Replies to post #482 on Powerwave Tech Inc fka PWAVQ

[Smilin_B]

I predict PWAV (over the next several sessions), heads to .10+

Im actually suprised it's not getting bid up in the ah session

It ended the day at .06 with over 300,000 shares trading there, so someone loaded HUGE

In after hrs, there was 72,000 shares on the .06 bid until 5:10pm est

I'm actually expecting some after hours buyers to show up this evening.

Most of these Chap 11 stocks end up basing on day 2-3 followed by very nice reversals on day 3,4 and 5

Most of them more than double, especially when they get delisted down to a lower exchange.

[Smilin_B]

Remember, the key here is to not be in too large a position.

Not everything goes straight up.

There may be some pain involved and you may have to protect yourself with tight stops (ie: .04/share or so).

Chapter 11 stocks are extremely risky.

I've been trading them for years, and most tank terribly while listed on their major exchange only to bounce nice on the otcbb or pinks.

Protect yourself accordingly and again, use tight stops and dont look back.