Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 201.21

+2.1%

11:15 AM EST

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To: Michael Harb who wrote (3345)	3/19/1998 7:28:00 PM
From: Douglas V. Fant	Read Replies (2) of 6317

Michael, Actually not a bad trading pattern in JBIL today. Usually we get some "me too" selling the day after a large drop in price.That did not materialize today....Today in fact we only saw average trading volume....Ken's in Houston and is a good man. I believe that we may probably need 90 days to recover on JBIL. That's based upon a parallel pattern in other techs that I see being repeated (IMO!) here in the ECM's.... And that is a 50% drop in price off of the 1997 highs for tech stocks, a 90-day sideways period,and then some life. Networkers, semis, semi equipment and DD stocks all followed this pattern generally, dropping 50% in price in the Fall of 1997, trending sideways, and then gaining strength about 90 days after that... So if the ECM's follow other tech sectors' patterns, then my guess is that will be the recovery pattern...I'm certainly not letting go of any of my ECM stocks. Hat's off to the short sellers though.... Sincerely, Doug F.

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