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

To: patroller who wrote (5936)	2/8/2002 1:33:33 AM
From: Asymmetric	Respond to of 6317

Patroller, i was testing the waters myself. But I don't like recent action in the market. Usually the professionals/institutions trade at the close and with the market unable to hold earlier gains and selling off at the close my take is that there is still institutional distribution taking place. I am looking for a day where there is a high volume selloff with an intraday reversal (and a high VIX of 30 and over) as a signal to go long. So the market needs to open down, sell-off further on high volume, then reverse intraday. At that point I put a lot of cash to work. Peter.

To: patroller who wrote (5936)	2/8/2002 7:41:14 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 6317

Hi Patroller, I guess I'm feeling that the anchor is dragging along a rocky bottom. The market has been drifting as the anchor catches and slips over the rocks. The line we've let out tells us where the bottom is. It's been my job to keep bailing so we don't visit the bottom permanently! PQ's caution regarding the market has been rewarded by not suffering from the upsets internally and externally generated to the markets. Even paltry money market rates have beaten the pants off the market averages. It my cash reserves were larger, I wouldn't have hesitated to add to my JBL position. Because of the lean cash position there's only enough buying power left for a relatively small purchase. I do intend to make my buy soon. My hope is that I'll be able to execute the order in the sub $20 level. I wasn't fast enough the last few days to get it done. It seems the faces are longer today than even after 9/11. Historically MF's and institutions have been heavy in cash at the market lows. Maybe this old BEAR is finally getting tired. Hibernation would be a relief! Best regards, Tom