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Technology Stocks : Jabil Circuit (JBL)
JBL 215.23+1.5%3:40 PM EST
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To: puborectalis who wrote (3431)3/27/1998 11:18:00 AM
From: jeffbas  Read Replies (3) of 6317
 
Hi Steve. I originally thought the high 20's looked like a good place to buy, when everyone despairs that it breaks $30. I changed my mind
to $32 this morning in view of the recent stability and shrinking volume. When the market told me I was wrong I took the action indicated, which in effect is going back to my original position, with a net cost basis of $27 3/4.

I think if you pick price points starting in this neighborhood it will be tough to lose any material money if you write in the money covered calls if you are wrong and the position starts to go against you. You may just tie up capital with mediocre returns if you are wrong.
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