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Technology Stocks : Brightpoint - CELL

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To: Grabs who wrote (1470)3/16/1999 11:34:00 PM
From: Ken W   of 1999
 
Grabs,

I don't own this stock, but noticed that it was a pick on #daytraders today. They are quite good and are calling for a short squeeze due to the recent parabolic fall of this stock from the 12th of the month. The short position as of Feb. 8th report is large compared to the float thus the shorts have approx. 4 trading days at average vol. to cover. I would suspect that roughly half of that has been covered by now, but the volume etc. of today should cause a panic of the rest, thus a sudden and volatile move to the up side to fill the gap created by the recent sell off.

Ken W
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