Wow!! Shocking!! I am glad the dopes at ML have pulled their collective heads out of their asses and are more focused on fundamentals...
Here is a chart of NOK for the past year....hell of a time to downgrade!
I will call this marking the bottom in the N/T. Any rally to 18-19 however should be sold hard. Very hard as they will be the next MOT.
--The Angry Trader.
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