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Technology Stocks : PWAV- the hot new IPO

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From: paulk	12/16/2011 1:21:23 PM
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Powerwave missed their Q3 2011 estimates by a big margin, they knew it was coming I suspect, that was the need for a 1 for 5 split. The common only found out about the miss during the CC. The stock tanked and has kept falling to the 09 levels. The $1.50 price as of 12/16/11 is equivalent to the old pre-split price of .30 cents. Question now is can this co pick itself up out of the gutter? And what will it take. They’re selling buildings to raise money and downsizing to save some. If the miss was a onetime event then this could be a fabulous trade at these levels. On the other hand if there is deeper trouble in the sale dept. then you don’t want to go near this. Q4 cc and guidance going forward will be important come the new year

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