MKM Says 'Aggressively' Load Up on Nokia Shorts Following Rally

MKM Partners' Micahel Genovese told investors to use strong performance in Nokia

over the last two trading sessions to "aggressively" load up on shorts. Genovese believes Nokia's

given on Thursday morning demonstrate a loss of market share in the Windows Phone ecosystem. The analyst believes this trend will continue. MKM maintains a Sell rating and $2.50 price target on shares of Nokia.