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Technology Stocks : Brightpoint - CELL

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To: Brian Lempel who wrote (228)12/20/1997 6:51:00 PM
From: David G.  Read Replies (1) of 1999
 
Brian,

On a more serious note, from what I understand, Brightpoint routinely meets with the analysts who follow CELL. Based on block trades of recent and consensus recommendations, analysts are following their own recommendations - strong buy, buy, buy.

There is a good chance of a Oct 27 repeat on the Dow on Monday which means the following IMO: 1) Monday may be the last time before earnings to take advantage of a large market weakness to pick up strong solid individual stocks like CELL at a market red tag sale. Keep in mind it's not investor sentiment discounting the price... it's the market weakness -- use it to your advantage. 2) Orders will take forever to execute, if you are even lucky enough to get an order placed. The smart money have already placed their orders this weekend. You may consider doing the same. 3) As we saw on Friday, the already massacred NASDAQ index may fair well this time around -- blue chips may flee for safety in small caps like CELL -- a quick rebound in NASDAQ will probably come sooner than the Dow so we may not see as much of a red tag sale on the NASDAQ.

Buy,
David
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