Brightpoint - CELL Message Board

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Technology Stocks : Brightpoint - CELL

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To: Grabs who wrote (1598)	4/29/1999 7:45:00 PM
From: Ken W	Read Replies (3) of 1999

Grabs, Are you completely discounting the Airtouch 3 year contract? It appears that folks focus on the -.02 which was already built in to the price at 6 or so, then, there was the "buy the rumor sell the news" deal with Airtouch, however there was not that much of a sell off on the news. So, now we focus on one paragraph and a small number, forgetting the general rule that most downside risk is built in a long time ago. Frankly, I think that at this point, CELL will become one of those great trading stocks that roll from support to resistance. Nice predictable, money making. Sure there will be the "oh ma gods" that sell in the morning. I hope they take the thing down to 5 again. That is were the roll will start.. 5 to 6, 5 to 6. I'll hold the shares I bought at 7 1/4 and within 6 months they will be absolutley free. JMO...but I've made a mint this way and will continue to do so. Lurking for the next 6 months. Ken

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