Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 218.31

+4.4%

2:26 PM EST

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To: OldAIMGuy who wrote (6139)	11/21/2002 3:18:05 AM
From: Asymmetric	Read Replies (1) of 6317

Tom, You Made a Great Call. I'd be remiss if I didn't point out that you (and your indicators) made a great call. Looks like the longs are trying to panic the shorts. From October's data, the short interest was at a historic high, so there's lots of fuel there if the institutions can continue to gun the market. Unfortunately, short covering is only a short-term phenomenon. I am hedged both ways, so as/if the market continues to rise, (which futures and Nikkei indicates it will tomorrow), I will continue to scale out of my longs and may add to my shorts. One stock I shorted yesterday (at 13.90) that should stage a spectacular collapse will be Brooks Automation. Their earnings report tonight was a complete disaster. Good luck to all. Peter.

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