Tuesday, May 01, 2007

 

Position Updates: CLWR

For the record, I regret the day I decided to buy CLWR. However, maybe the bottom is in. Probably not.

15:01
CLWR Clearwire FCC Approves First WiMAX-Class Laptop Card to Be Offered by Clearwire (18.72 +0.79)

Comments:
No bottom in sight. You should just buy the Interactive Brokers IPO that comes to market Friday to get your lost money back. Raised range to $27-$31 and upped the shares offered to 34.5m (9% of company)
 
Yeah, I need to do some more DD, but I'm interested in the Interactive Brokers IPO too.
 
newequity, even though I think you're a douchebag, I agree that the IB IPO is interesting. I am looking to trade the stock actively, it should be nutz, float is 5 million shares.
 
CLWR should move up a little, but the negative pressure is frustrating. Nice price+volume action today.

How about a play on TRAD leading up before Interactive Brokers IPO?
 
CLWR looks to be going lower. Very risky buying an equity that has only been around for a couple months.
 
I'm still a bit wary on CLWR, but I'm definitely keeping my eye on it. Last time I checked, Crag McCaw knew the score.
 
He bankrupted Nextlink/XO Communications. He dumped off a bunch of his own and Bill Gates dough in a failed satellite venture. He sold McCaw Cellular way too soon to AT&T so he got much less for it than it was worth.

McCaw is way over-rated.
 
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