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Powerwave Technologies Inc. Message Board

  • iti_opp iti_opp Jul 14, 2000 10:14 AM Flag

    Help! I thought PWAV reported that

    they should have higher than expected earnings the next few quarters and 3G was going to start sooner than expected. What is going on?

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    • Chase H & Q and U.S. Bancorp Piper downgraded
      PWAV and like sheep investors follow. These analysts
      few weeks ago downgraded entire B to B sector and now
      B to B is the greatest thing in the world. SSB
      downgraded entire Chip sector and there was a quick
      sell-off. Serious DD is more important than ever in this
      market. Once you identify a good investment based on your
      DD, then you hold it as long as your reasons to buy
      it are still valid, or may be add to your position
      to average down your basis. One good question here
      is: Why these guys did not downgrade PWAV before the
      earnings came out? Their decision could not possibly be
      based upon earnings report. Good luck!

    • This is market manipulation + panic selling. The
      fundamentals of PWAV haven't changed. Remember- it took only
      two sessions for it to go up 15 points. That wasn't
      merely dumb expectation, but the way PWAV goes up when
      it's time.

    • Check out the money flow. It has yet to go below
      the line today. The price has bottomed out and now is
      headed higher, and the money was POSITIVE the whole
      time.

      Anyone selling has just gotten ripped off. I ended up
      getting 900 more shares, half at the bottom. I'm riding
      this one till it can't be rode no more.

      happy
      investing.

 
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