Clearwire (CLWR)
We have ridden this stock long and far, but is it time for a pullback? All signs seem to be pointing to yes, but last time this happened, Clearwire just ended up moving even higher. I am going to hold and keep a close eye on this stock. Long-term the ceiling is too high.
Bank of America (BAC)
Long-term this stock is solid and will head much higher, but, in the near term, this week could go long in deciding the direction of Bank of America. RSI is sitting at halfway mark, and the stock itself is sitting right on the fence.
China Tel Group, Inc (CHTL)
It is not too often I focus on stocks under a $1, but there seems to be great opportunity you just have to jump on. For this stock, I won’t necessarily be paying attention to the technicals. Instead, we are going to look at the advantages of this company. Wireless access is quickly becoming the hot topic. As demand is getting more and more distributed, the need for cheap expansion will easily put you ahead of the game. Just look at the recent moves for Clearwire.
According to Tobin Smith, China Tel Group has the incredible advantage of holding 3.5GHz spectrum license in top 29 China cites WITHOUT paying for it… I think that says enough. I would keep this on your watch to see what happens.
