The east side
$SPCX lit up, and the west side
$NOK didn’t. Bought a spot lot of Nokia $NOK. Blowing cold wind on the mountaintop, with a drawdown of -23.7%🤡
Nokia $NOK:
Down about 22.2% over the last 15 trading days
Down about 18.7% over the last 5 trading days
Maximum drawdown of 23.7% in the current phase
But year-to-date it’s still up about 56.3%, suggesting the recent drop is more like a valuation pullback after the earlier big rally, and it hasn’t reached the historical undervaluation range yet.
Sector comparison over the same period: ERIC is down about 10.4%, CSCO down 1.6%, CIEN down