Brightpoint - CELL Message Board

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Technology Stocks : Brightpoint - CELL

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To: Brian Lempel who wrote (1313)	1/13/1999 11:46:00 AM
From: Grabs	of 1999

Man, I thought any substantive Brazil/Lat Am news would hurt more than this. However, Brazil / Lat AM was only about 8% of 1998 revenues and figures to be even less as a percent of 1998. It just goes to show that there is a lot of liquidity around to snatch up shares during a panic sell. Look at Yahoo - what a swing. I closed out my short put ($15 strike) position yesterday, but I don't figure we'll get there before Friday. Perhaps I'll cue up the Feb 15's next. Should be a decent bet seeing that even Brazil devaluing didn't hammer us all that much. Grabs

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