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
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.
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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.
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