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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

04/08/16 at 9:59 AM CDT

 

 

READ: 3

RPLY: 1

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Sentiment:

Neutral

Reply to:

MSG`#3550,`04/08/16
By Jester Debunker

 

Re: OT - NOK

Maybe she lives inside a bubble?  When you are a hammer ...

Re NOK, it has been beaten down to this level on reverse insanity, IMO.  I have modestly accumulated additional shares in the sub 6 level, plan to continue adding at those levels, I do plan to hold these until the 7s at least. 

I remain unconcerned about the short to mid-term moves in NOK.  I continue to firmly believe there is unlocked value.  Sorry to be so repetitive, but that is how I see it.

From a chart point of view, yesterday it set a 52 week low, however, the important thing is that it held the low it set back on August 24th last year, so, today’s bounce on heavy volume is encouraging.  Hopefully this technical bounce has real follow through, if not, it will be back in the sub 6 level again soon.

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