FinancialNirvana.com

Alvarion (Nasdaq: ALVR), in a press release reported that they received a $7 Million order from a major Latin American Operator. The order could reach all the way upto $15 Million. Alvarion, won’t take of until WIMAX takes off, so the stock is still ways away from breaking out. However, the downside from this point is minimal.

After, Jim Cramer highlighted the stock in his Mad Money show, Alvarion went up 15% the next day. The move was based on speculation on WIMAX and the stock slowly and surely came back down. Today, we finally see some upside based on real news. This is a stock worth keeping an eye on and scooping up at the right time.