NOK fell 13.97% last 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 significant cellphone organizations this kind of as Apple's iPhone and Microsoft's Windows Telephone. Traders and institutions instantly reacted and offered their Nokia shares because they feared the long term of Nokia's smartphones - that was the reason behind the massive drop on its stock price final Friday. NOK broke both the 50-day moving common and 200-day moving typical on final Friday. I feel Nokia stock will drop even a lot more to eight.75 or 9.00 in the next couple of days and rises from there. I recommend getting NOK when it falls under 9.00 - also it is a fairly good dividend stock.
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