Jabil Circuit (JBL) Message Board

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Technology Stocks : Jabil Circuit (JBL)

JBL 201.12

-0.3%

11:29 AM EST

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To: Asymmetric who wrote (4584)	10/8/1998 12:53:00 PM
From: jeffbas	Read Replies (3) of 6317

Peter, my point was that we ARE in a bear market. That is a critical imbalance between supply and demand for stocks generally and has nothing to do with fundamentals. JBL can be dragged down materially merely because it offers relatively worse upside potential compared to all other companies every day it remains stable. I recommended yesterday on Yahoo reducing (not eliminating) JBL on strength for anyone on margin, overexposed to the market generally, or owning calls -- and especially if you believed the 12 months target for JBL was 44-49 as was projected by one of the firms. That is very little above the price yesterday compared with what most stocks will have as potential when this bear market is over. I am sympathetic to your point about selling a good stock, but stocks do not trade in a vacuum.

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