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

To: 18acastra who wrote (2298)	12/18/1997 2:28:00 PM
From: solderman.com	Read Replies (1) \| Respond to of 6317

Just curious about your handle. Where does it come from? What does it mean? It's so mysterious.

To: 18acastra who wrote (2298)	12/18/1997 3:03:00 PM
From: Trader Ric	Read Replies (1) \| Respond to of 6317

You need to listen to Ben Yeung. Take a look at some intraday charts and you will find multiple instances of big price moves on little volume and no evidence of buying or selling pressure. If tyou opinion was valid explain Solectron. Your opinion is how things are supposed to work and I surely wish they did work that way. In the long run Supply and Demand controls but not in the short term. BTW, Im beginning to understand Fenton. Three things he has said make sense that I have learned from him: He looks for good companies that are oversold to short;He gives great weight to insider Transactions; and he keeps a close watch on the open position on the options. Frankly I think he cares little about fundamentals, and much of the BS he puts on this thread is payback for some of the abuse he has endured. Rob put it well:" he's so right about the stock and so wrong about the company." His calls on Jabil are more than luck but they're clearly not based on fundamentals. My personal opinion is that he reads the market well while most of us have been focused on the company itself. Naively I have always thought that the stock in a company will go up if it makes money and vice versa. I now believe most stocks are like a canoe on a river. The MM can go upsteam or down stream as the wish but only have the strength to buck the current for a while and will do so only if there is a short term advantage to it. When the river is a flood even The MM get swept along but oly for a while. Wednesday morning the flood swept the MM from 38 to 44. As some as it let up they paddled back. Apparently They want the stock to be just below 40 until the options expire. That is probably why the price did not go down further with the market, Its no longer to their advantage to paddle upstream. If Im right Fenton will cover at about 38 and the stock will rise soon after friday. The only exception would be if they want to accumulate shares through the thin volume of the holidays when paddling upstream is easy. Time will tell.