DragonWave Update

Dragonwave shares have fallen to their lowest for a while on their recent quarterly statement. Its a shame as the statement was fairly upbeat, but investors are rightly worried as cash in the bank has fallen and revenue while stabilizing is not showing the massive growth everyone expected. My take on this is that they are at the bottom, and things are looking up. At $1.60 they represent a good high risk bet. The CEO announced several new customers including a "Tier 1" US infrastructure company, likely Sprint. As Buffet has said, when all looks bad is the time to strike so I bought more shares. But they are not for the faint of heart.