RANGELY I The Rangely boys’ varsity basketball team lost Saturday’s home conference game against Cedaredge by a score of 58-50. The Panthers started slow but outscored the Bruins 16-9 in the second quarter to carry a 24-22 lead into halftime. Rangely and Cedaredge traded shots for much of the third quarter before the Bruins jumped out to a 10 point lead entering the fourth quarter. That lead proved to be the Panthers demise as they…