Yes, this was announced a couple of days ago but it’s important to note that Nokia’s stock has continued to rally on this news.  But, it’s more structural than that.  Sales of the Lumia 920 are so strong that Nokia is finding itself in a modest version of the Apple problem — demand far outstripping supply.  I cannot say, by the way, that I’m surprised.  While i wasn’t writing for this site back in September, I did watch the presentation of the 920 at Nokia World back in September and what I was was the first smart phone I actually was willing to spend real money on.

The 920 is a harbinger of things to come, like the Samsung Galaxy Note and the original iPhone.  It is saying very clearly that in the near future your next computer will be an ultra portable device that will be an extension of your arm.   Not today, and likely not for at least another 3 years but soon, the technology will be there to use your phone as the brain to run your basic home computing needs.  Between NFC, Bluetooth and HDMI is there any reason to have a big, hulking tower (or even mini-tower) hanging around your house?  No.

Once the PC OEM’s get their acts together and build affordable touch-enabled laptops in volume Windows 8 will begin to truly take flight.  It’s already doing well enough and that synergy with what Nokia is doing with the Lumia phones will be a force to be reckoned with.

$3.90 per share is a technical breakout for Nokia’s stock.   There is no chart resistance between here and $5.50.  More good news will cause more short-covering and a blow-off rally could take place.