CLEARWIRE CORP (CLWR)

[momotrader]

Started a large position yesterday

In yesterday 1.43. Added again today 1.49.

Im purely a technical trader. This one looks to have an absolutely great chart setup here for a short term pop. Good short interest as well. Sprint issues to Clearwise seem priced in at this point and debt issues discussion probably held off until December which give us a window to trade it here.

Nice consolodation back to the 8ema. So far textbook intraday after yesterdays pop. Currently 1.54 and red for the day. However, we will break above 1.57 later this morning and likely close near new highs (1.65-1.7) by eod. At least thats my bet.

Good luck all,
Bula