Groupon (GRPN:NYSE) Despite the drama concerning the company’s financials, Groupon hasn’t turned into the next Pandora (P:NYSE) IPO bust just yet. Although shares have closed at their lowest point since the offering, today’s down market might have something to do with it. A bounce tomorrow might cause some naked shorts to cover, or some bottom fishers to actually fish.
Clearwire (CLWR:NASDAQ) The day after earnings, shares of CLWR have pulled back. Even more so after the CEO’s mid-day comments.Yesterday we highlighted that Wednesday’s move could have been due to short covering and that the $1.64 gap fill still remains in play. A neutral view might be best on CLWR unless you are a micro scalper or rebate trader.
Clearwire (CLWR:NASDAQ) Shares of Clearwire were up nicely today in anticipation of earnings. In the aftermarket they also remain near where they closed. On the surface CLWR had a decent release. Revenue was up and losses subsided. CLWR also feels they can beat the streets subscriber target of 10 million. But was today’s move higher just short covering before numbers ?
Clearwire (CLWR:NASDAQ) CLWR is just a stock that needs to be mentioned. Not because of it’s performance, but because of it’s cultish following from longs. Recently, CLWR once again staged a rally that gave a sign to some that the trouble was over, and they were out of the woods.
International Business Machines (IBM:NYSE) A revenue miss by IBM is never good for the market. But is this a pause for refresh after the recent market rally ? There seems to be some support in the $170 area, but $167 looks like the line in the sand for current longs. Buy stop orders could be run from there.
Clearwire (CLWR:NASDAQ) We frequently touch on CLWR and have not been fans of the name. Even after the Sprint (S:NYSE) related hype came in. But right now, CLWR has and upside gap to fill at $2.30, and the company does have a cult like following of low priced bottom fishers. Use the $2 level as a gauge for support in case the is a run on stop orders.
Clearwire (CLWR:NASDAQ) We have touched on this low priced name before, and it’s relation to Sprint (S:NYSE). At this point, it would take a major news story to move CLWR. Mainly because there is a downside gap to fill at $2.06. The sidelines are best place to be on this penny stock.
Yahoo (YHOO:NASDAQ) Not so long ago Carol Bartz was deemed the savior of YHOO. Well things change quickly. Bartz failed to unlock the perceived shareholder value in YHOO and shares are not too far from 52 week lows. Watch for potential takeover rumors to develop when a new CEO is announced.
Crowne Ventures (CRWV.PK) CRWV is currently the talk of the penny stock community, and we posted pieces on this speculative name. Remember to watch the technicals on this one even though it seems to be a bit oversold to the naked eye. The 2 and 4 cent levels are guides of where to start.