussion in 'Technical Analysis' started by ARogueTrader, Mar 22, 2004.

  1. If you happen to believe tech is a good value longer term, you have to love the chance to buy your favorite companies during Wall Street Sales Events like the one they are currently running, you know marking prices down daily to encourage you to buy.

    I like NOK as a company, I can't wait until Iraq is democracized so that every man, woman, child, and camel in Iraq has a cell phone.

    (I saw a woman riding in the passenger seat of some big old SUV the other day, and she was holding the cell phone up to the mouth of her poodle trying to get it to bark....what a society we live in).

    Anyway, here is a chart of NOK, which looks to want to fill the big gap.

    Target around 18 to start to begin to accumulate NOK for a longer term move back up.


    p.s. When I have a target to begin to buy, this doesn't mean I won't buy right now. I am of the opinion that if I buy within 10% of what I think is going to be a bottom, I will do that as long as I think the money on the upside will justify the risk of not being "perfect" on the entry.
  2. Totally agree. I'm with you. Also bought some Eurex calls today on NOA3. :)