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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: Finder who wrote (4709)11/16/1998 11:37:00 PM
From: WTMHouston  Read Replies (1) of 6317
 
I think it was Cramer that described JBL as a perpetual short squeeze waiting to happen.....but, to get the squeeze (which may have accounted for some of the last BIG rally) it has to be over and heavily shorted in the first place.

For better or worse, this thing sure has volatility....just hope you're on the right side of it.

For those that think that an earnings announcement (even a good one) must inevitably bring higher prices, the report 2 Q's ago should be a start reminder. For those that weren't in or have forgotten: they made their number but included some "were're going to be flat" comments, and the stock tanked 10 points in a couple days. The risk is still there today: you don't get a stock that doubles (or more - 23 to 56) in 30-60 days without the risk that it will drop 50% in far less time.

Playing this one is not for the faint of heart. Don't fight the momentum here: it will burry you.

All of the foregoing notwithstanding, this company still has great fundamentals. But, it would not be the first company not to trade on its fundamentals. And, BTW, my timing has historically swucked on this stock (except for my double down buy at 23, which I sold way to early around 33). Right ideas at the wrong times....some just happen that way.

Just my thoughts.

Troy
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