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Author Topic: MWAV alert - reports higher earnings
hamagasi
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MWAV announced higher Q1 earnings on Thursday (see link below). CEO stated that revenues and earnigns for the rest of the year will be INCREASED. Due to all this, MWAV has started increasing in price, and closed higher at $1.14.
Doesn't hurt to watch for continued uptrend this week. It might just repeat previous runs to $1.78.
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hamagasi
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sorry here's the link to the Qi results. Also check out the charts, and compare previous runs to current trends, and you will see what I mean when I say that MWAV may be breaking out.
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hamagasi
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oops, forgot the link to Q1 earnings again, here it is:

http://biz.yahoo.com/iw/050505/086146.html
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subbywrx
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Looks like it may run back up close to $2. After
hours trading jumped this baby up an extra .07 on
a volume of 7,700 to $1.21.

So I think the more volume this one gets, the
better chances we have at seeing it hit $2 - $2.50
range.

--------------------
-SUBBYWRX-
Key to success -> Buy low sell high. Don't chase!
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hamagasi
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Well everything is positive on this stock:

a) Q1 earnings were just reported as higher.
b) CEO stated that earnings for rest of the year will be higher (statement from PR below)
c) stock has a low float and moves easily, and in fact has started to move

This may very well be a major turnaround point for this company.

CEO's statement:
"M-Wave will report both increased revenues and earnings for the entire year," stated Jim Mayer, M-Wave's CEO"
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virtualace2000
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MWAV looks good, might buy some if it moves.
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