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To: Robert O who wrote (2927)12/18/2013 8:40:44 AM
From: The Ox  Respond to of 8288
 
I would let the dust settle for a while on JBL, not that a nimble trader can't profit, as there will likely be a bounce at some point soon. What little I read is that the next couple of quarters are going to be very rough for comparison. With their guidance down so dramatically (low end -70% for eps), it seems to me that it would be wise to see just how bad the next couple of quarters truly are. Currently, gross margins according to the fundamentals screen on my trading platform show 7.4% and price to sales a tiny 0.18.

The stock had a great run early in the year and soared into the second half. Since then, it's been in a steady downdraft and is trading near RtS's 16.20 this morning....actually, right at that just now.

My reaction is to wait for a clear reversal setup but to each their own!