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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?


To: pcyhuang who wrote (275)10/9/2006 9:07:36 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 4080
 
Good morning PC, Re: JBL...............

I note in this week's Value Line "Highest Growth Stocks" list that JBL has now been removed from the "bad boys" list and is now ranked #4 in Timeliness. The price is also up nicely from when they first listed it as a #5 "worst" for the next 6 to 12 months.

August 25th Edition shows JBL first at #5 and the closing price that day was around $25 and in recent days was up over $30. Some might consider JBL a "channeling stock" although the pattern has been somewhat "long term" in recent years.



These cycles have provided nice profit opportunities in the past. Historically it cycled between about $25 and $32. These bigger swings recently were news driven with the "options dating scandal" that so many stocks have seen in 2006.

Best regards, Tom