The story of Calypso Wireless, Inc. (CLYW) is being written in BIG LETTERS right now. CLYW has been an absolute rocket over the past few days. I was correct in my call on CLYW but I had no inkling the stock would run so far, so fast.
My blog summary stated “High risk could mean high reward with this highly speculative stock. The other wild card is timing. The $64,000 questions are “When is CLYW going to take off” and “Is CLYW going to take off.”. You can read my August 25th blog by clicking on the link in this sentence.
Calypso Wireless, the company - According to CLYW’s website, they are the company behind the ASNAP™ technology for which it was granted U.S. Patent #6,680,923 titled “Communication system and method” www.uspto.gov (search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).
According to what I have read, the entire mobile backbone around the globe is built on this technology. The ability to switch access points is crucial to our current ability to “roam” and receive date and voice seamlessly. Again, the story is that CLYW was in such bad financial shape that many cell carriers just used the technology because it appeared that the company would be going out of business. It might be time for them to pay up!
“Fun, (almost) Free and Full of Potential – CLYW”
That was the title of my blog and CLYW has not disappointed. My call was when it was around 2 cents and yesterday it closed at 7.4 cents.…a 270% gain
The amazing chart on CLYW
Is the run over?
With such a strong move, you would expect traders to be taking their profits off the table. I might even take some of mine off. However, reading the boards and any information on this deal I can gives me a feeling that traders are targeting much bigger numbers on this deal. The boards are full of traders dissecting legal documents to determine just how real CLYW’s patent claims are against T-Mobile.
I would suggest that you watch closely what this stock does over the next few days. Will the bullish run continue? I sure hope so, but I could see this pulling back (which might be a good time to get in). Read the boards remembering that much of what you read is crap and watch the chart. CLYW could have farther to run.
My biggest regret
I only bought this in one of my accounts. All I can say is that my oldest son will be going to a better college since I bought shares with his college money.
Good Luck and Great Trading,
Disclosure: Long CLYW
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