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Clearwire Shares Recovered Briefly: 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: A day after taking a well-deserved beating, shares of Clearwire (Nasdaq: CLWR  ) surged as much as 12.5% in early trading but couldn't hold the rally and ended up 2.3%.

So what: Bargain shoppers piled in at the open, it seems, only to find their way elsewhere as the broader market struggled to make sense of new employment data. A tech selloff probably didn't help, either, as the Nasdaq fell close to 1% on the day.

Now what: Expect more of this volatility in the days and weeks ahead. At a market cap of roughly $440 million, Clearwire now sits in microcap territory yet still trades more than 6 million shares daily. Big-money buyers and sellers will move the stock to and fro as they jump in and out, eking out gains a point at a time -- right up until the future of this company becomes clear enough for long-term investors to get in. (Pun intended.) Do you agree? Disagree? Weigh in using the comments box below.

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

Fool contributorTim Beyers is a member of theMotley Fool Rule Breakers stock-picking team. He didn’t own shares in any of the companies mentioned in this article at the time of publication. Check out Tim'sportfolio holdings andFoolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.

Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insights makes us better investors. The Motley Fool has adisclosure policy.


Read/Post Comments (1) | 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 August 05, 2011, at 8:59 PM, jopow wrote:

    This is certainly a tug of war among giant institutional bulls and bears, with the bears winning so far. Clearwire management this week really sounded upbeat that they can technologically offer LTE on their network. Management is seeking funding, and it seems that they will find somebody that will infuse cash or an equity stake. The intrinsic value of the spectrum and network infrastructure should be coveted by somebody. None of this would be happening if Sprint had profits and excess capital in the bank. If that were the case, Sprint could merely take over the entire Clearwire network and operate it as it sees fit, with full control. My take is that eventually, somebody will come in to invest in order to participate in the mobile communications business.

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Tim Beyers
TMFMileHigh

Tim Beyers first began writing for the Fool in 2003. Today, he's an analyst for Motley Fool Rule Breakers and Motley Fool Supernova. At Fool.com, he covers disruptive ideas in technology and entertainment, though you'll most often find him writing and talking about the business of comics. Find him online at timbeyers.me or send email to tbeyers@fool.com. For more insights, follow Tim on Google+ and Twitter.

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Related Tickers

12/31/1969 7:00 PM
CLWR.DL $0.00 Down +0.00 +0.00%
Clearwire Corp CAPS Rating: **

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