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

To: mauser96 who wrote (858)	8/26/1998 8:51:00 AM
From: Mahatmabenfoo	Read Replies (2) \| Respond to of 1999

> the January effect gets earlier each year, because > everybody is trying to anticipate it. Yes. It may occur in December this year, and then in November the year after that. Eventually, of course, the January effect will occur in January again, but in anticipation of it happening in the following January. This is consistent with the technical charts, which as I read them suggest a double-Manheim dip following a Laffing Curve, or a Jocking-strap, I forget which. The bottom line (or is it bottom curve?) is that for awhile this year enough people thought stock was worth 24 for it to be 24, and now there's only enough for it to be 10. Whatever financial geniuses think is, is, as long as the consensual hallucination that is the stock market remains consensual. Me, I'm walking around with 2 cell phones visibly strapped to my arm -- maybe it'll start a trend, and in this way improve CELL's sales. But neither is a real phone -- they're authentic looking pieces of sell-ringing plastic that I hope to sell as status items. Not only are fake phone less expensive than the real things, the monthly air time charges are zero! However, I am not seeking additional investors at this time. - Charles

To: mauser96 who wrote (858)	8/26/1998 11:15:00 AM
From: Paul Shread	Read Replies (1) \| Respond to of 1999

As always, Lucius, a very thoughtful response. I hope you continue to hang around the thread and chime in from time to time (I think I see you over on CSCO occassionally too). You're absolutely right on this being a large-cap market, and I also agree that it's probably not going to change any time soon. I stopped fighting it this year and put most of my money in large caps, and the stock portion of my portfolio is still up 30% as a result. In fact, CELL is the only small company I still own, for the reasons stated yesterday. I do think that even meeting estimates would probably cause a big jump in this stock; the market seems to be anticipating recession, deflation and negative earnings growth all at once, and that's not going to happen. That said, the problem with a new 52-week low is it's anybody's guess where the bottom is. I disagree that the longer we hang around, the more likely we are to go lower; in fact, I've heard some say the opposite. This seems to be a post-correction workout phase, and as long as 8316-1055-1750 (or even 1715) hold, then the next substantial move will be up. I think we're just forming a bottom here, and it's the time to be looking at what you want to buy, not selling into weakness. I disagree on Japan's effect. I think they've been so second-rate for so long that this may just be a belated acknowledgement of that. What I'd like to see is for the world to stop waiting with baited breath for them to act in a way that won't siphon off resources needed for future growth. The world is just going to have to figure another way out of this, or wait it out. I wish Hong Kong had put some of their intervention money to work cleaning up their domestic economy; it probably would have had the same effect. Will pick up Forbes at lunchtime. Good luck to you too. Paul