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Technology Stocks : Jabil Circuit (JBL)
JBL 243.91+0.1%Jan 29 3:59 PM EST

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To: prakash who wrote (2698)2/9/1998 3:51:00 PM
From: Rosemary  Read Replies (2) of 6317
 
Prakash,

I'm much more fond of slow movements to the positive. Now I'm at a loss (for words only), usually I don't think twice about holding into highs. But this one did move real fast. I know from the past chart when JBIL was in a strong move, it hung out on top of the envelope channel and went along for a ride which as you know kept going higher but at a much slower pace.

My first thought would be, and this is only to protect your upside money, would be to buy the cheapest put available. Make money if it goes down. I wouldn't sell the stock, nor write a covered call.

Sometimes when a stock moves like this, someone knows something. This just can't be because its undervalued alone. At the close we'll know more. How it finishes will tell us alot.
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