Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 214.29

+1.0%

2:10 PM EST

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To: davedmg who wrote (3459)	3/28/1998 9:46:00 AM
From: rocklobster	Read Replies (4) of 6317

Fund Managers publish their results each quarter and give a public accounting of which stocks they currently own. From what I have heard, Window Dressing is when fund managers buy stocks at the end of the quarter that have performed well over the last quarter to give the appearance that they were in the stock during its peak performance. Additionally, The Fund Managers will also dump stocks that have performed badly so that when they publish their quarterly results with an accounting of their current holdings, they aren't holding any poorly performing stocks. Since JBIL has taken such a beating lately, I'm assuming that people believe that the funds are getting out of JBIL to avoid having people think that they were in such a dog and perhaps questioning their judgement. I guess the hope is that they will start loading back up on it after their first quarters accounting is finished so that if it rebounds, next quarter they can give the appearance that they bought it at its low and were very smart. This is all JMHO (just my humble opinion). By the way I was one who bought JBIL 2 weeks ago at 44 hoping for a rebound. When it didn't bounce back this week after getting taken out and shot I unloaded it on Monday's open at 34. I feel like I dodged a bullet there. I am very disappointed with JBIL's performance especially considering that they actually beat estimates and especially considering how nicely COMS was treated this week after missing the sharply revised downward earnings. It just doesn't make any sense to me. It seems that the smart money is shorting this baby bigtime. I didn't have the guts to short it but I am paying more attention to Fenton's posting and will be a buyer again if we see his 20-25 supposed institutional floor for JBIL. Later, Richard

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