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

To: Brian Lempel who wrote (1313)1/13/1999 11:46:00 AM
From: Grabs  Respond to of 1999
 
Man, I thought any substantive Brazil/Lat Am news would hurt more than this. However, Brazil / Lat AM was only about 8% of 1998 revenues and figures to be even less as a percent of 1998.

It just goes to show that there is a lot of liquidity around to snatch up shares during a panic sell. Look at Yahoo - what a swing.

I closed out my short put ($15 strike) position yesterday, but I don't figure we'll get there before Friday. Perhaps I'll cue up the Feb 15's next. Should be a decent bet seeing that even Brazil devaluing didn't hammer us all that much.

Grabs



To: Brian Lempel who wrote (1313)1/13/1999 11:49:00 AM
From: Paul Shread  Read Replies (1) | Respond to of 1999
 
I gotta tell you, Brian, I was awfully worried this morning and thinking I really wasn't up for another round of this. Apparently nobody else was either. <g> You're right -- if you're a long-term believer in a stock, it's better to be in class during something like this. As far as CELL goes, I'm pleased that we've established a higher trading range, if nothing else.

Paul


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