Buying Nokia when US based funds undervalue it and selling it when US based funds overvalue it has been solid nice investment strategy. Many small time finnish investors have made decent amount of extra income just by exploiting the fact that american analysts don't seem understand global telecoms market at all.

Best thing is that US investors tend to be allways clueless about Nokia. Guaranteed to overhype Nokia during upswings and dumping it way too low when it's down.

Personally, I'm thinking of placing part of my non-impressive savings on Nokia again. The stock is so undervalued now. Even if Nokia was to lose whole smartphone market, everything else (Nokia Siemens Networks, intellectual property, dumbphones, third world marketshare, brand, etc etc) would be worth more than the current market cap.