PWAV - Sector: Technology---Industry: Communications Equipment

[b40588]

I am up 68 percent in three weeks on this stock.Is anyone familiar with it, your thoughts on it? Thanks Neil

[setravis]

Earnings Announcements for Monday, May 4,2009
Powerwave Technologies PWAV -0.06 After Market

Powerwave Technologies Earnings Conference Call (Q1 2009)
http://biz.yahoo.com/cc/0/102750.html


Neil, chart looks well and it will be helped with better then expected earnings.
I would not sell till the quarterly report.
Looking at the chart it has rallied off a bottom in the past few weeks.
Buying on the dip under a level it hasn't seen for some time.

Volume: 584,685
Avg Vol (3m): 1,510,190

Technicals
Percentage Gainer

Last Price Quote is:
27.16%above 13-day MA
46.31%above 50-day MA
RS Rating: 89 

Fundamentals
Key Data:
Market Cap (M): $91.06 
P/E Ratio: 23.36 
PEG Ratio: -2.48 
Next Earnings: 05/11/2009
Last Analyst Rating: Neutral


Below are the 6 month and a 1 year chart.......
Good luck with your trade Neil !

[b40588]

Thank you for your analysis of this stock.  Neil

[setravis]

Just may move over that $1.00 after all...
I believe a serious gap up breakout coming very soon.
Huge Gap to fill between 95c and $1.75
Look at SCON, up 300% in a month. CNXT up 150%. All filled their gap.
PWAV has a history of shooting way up.
PWAV, with a market cap of $112 million, is still no where near its potential.


52wk Range: 0.22 - 5.30
Volume: 3,670,928
Avg Vol (3m): 1,509,380

Technicals
Last Price Quote is:
28.49%above 13-day MA
56.40%above 50-day MA
RS Rating: 91 

Fundamentals
Earnings Expected on May 4

Key Data:
Market Cap (M): $92.38 
P/E Ratio: 23.36 
PEG Ratio: -2.92 
Next Earnings: 05/04/2009
Last Analyst Rating: Neutral

[setravis]

And I didn't even mention the chart pattern...

Falling Wedge (Reversal) Pattern

The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.

The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

As with rising wedges, the falling wedge can be one of the most difficult chart patterns to accurately recognize and trade. When lower highs and lower lows form, as in a falling wedge, a security remains in a downtrend. The falling wedge is designed to spot a decrease in downside momentum and alert technicians to a potential trend reversal. Even though selling pressure may be diminishing, demand does not win out until resistance is broken. As with most patterns, it is important to wait for a breakout and combine other aspects of technical analysis to confirm signals.

From stocks charts the classic example.......

Neil I hope all this helps you out. I'm high on it...I bought it!!

[b40588]

Well thats really saying something when you bought some yourself. I am hanging on to my full position going into earnings report on Monday May 4th in the afternoon.Thanks so much for the charts I am learning alot. Good luck to us! I will check back in on Monday or Tuesday to chat aout how we are doing.  Neil

[setravis]

So, lets look at PWAV
earnings - expectation was 6 cents loss on 161.76 in rev
Company reported 4 cent loss ( after 3 cents adjustment for 1 time gain ) on 149.7 mil in revs.

That is HUGE because , looks like if the revenues were in line than PWAV would have been very close to breakeven in real terms.

Looking forward- market is expecting 169.7 for quarter and 3 cents in loss. Analyst will readjust that to 159.7 in rev with 1 cent loss, again that is huge improvement.

Looking at the full year , a 165 mil in Q3 and 185 in Q4 can lead to a 5 cents profit versus a huge 2 cents loss and as for 2010 , I expect analyst to move that 11 cents up to 19 cents ( very conservative valuation )

Based on the above valuations and current state of the market, PWAV should be trading at over $2 in the next 4 weeks.

As for the other 2 drivers, company has a viable business model due to explosion in wireless, product and customer mix and access to over 100 mil in cash in this type of difficult economic environment.

Last but not least is growth potential and that will come in form of massive investments in LTE- Wimax across all markets and accelerated gains in China, India, middle east regions.

PWAV will be a $1 billion in revenue and over $1 billion in market cap by Q4 2010.

[b40588]

Hello Setravis   I just got done listening to the PWAV  CC.I read your evaluation of the information,it looks very encouraging.Are you still holding the stock?I am , and I hope we do well with this. Thanks again  Neil

[setravis]

Well thats really saying something when you bought some yourself. I am hanging on to my full position going into earnings report on Monday May 4th in the afternoon.Thanks so much for the charts I am learning alot. Good luck to us! I will check back in on Monday or Tuesday to chat aout how we are doing.  Neil

There she blows Neil....   
Outstanding volume and a great pop!
If history proves to be right, then those willing to hold shares over the weekend will be rewarded again on Monday.
Major breakthrough today and build a higher base from here.
The $2.00 level is now in sight.

52wk Range: 0.22 - 5.30
Volume: 10,898,900
Avg Vol (3m): 1,655,140

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
53.28%above 13-day MA
91.91%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $108.22 
P/E Ratio: 23.36 
PEG Ratio: 2.64 
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral

[b40588]

Wow,what a day yesterday. I see that  the stock seemed to plummet last year in October from about 2.25 down to .95. I wonder if it will go back up in the same manner without much resistance.  Neil

[b40588]

Thanks Setravis for your help and charts for PWAV. Neil

[setravis]

updated chart look...
consolidation to make that next move up...

[setravis]

consolidation to make that next move up...

Bouncing of the 13-day MA,I say let's bust the 200-day MA and fill the gap !

52wk Range: 0.22 - 5.30
Volume: 2,617,379
Avg Vol (3m): 2,040,530

Technicals
Last Price Quote is:
14.59%above 13-day MA
55.35%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $178.17 
P/E Ratio: 23.36 
PEG Ratio: 4.87952 
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral

[setravis]

let's do it ! 

[setravis]

consolidation to make that next move up...

Bouncing of the 13-day MA,I say let's bust the 200-day MA and fill the gap !

Friday big finish on high volume very bullish.
Momentum is on PWAVs side.
Has been tightly coiled for a month or so with a slight ascending triangle and blue skies here.
Technicals look bullish.
Is well undervalued at current prices compared to the others.
If they show any hint of stablizing or growing sales we could see a real rocket move.

Price  Support  Pivot Point  Resistance  
1.62     1.41         1.57           1.73  

52wk Range: 0.22 - 5.30
Volume: 3,387,994
Avg Vol (3m): 2,086,660

Technicals
Last Price Quote is:
15.38%above 13-day MA
53.66%above 50-day MA
RS Rating: 98  

Fundamentals
Key Data:
Market Cap (M): $213.80  
P/E Ratio: 23.36  
PEG Ratio: 5.85542  
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral

Can't get any better than this...
http://quote.barchart.com/texpert.asp?sym=pwav