What makes shorting Nokia ahead of the quarterly reporthazardous right now is that the Windows weakness is widely signaled and understood by investors.
Nowhere is the waste issue more evident than in California, where landmark regulations approved in the 1970s require industrial plants like solar panel makers to report the amount of hazardous materials they produce, and where they send it.
The NAO report earlier this month found that hazardous waste was being stored in "run-down" buildings, and that the cost of decommissioning was spiralling out of control and was behind schedule.