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

To: Asymmetric who wrote (5850)	9/17/2001 4:15:21 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 6317

Hi PQ, It's just 4PM EDT as I type - too soon to know the actual close, but there's no indication of a late rally. I reached deeply into the recesses of my cash reserves and bought more JBL today. To me it's business as usual. I don't know how long it will take for the markets to stabilize, but feel an end point will be found where we can look to brighter times. I was surprised that my LT Bond fund didn't shrivel today, but maybe the FED's cut helped to solve that. With restraints taken off corporate accumulation of company stock it should help to stabilize markets. I don't believe there were any restraints enacted regarding short selling. However, those who would be tempted to short the market should be fully aware of the purchasing power of the companies involved should they decide to use any market slide as an opportunity to load up on their own stocks. Those two decisions - corporate accumulation and no Short Selling restraints - could go a long way to help build the final base for the markets from which to work. My own activity will soon exhaust my positive cash reserves. Then it will be up to me to decide if, for the first time since starting to invest 30 years ago, I'll use debt to continue purchasing. Since I abhor debt, that will be a very big decision. A significant decrease in price/share of the stocks in which I'm interested will need to occur for that to happen. The type of decrease I'm imagining will be of the magnitude of 1974 where the general market P/E of Value Line dropped to 4.9, I believe. Such a "once in a lifetime" drop is what I need to justify taking on any form of debt. Best regards, Tom