Well, the relative cheapness at least remains/grows in relation to the US peer group, and if nothing else, CEO Hotard resonates confidence for the future as well. Surprisingly few shares changed hands in the closing auction relative to the total daily volume, right? No real strong hands came underneath? Who knows, maybe there’s already whispering in the air on Wall Street about downward revisions to target prices? There could certainly still be major strategic moves (M&A) ahead; by all logic, there should be a use for Nokia’s portfolio. Major support levels are approaching (around €7.5).
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