You can always tell who knows whats up and those who dont know a thing and dont give a crap. Patroller, I give you my true respect by the extensive research that you have on the company and the industry. Just from the research and the secondary resources picked up from Jabil employees, there is ABSOLUTELY no way that this company will fail. On the other hand, Fenton was right on this stock, but not the company. But didnt most companies had dropped from their highs since August? COMS, ASND, CS, QNTM, WDC, INTC, DELL, AMAT....... But did they stopped running or slowed down???
The company can become a 10 billion dollar company, but the stock can stay still and not move at all, thanks to the price fixing power of MMs.
My chart (using Ney's charting techniques of course) convinced me that the stock has reached almost the bottom, if not the absolute bottom. Looking at the intraday charts, its very clearly that MMs sharply drop the stock (within 30 minutes or less) to minimize public selling. Most volume comes at the BOTTOM, not during the slide. Same thing happened on the day and the day before the last earnings announcement. Not to mention the 100k block, which signifies a short covering activity by MMs. (Dont tell me that it could be a fund manager dumping their holdings at 30 dollars. They arent that dumb to sell at the lows)
In the last two months, most techs were slaughtered. In my suggestion, buy them. Even if the Asian Currencies crisis still exist, they will one day recover. So buy when people dont want them, and you will ride them up in the coming soon bull market. The techs are by design made to NOT meet the Wall Street estimates. If you had look at the reports, they all had increased revenues and earnings, but only missed by a few cents, by default. Earnings should have been trimmed on ALL companies that has foreign exposure prior to the report, and NOT to be reported as bad when the earnings come out. Wall Street use such techniques to convince ignornant people that companies are slowing down and recession and blah blah blah. Keep your faith in the US entrepreneurial companies.
One day, we, either who shorted JBIL and made money and the longs who also made money, will go skiing together. I ll be the tour organizer. Okay? |
