I am wondering about investors who may follow his opportunistic advice. 1- This first thing comes to mind is his honesty. The market has been down in past two days and he sees an opportunity to prevent PWAV from rebounding with the market. 2- His timing is obvious. Why now? 3- He claims he is a former employee of PWAV (probably fired employee of PWAV). Right, has he acted the same if he got his job at PWAV?
PWAV is in its way to recover like many other stock and ninetyjoe or hundred Joes can not prevent it.
Yes, we tend to hear from him whenever the stock backs up a little. NinetyJoe obviously has an ax to grind with Powerwave. The company is improving and he won't be able to hold down the price with his comments like Powerwave being a sub $500 million dollar company. They probably have exceeded that in revenue year-to-date already.
my advice is simply my opinion, take it or leave it but I am not posting completely untruthful statements like yourself. "$500 million dollar company. They have probably exceeded that in revenue year-to-date already" So you think they have gone up from $150 in Q1 to $350 in Q2 with a couple of weeks to spare? They themselves would not forecast and advised of historical 5 to 10 % growth. I post in response to the bulls*it and lies that get posted.