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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (30035)11/18/1999 3:05:00 PM
From: Bryan  Read Replies (1) of 108040
 
&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbsp&nbspRecap on CLST
CLST 10 5/16
CellStar has been holding in a tight range today. Volume suggests accumulation is taking place before the next wave up. Stan's analysis yesterday held true, so support would appear now at 9 3/16 on a dip.
"CLST, break over the trigger line at 9 3/16 is clearly established. Any hold over that point keeps the bullish nature of the pattern intact."
Message 11969942
At just over $10, CLST presents a very low risk play.
Suggest an entry point as close to $10 as possible and a stop-loss exit if CLST closes below critical support at 9 3/16.
Keep in mind that short interest in CLST is 10% of float.

CellStar is a global company focused on providing
distribution and value-added services to wireless carriers
and manufacturers in direct relationships.
For the nine months ended 8/31/99, revenues rose 22% to $1.65 billion. Net income rose 34% to $44.6 million.

*Branch operations in CHINA
*Great valuation ratios
*PROFITABLE ---hello? P R O F I T A B L E
*Undervalued compared to others in its sector.
*BULLISH C&H breakout on the charts

Message 11968885

Really now, you should look into CLST.

B
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