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Does Clearwire's Rally Have Legs?

Anders Bylund
July 27, 2012

Clearwire (Nasdaq: CLWR  ) is on a roll this week. Shares have jumped 20% from Tuesday's closing prices, egged on by positive earnings report from the company itself, as well as from central partner Sprint Nextel (NYSE: S  ) .

On the other hand, this drastic climb simply brought Clearwire back to price levels last seen, oh, ten days ago. The trampoline-like action begs the question: Are the resurgent bulls right about Clearwire's prospects, or should you listen more to the bears?

In the secon