Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 207.21

+1.6%

Nov 26 3:59 PM EST

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To: Rosemary who wrote (3748)	5/8/1998 12:15:00 AM
From: AlienTech	Read Replies (1) of 6317

Darn sold my May 35's too early today. With the market looking very weak I didnt want to take the chance. The last time I tried playing this, got stuck with 4000 shares @ 43 and ended up selling at 34. Good thing I had the MAR 40 puts which let me live to fight another day. Now if I remember correctly from last year, JBL always went up a buck or two each day for months at a time, But the high open intrest in the calls makes me nervous that the option writters will try to lower the price so they dont have to pay up or loose their shares. Something else I am playing in is VVUS, with the Viagra hype the stocks dropped from 40 to 10, and as of a few days ago, there are no more shares left to short. In the last month the short intrest has gone from 10 to most likely 20mil, It moves 50% from 8 to 12 real fast so easy money to be made either long or short. (well no more shares to short so buy when it looks ready to pop).

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