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.