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Technology Stocks : Jabil Circuit (JBL)
JBL 228.15+1.2%Dec 9 3:59 PM EST
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To: BenYeung who wrote (3545)4/9/1998 10:54:00 AM
From: OldAIMGuy   of 6317
 
Hi BY, I assume there's already plenty of momentum players that have already left after losing at "musical chairs." JBIL probably looks like dead money to them for now. Time-Value would prohibit most from hanging on.

There's probably another complete tier of people that bought too high and are now riding out the storm. Since we're months and months away from tax selling, these folks probably will endure quite a bit of pain for a long time before they exit.

Next are the bargain hunters (myself included) who bought shares when the price fell in late Dec., early Jan. The short termers are already history (with the recent run to $50) and the long termers (again myself included) are probably accumulating more shares during this period of uncertainty and weakness. I'd love to purchase even more shares - at the right price! Long term business potential is still great, from all appearances.

A quote from a book I read said, "The reason people don't make more money in their investment is that they set their goals too low! Why settle for a short term gain of 20% if the stock is eventually going to return $10 or $20 or even $100 for every $1 invested?" I think this is as contrary a thought as one can find on Silicon Investor!

I'm neither a prophet or genius CPA, but I do enjoy observing the "group psychology" here on SI. Should JBIL's price not recover by Sept. the tax sellers will start to nibble at it. Chanced are that's when we'll see the "people leave in anger."

Best regards, Tom
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