Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 204.18

+3.6%

2:33 PM EST

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To: MONTHY22 who wrote (3350)	3/19/1998 9:54:00 PM
From: AlienTech	Read Replies (1) of 6317

>>I agree! it's obvious that the MM"s are keeping a tight range here at 35. I,m glad too, I sold covered March 35's after the drop for 1 1/8<< I should have done it too, but I coudnt get rid of my puts, IE I had bought the MAR 40 puts before the drop and I wanted to get 5 3/8 for them. Even though I watched the stock hit 34 3/8 at one time they still woudnt buy it. The puts should have been worth 5 5/8 at that point. Ended up selling them for 5 1/8 in the end when the stock was 34 5/8. Guess they want to make a 1/4 point profit on it, The entire day when the stock was at 35 / 35 1/4 the mar 40's bid was at 4 3/4 and ask 5 1/4. Almost made me want to stick the stock to them but didnt have the capital to buy any more after the drastic drop :). Makes me think they dont expect the stock to close below 35 so wont buy it unless they can make an immediate profit on it.

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