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Technology Stocks : Brightpoint - CELL -- Ignore unavailable to you. Want to Upgrade?

To: Mahatmabenfoo who wrote (845)	8/24/1998 10:18:00 AM
From: Paul Shread	Respond to of 1999

Charles, Sorry, I typed that message in a hurry on my way out the door. I meant the number was indicative of very bearish sentiment of the market in general, and thus (my interpretation) a sign that we are -- or soon will be at -- a bottom. I think the triple bottom at 1054 on the S&P we hit on Friday could be a very good starting point for a rally. I have no figures on CELL options, but hopefully the triple or quadruple bottom there could be a positive as well, despite the substantial technical damage we suffered on Friday. FYI, 75% of all stocks are now down 20% or more -- this has definitely been a stealth bear market, and I think it's likely that recovery will be slow. Hopefully, all the bad news is now out and built into the market. Paul