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Technology Stocks : Jabil Circuit (JBL)
JBL 201.800.0%Nov 14 9:30 AM EST

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To: OldAIMGuy who wrote (5199)6/18/1999 8:19:00 AM
From: oilbabe  Read Replies (1) of 6317
 
Who sold all those shares? Well, some were probably traders who saw SLR the day before and tried to buy in for a quick pop, some who follow the technical rules about stocks that gap down on big volume
(they are usually toast for a LONG time...MCK, CD, SEG). Also some money managers with big blocks of stock who don't want to be holding right now. Remember June 30 is approaching, and managers don't have the luxury of time that we do. Anyway, just my thoughts about sales. I anticipate we will drift within one or two points of here, maybe hitting 45 on a market sell-off, so I will be keeping some $$ on the sidelines, but not taking a position here seems extremely shortsighted. It will be interesting to see if any insiders pony up here...
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