NOK fell 13.97% final Friday to 9.36 due to its alliance with Microsoft. Nokia announced that its smartphones will use the Microsoft's cellphone operating program. I believe Nokia's act is to compete with other major cellphone companies such as Apple's iPhone and Microsoft's Windows Telephone. Traders and institutions instantly reacted and offered their Nokia shares since they feared the long term of Nokia's smartphones - that was the explanation behind the ralph laure canada massive drop on its stock price tag final Friday. NOK broke the two the 50-day moving average and 200-day moving average on final Friday. I feel Nokia stock will drop even much more to eight.75 or 9.00 in the following number of days and rises from there. I propose purchasing NOK when it falls beneath 9.00 - also it is a quite excellent dividend stock.
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