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 technique. I feel Nokia's act is to compete with other major cellphone companies this kind of as Apple's iPhone and Microsoft's Windows Phone. Traders and institutions right away reacted and sold their Nokia shares simply because they feared the long term of Nokia's smartphones - that was the reason ralph lauren shirts behind the huge drop on its stock cost final Friday. NOK broke both the 50-day moving regular and 200-day moving average on final Friday. I believe Nokia stock will drop even far more to 8.75 or 9.00 in the next couple of days and rises from there. I recommend purchasing NOK when it falls beneath 9.00 - also it is a rather good dividend stock.
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