Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 201.82

-5.7%

3:59 PM EST

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To: Trader Ric who wrote (2087)	12/14/1997 10:59:00 PM
From: Fenton White	Read Replies (1) of 6317

To all winners and losers. What did JBIL do justify a price runup from $4 to $140 at the split. The directors dumped this stock in July and August at $40. Why did they did not say something. We decided to start shorting the stock because 9 times out of 10 the stock will settle our 25% below the insider sales price. There were 19 insider trades in JULY. Three golden indicators: 1. Does the PE ratio justify the price of the stock? 2. Does the stock sell at over 4 times book? 3. Whe we see large blocks of insider sales we reduce the price 25% as our short floor. JBIL was easy; MU was easy; and now we are in the fight of our life with AOC. Time is on our side and it is only a matter of time. Does the P/E justify the price? Did insiders sell? We will buy to cover $35 to $40. All I have to do is wait. Regards, Fenton

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