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Technology Stocks : Jabil Circuit (JBL)
JBL 215.14-1.4%3:59 PM EST
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To: OldAIMGuy who wrote (6012)4/23/2002 4:21:08 PM
From: Asymmetric  Read Replies (1) of 6317
 
Hi Tom,

Ugly close to an ugly day. Combination of
weak forward guidance among a wide array of
companies besides just tech, with exception
of homebuilders, and Middle East unrest,
creates pretty discouraging environment to
most putting any money to work here.

I guess the question is with the Nasdaq
down now 5 days in a row, are we still in
a trading range and ready for a bounce,
or have we broken out of trading band to
a new downward trend? The pessimism is
pretty thick out there, so my bet that we
are still in a trading range may be off.
If wrong, I'll take my lumps and loss -
after all, preservation of capital is still
the name of the game.

Regards, Peter.
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