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Technology Stocks : Jabil Circuit (JBL)
JBL 213.73-0.6%Nov 7 3:59 PM EST

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To: OldAIMGuy who wrote (5725)12/19/2000 2:58:25 PM
From: Steven Dopp  Read Replies (1) of 6317
 
I'm an NAIC SSG type of investor. I don't have my SSG handy but I've been following the ECM sector for awhile and always like JBL due to its strong historical growth and clean balance sheet. I was hoping for a lower entry price but have never seen it. I thought I'd buy today, taking a gamble that the Fed would give us a nice Christmas present, and this evening's JBL quarterly report will be positive in light of the SLR release.

Unlike my normal course of investing, I have placed a tight stop limit on this stock as I find its current p/e ratio higher than I generally like to pay for a stock. I may be a short-term trader on this one if my stop hits (hopefully not). If it doesn't hit, I expect to be in the stock for awhile.

I know this approach is counter to the long-term buy-and-hold approach of NAIC, but that is where I am at on this stock.
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