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Technology Stocks : Jabil Circuit (JBL)
JBL 214.07+0.9%Dec 3 3:59 PM EST

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To: puborectalis who wrote (3440)3/27/1998 1:47:00 PM
From: jeffbas  Read Replies (1) of 6317
 
I agree with you that JBIL may be dead money for a while. I think it will be in a trading range to consolidate after the major decline - like between $25 and $35. I think that it has dropped too far and the P/E come down too much for the bears to have a field day from this point. On the other hand, there has been too much technical damage and the fundamentals are not as good for the bulls to have a field day either.

That is why, after making the initial mistake of buying a small amount this morning, I thought that selling the June 30 calls was just the right strategy, consistent with my view.

I also think that HWP is interesting, but I suspect that the tech sector generally may underperform. You might just be better off sticking with what you know best.
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