Charliss,
The drop in mid-October has to do with the Asian flu in general and the Korean financial problem in particular where Powerwave has 85% of its business. Even though no cancelation from Korea has been announced yet, the perception is some cancelations will happen as witnessed by Qualcomm (QCOM) and Sawtek (SAWS) and the stock dropped big time. The recent rise is attributable to the diversification of this company to new markets in Europe (Nokia, Ericsson (sp?)) and North America (Nortel).
Here we go, I got someone from the scam stock TPRO. Honestly, even though I sound abrasive on the TPRO thread and I know a lot of people are just pi**** at me, I tried to save all these poor souls who constantly invest in penny and dollar stocks from going to financial bankruptcy. The majority of those penny and dollar stocks are just scams. There are better way to make money, you know, and they are all safe. You just need to be a little bit patient, and there is no quick way to get rich.
Mike.
P.S. don't think that I am trying to lure people from other stocks to stocks that I own. Good stocks will rise on its own, bad stocks will drop, there is no need to hype.
P.S.S. Sorry, I bring up this off-topic subject here but please don't start a debate on penny stock vs other stocks here. This thread is sane and I like to keep it that way. Please send me private messages if you want to debate further on this subject. |
