Tuesday, June 19, 2007

Powerwave Technologies (PWAV)

What a great looking chart, I wouldn't want to be short! But there apparently are a lot of people who are looking for it to go lower, maybe they know something? I'm just going by the chart, if this stock can trade above 6.80, I think those shorts are gonna get roasted!! Set an alert or maybe buy calls?

Here's a description of their business from Google Finance

Powerwave Technologies, Inc. (Powerwave) is a global supplier of end-to-end wireless solutions for wireless communications networks. The Company’s business consists of the design, manufacture and marketing and sale of products to improve coverage, capacity and data speed in wireless communications networks, including antennas, boosters, combiners, filters, radio frequency power amplifiers, repeaters, tower-mounted amplifiers and coverage solutions. These products are utilized in wireless networks throughout the world, which support voice and data communications by use of cell phones and other wireless communication devices. Powerwave sells such products to both original equipment manufacturers, who incorporate its products into their base stations and directly to individual wireless network operators for deployment into their existing networks. During the year ended December 31, 2006, its largest customer was Nokia, who accounted for approximately 21% of its net sales.