Sometimes it is better to be lucky than good, and that turned out to be the case once again yesterday after we wrote up Dragonwave (DRWI) with cautious statements due to Clearwire announcing that they would delay taking any financing from Sprint while they investigated the Dish offer. Our comments were admittedly directed at the company possibly being the biggest loser in the cellular takeover saga over a longer period than say one day, but we could see a nice correction here after the company missed on their earnings. These were the same earnings which the company already pre-announced to the downside and yet they were still able to fall short. It only seems fitting and with the company lowering next quarter's numbers too it leaves us wondering if that guidance is worth the paper it is written on. Note to management: When you pre-announce to the downside, you are not EVER supposed to disappoint. How is that even possible?