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Technology Stocks : Jabil Circuit (JBL)
JBL 196.60+2.1%Nov 21 9:30 AM EST

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To: Asymmetric who wrote (4467)8/11/1998 1:58:00 PM
From: mark bailey  Read Replies (1) of 6317
 
Peter-I agree with your point on the preservation of capital being the first priority. I moved most of my 401k out of the market in Sept of last year and have played some of the moves since. I am out now (since April).

My "active" account is about 40% cash. Some of the stocks I won't sell unless the fundamental change including CSCO and EMC. I've taken some of my most significant hits ever in the last few months as some of my small cap stocks have been carried out with the tide. I took a hit when I picked up HWP when they announced they were selling their printer plant to JBIL. I took that as a sign they were getting serious about cost cutting. Looks like I was too early.
It would appear that the market has a ways to fall. No signs of strength at all.

Good luck.
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