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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 (4341)7/18/1998 5:58:00 PM
From: Ron Kory  Read Replies (1) of 6317
 
Rosemary:

I think a better reason for the pop in JBL this past week was the
deadcat bounce in semiconductor stocks based on INTC's comments that
"the worst is over" and the continued fine performance by other
major ECM companies. There is a large "fast money" crowd prevalent
on Wall Street these days and they rushed into JBL sending it
higher.

A good argument could be made that the stock rallied on large volume
and came out of a little base making the stock look more positive
on a technical basis. The last two days of selloff have been on
considerably less volume.

ron
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