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

To: Asymmetric who wrote (6089)	9/28/2002 2:15:36 PM
From: Sam	Read Replies (2) \| Respond to of 6317

<<There's no place to hide here. The numbers here are drastic. This is clearly a bloodbath for these (equipment) companies...." The Bell companies want to see changes in the rules on giving competitors access to their telephone networks at reduced prices, and SBC's announcement may be the first of many to put pressure on the regulators, analysts said. "What we're seeing now is a very high-stakes poker game being played out, and the table stakes are billions of dollars," Kagan said.>> No place to hide indeed. I'm flat again in the sector, sold my recent small FLEX position for a .30 loss. This unremitting decline feels a lot like sept/oct '98, when a fair number of companies went down to cash value or even, some of them, below it. Between the election and the Iraq games (same thing? certainly overlapping), along with the virtual halt in spending across the board in capital expenditures, this economy is going nowhere fast. And O'Neill still maintained last week that he thought Q4 GDP would rise to 3-3.5%! The fundamentals are strong. Sure Paul. We'll be calling him "Nero" or "Hoover" soon. He seems like such a nice man.... Maybe the last week or two of Oct will be a good buying opportunity. The funds' tax year ends then, some of what is happening now may be tax related. Perhaps there will be a brief dramatic boom after the election? A lot more demoralization between now and then, though. I noticed in today's Barrons that the Commitment of Traders Commercial Trader position in the S&P is getting close to flat for the first time in a long time. This is a good sign for a bottom, even if brief. Just one indicator, though. But every little glimmer helps. Be careful out there. Sam