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Technology Stocks : Jabil Circuit (JBL)
JBL 200.25+0.7%Nov 19 3:59 PM EST

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To: Spike who wrote (2893)3/9/1998 5:26:00 PM
From: WTMHouston  Read Replies (1) of 6317
 
Besides the MM game playing that has already been talked about, the only explanation is sympathy because of INTC, HWP, and CPQ warnings. If JBIL suddenly reports an earnings shortfall, there are going to be a lot of P.O.'d people (including me) considering all of their "evrything is not only okay, but glowing" talks of the past couple months. Personally, I don't think that will be the case as I doubt they have a desire to risk becoming involved in litigation....which would almost certainly happen if things suddenly showed up sour....

It is pretty obvious that the timing of my purchases over the last two-three sessions has stunk.....Given where it is now, from a technical standpoint there really isn't much support until $33 - $34, but I will be surprised if it gets there absent the entire market crashing......I personally, think it was a little overdone on an intra day basis at 56 and I also think it is overdone here at 38.....from my perspective high 40's is probably closer to true value for this stock.

At this point it is back to where it was pre-earnings last quarter before it spiked up on the announcement then right back down....I am going to forget about the volatility and wait for it to spike up again at or around earnings.

Troy
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