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Powerwave Technologies Shares Popped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of wireless networking hardware maker Powerwave Technologies (Nasdaq: PWAV  ) are getting a strong signal today, trading as much as 13.6% higher on rather ordinary volume.

So what: Powerwave has no news to support this move, no earnings report, no analyst rating changes, nor even any significant news from its very limited range of direct rivals. It's just one of those inexplicable moves.

Now what: I'm even hesitant to point to some large buyer taking or expanding a position in Powerwave, because the volume is so low and options trading nearly zero today. Maybe the company was mentioned in a positive light on CNBC or Bloomberg TV, but that idea is difficult to confirm or disprove. What you really need to know is that the stock has more than tripled over the last year, but Powerwave's financial statements are far from soothing bedtime reading. Is this stock setting itself up for a fall?

Interested in more info on Powerwave Technologies? Add it to your watchlist.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

Read/Post Comments (3) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 25, 2011, at 3:51 PM, jsbalaban wrote:

    Anders is an absolute moron. Every time he speaks about PWAV, he ferrets out only the negative. Clearly, he must have a short position. The books really aren't bad at all, and PWAV is uniquely positioned to take advantage of major corporate and govt telkom/wireless upgrades and changes. They've trimmed a lot of the fat so to speak and business volume is growing, and based on historical upgrade intervals, those who follow the industry know that companies like AT&T are due for some major capital spending on wireless infrastructure, and that in the past, PWAV has been a big player. So Anders can say what he wants, but it seems to me that every time he comes out with something, he just demonstrates his very limited and simplistic way of thinking as well as his ignorance of the market. Surely Motley Fool can do better.

  • Report this Comment On February 25, 2011, at 4:41 PM, blitheypit wrote:

    Agreed, Anders is a dope. PWAV traded 4.16M shares today which is 114% more than the typical volume of 1.94M shares.

    Anders, take a look at PWAV financials and get a clue. Increasing revenues, costs under control and increasing EPS.

    What is your motivation for posting complete crap?

  • Report this Comment On February 28, 2011, at 11:57 AM, hollyedc wrote:

    It seems that Anders is asking the company to show him the justification for a higher share price. Or he has to substantiate that the balance sheet is mediocre and should not justify the climbing of share price. Could he clarify this or honestly admit that there is a certain bias.

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