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Technology Stocks : Brightpoint - CELL
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To: DD™ who wrote (761)8/12/1998 11:33:00 AM
From: Paul Shread  Read Replies (1) of 1999
 
DD,

I think you meant 348 on the Russell. As I understand it, we came within 1% (394) of violating the Russell's long-term uptrend yesterday (390). A close below 390 would have meant a leg down to 348. We're at 406 now, up 3% off the intraday lows, a pretty nice move in my opinion. A close above 419 would be very bullish, according to the technical analyst I was listening to this morning (Elaine Yeager from Herzog something).

Not a bad day so far, and in a rare on-topic comment, I like the fact that CELL is making higher lows (12 1/2 vs. 11 7/8, I believe). A nice positive for us for once. I've got to say, I'm pretty pleased with a couple of my recent sell decisions too: CLST and AFCI. Whew. Dodged bullets there.

Other than that, I'm ready for this train to head north. Any lower and I'm going to be buying drug stocks.

Paul
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