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

To: OldAIMGuy who wrote (5777)	3/21/2001 7:25:38 AM
From: OldAIMGuy	Read Replies (2) \| Respond to of 6317

From Bloomberg "Jabil Circuit Inc. (JBL): The contract electronics maker said it expects to earn 15 cents to 18 cents a share in the third quarter ending May 31, less than the 25-cent average estimate of analysts surveyed by First Call. Jabil fell $2.29 to $18.12."

To: OldAIMGuy who wrote (5777)	3/21/2001 11:09:34 PM
From: Asymmetric	Read Replies (1) \| Respond to of 6317

Tom, How's the Aim-ster Doing? The only thing about Jabil and techs being oversold, is that they've been in that condition for literally weeks now. With 7 down weeks (or is it 8 weeks?) in a row now many investors, and traders who bet the wrong way are now stuck with no way out...except to sell for huge losses...and are stunned at the incredible rapidity and depth of this recent decline. The law of averages, of probability, historical records, etc say we should bounce - but we keep going down instead. And now the Dow looks like it's ready to meet the Nasdaq - unfortunately by diving to the level of the Nasdaq. Before ringing the bell on "oversold" I think we have to recognize we are in uncharted waters here, and because the "unthinkable" has been happening with some regularity, regarding breaching of various market and individual stock supports, it seems to me that the much safer way for investors to go is to stop trying to anticipate the bounce, to stop trying to get in ahead of others, and to wait for the actual bounce to occur before committing further funds. Just my two cents. Peter.