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Technology Stocks : Jabil Circuit (JBL)
JBL 204.01+3.5%Nov 25 3:59 PM EST

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To: Rosemary who wrote (3748)5/8/1998 1:40:00 AM
From: Trader Ric  Read Replies (2) of 6317
 
It was a long winters wait for jabil to turn around. I stayed long but have laid off the options so far in 1998. Bought May 40 calls at 37 and june 45 calls today.
Sansone was playing it conservative by his own admission when he predicted flat earnings. personally I expect that with the recent strenghth in quantums DLT as well as some of their other customers that earnings will be over .50. Plus the time of year is right. Last year at this time I remember how hard it was to find a stock with good numbers, this year is worse. The bonus would be if jabil finally announces a big aquisition. Somewhere I remember an announcement that said that any aquisition would have to be immediately accretive to earnings. IMHO sansone is setting the stage for a big earnings suprise or an aquisition suprise at earnings time. I just cant imagine him going to the New york exchange without a plan to take advantage of the momentum.
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