Brightpoint, Inc. (CELL)

Company. Brightpoint is a "global leader in the distribution of wireless voice and data products, and a premier supplier of outsourced services with over 20,000 customers worldwide [serving] manufacturers, carriers and retailers with an extensive suite of solutions that are precisely aligned to meet our customer's goals. (company website)

I must say that it was a whole lot more fun to write these pages last year when I was making profits regularly.

Buy. I bought Brightpoint at the end of March after it appeared to bottom and be on the way back up. Although selling pressure (red -DI line) was still greater than buying pressure (green +DI line), buying pressure was clearly on the way up and there had been nice volume on the big up-day.

For about a week it looked as if I had interpreted the tea leaves right; the buying pressure line crossed over the selling pressure line and CELL was up more than a $1 over my purchase price.

If $1 per share profit is good, then $2 would be even better! I held.

Sell. Since the peak at $16.42, CELL has moved steadily downward. There was a little up-day on April 12th, which I interpreted in the best possible light. Fool! I held on, watching the price in comparison to the previous low of $13.50. This morning the price broke below that level. I put in my sell order.