Don’t try to catch the Nokia knife as it falls…and falls

Don’t try to catch a bottom in Nokia. Nokia at $4.50 is probably a lot like RIMM was at $45. Just multiply Nokia’s stock price by 10 every time you’re tempted to buy it. Or go look at a Lucent chart. That’s probably Nokia’s future. The company warned that sales and profits suck and will continue to suck for a long time. But the CEO is sticking with his Lumia/Windows phones:

“Within our Smart Devices business unit, we have established early momentum with [the Lumia brand of mobile phones using Windows software] and we are increasing our investments in Lumia to achieve market success,” the CEO said.

But did you see this headline about Nokia today too?

Nokia Offers Lumia 900 Exchange, Credits as Problem Surfaces

Stay away from losers like Nokia. Stick with winners like Apple and Google.

And don’t forget that we’ve got our 2pm EST weekly Q&A session coming up at