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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Michael H who wrote (5687)	11/30/2000 11:16:42 AM
From: Frank Drumond	Read Replies (1) \| Respond to of 6317

I think that this sell-off is incredibly overdone! The ECM sector continues to grow and will continue to expand the number of client companies they support.

To: Michael H who wrote (5687)	11/30/2000 6:16:34 PM
From: OldAIMGuy	Respond to of 6317

Bought more JBL this afternoon. Spent most of the day helping move my in-law's stuff. That distracted me from my duties as market supporter! I think that's something like an athletic supporter! Best regards, Tom

To: Michael H who wrote (5687)	11/30/2000 9:25:50 PM
From: Michael H	Read Replies (1) \| Respond to of 6317

The markets still seem to prefer to value stocks in a relative way. I.e, contrary to valuate a stock absolutely by todays and most probable future returns, the stock price is merely determined by yesterdays price adding todays news and market sentiment to calculate the new price. Or not even the new price but just the direction. Even with relative pricing, the markets are erratic. It does not seem to be anyone out there who can quantify price movements reasonably. Additionally, any news independent of its contents is regarded bad news. PALM was beaten 15% on the news that they can't meet demand at the moment. JBL movement had been reasoned by Gateways slowing. Even if Gateway were dropping orders to JBL by 20% (which is unlikely, more likely they will just stall), JBL would loose 1% of its business. Market reaction? Send it down 30%. Grill the other ECMs by 20%, just for being acquainted. No news or when the management stays mute is equally bad at the moment. I start being afraid that numbers in December will be a taken as another good reason to dump the stock. Good numbers - sell on good news. Bad numbers - here you go. I really starting to lose faith, not in JBL, but in efficiency of the market, or whoever is moving it at the moment. This is becoming increasingly a lose - lose situation. Let's hope I am wrong and we will see some more serious bargain hunting. The recovery in the afternoon market gives some hope - Thanks Tom. Michael