Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 201.80

0.0%

Nov 14 9:30 AM EST

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To: patroller who wrote (5168)	6/15/1999 9:54:00 PM
From: Asymmetric	Read Replies (1) of 6317

Can Someone Post Phone Number for Conference Call on earnings? Looked over the option trading for today and buyers of the June 20's and June 22.5's got absolutely nailed big time (500 contracts each strike price)... getting filled at an effective price of 54 3/4. Floor traders and specialists who went short the options by taking other side of the trade made a killing. Haven't touched any of the shares of Jabil in my account for a long time. While this kinda hurts, my view continues to be long-term as is yours. Like everyone else who knows this company, will try to add to my position here, but don't plan on chasing the stock price if it rises past the low 40's. End of quarter window dressing June 30 by institutions, possibility of additional distress sales due to margin calls may keep this thing at bargain levels. Normally stocks that take this kind of a hit bounce due to the quick-buck artists jumping in, then as they scalp their couple of points gain and jump out, the stock loses altitude once again. Time will tell. Keith Dunne must be pretty happy right now. Funny how these things work out sometimes. Good luck to all. Peter.

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