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.
MF (NYSE) MF Global situation is a mess and hopefully if doesn’t drag down the broader averages for more than a day. It boggles my mind that Corzine is in this situation. Shares are still halted, but when it re-opens zombie penny stock plays will almost surely be attracted to it. Look for MF to regularly be one of the most active pink sheets stocks on it’s delisted from the NYSE.