Brightpoint - CELL Message Board

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Technology Stocks : Brightpoint - CELL

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To: Paul Shread who wrote (1439)	3/12/1999 1:37:00 PM
From: jgercke	Read Replies (1) of 1999

Paul, I'm still here. I've been lurking quietly and was taken by surprise like almost everyone else. After adding to my position a bit ago I had to pare down my portfolio, and elected to keep CLST in preference to CELL, thinking it had better short term momentum. My theory was to ride CLST up through its earnings release (a month ahead of CELL), evaluate, and possibly if CELL was lagging harvest some CLST profits and put them back in CELL. That was the plan anyway, and it was sheer luck that I didn't have any CELL when this happened. At the moment don't know what to make of it all. CELL appears to have thrown in the towel for the year, and their "ace in the hole" over CLST (i.e. superior management) is obviously in question. CELL may be worth getting into again, but sometimes these disasters are a bit more durable than just a few days or weeks, so I'm in no hurry. If CLST blows away the quarter next week it may not be very good for CELL. Who knows, still here.... JG

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