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Technology Stocks : Brightpoint - CELL

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To: Paul Shread who wrote (1169)11/18/1998 12:56:00 PM
From: Grabs  Read Replies (1) of 1999
 
Looks like momentum continues. Just was looking at Nasdaq.com and as of October 15th, there were 3.3 million shares short. Could we be seeing some covering today?

The Legg Mason report I mentioned said that the company is continuing to see strong demand in Asia and that it is still in line for more value added contracts. Sr management just returned from Asia which spurred the comments.

PS. My broker just told me that technically, CELL looks great, and just broke through a resistance in the high 13's. Next resistance near 19. I don't do technical analysis myself, but he's usually pretty accurate. Anyone else to TA care to comment?

Go CELL!

-grabs
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