I'm rather impressed at Nokia for having been able to withstand false 'analysis' this week from Oppenheimer and Pacific Crest, who obviously are either: A) Short on Nokia B) Want to drive the stock price down to buy more shares and sell to the sheep when they give it a 'buy' rating in the 3rd quarter of 2013.
If you look at the general chart pattern for the last week or so, the support levels are getting higher, which is another good *bullish* sign.
Positive news for the company's partnership with China Mobile (the world's largest mobile company - with 700 million customers) is extremely good.
In addition, Nokia's win in court over Apple yesterday, for patent infringement is another positive sign in my opinion. It's surprising how the media is almost turning a blind eye to this case! Kind of like what they do with Obama, and how's he's screwed the American people (that's another story for another discussion).
So to conclude, yes the stock is down today, but I think a lot of it has to do with the general market (lack of leadership in Washington from Obama) being down, as well as some of these negative 'hit' pieces by Oppenheimer and Pacific Crest creating panic amongst less experienced investors.
If you look at the overall big picture by reading the chart left to right, and looking at the news for the last few weeks, Nokia has great upside potential, I recommend going long on this stock!
Although Nokia have not released actual sales numbers, the good news are actual news (patent win, China Mobile deal, Ballmer announcing WP sales up 4X), the negative articles are mostly doubters or channel checks.
Before Q1 earnings release as long as the stock price hold above $3.5 it should be OK.