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To: drsvelte who wrote (8974)	6/15/1999 11:09:00 PM
From: Thean	Respond to of 14427

JBL's supports are 41-42, 37-38, then 30. I think a better strategy is to set a buy stop after the initial drop. I doubt it will open below 41. But if it does, setting a trailing buy stop would be good as an intraday reversal is very likely. But I would hold it a day at most because it is going to be stuck here below $50 for a while.

To: drsvelte who wrote (8974)	6/16/1999 7:49:00 AM
From: SJS	Read Replies (2) \| Respond to of 14427

What timeframe doc? Trade, ST hold or LT hold. I think for anything but a trade, you'd be stuck in a tight range as the stock is wounded for at least 2 quarters... I'd buy SLR, which has clear sailing and more green lights on the runway...

To: drsvelte who wrote (8974)	6/16/1999 8:11:00 AM
From: SJS	Read Replies (1) \| Respond to of 14427

Doc, Just found this, which confirms my suggestion that the only reason to buy other than a daytrade: Meanwhile, JBL saw earnings jump 26% to $0.29 (in line with estimates) on a 69% rise in revenues... However, company warned that Q4 revenues and earnings could fall short of current estimates by as much as 10% due to last minute design delays on products from two customers... Company went on to say that FY2000 revenues and earnings likely to exceed 30% growth currently forecasted. As noted in general commentary above, Jabil Circuits (JBL 54 +7/16) met expectations in posting Q3 gain of $0.29... However, stock getting pounded in overnight trading due to warning regarding Q4... JBL is down 10 1/2 points... Though rich valuations leave little room for disappointment, company's guidance for the long-term suggests that traders overreacting to temporary setback.