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

To: BenYeung who wrote (2437)	1/13/1998 3:35:00 PM
From: Rob L.	Read Replies (1) \| Respond to of 6317

Ben, you did not mention Mr. Ney in your list. I figured he would be number one. Or are you saying that Mr. Ney is not on the list because he has never lost. LOL!!!

To: BenYeung who wrote (2437)	1/14/1998 10:06:00 AM
From: Fenton White	Read Replies (2) \| Respond to of 6317

Ben, If I have an idea what these stocks are going to do and we have completed our analysis I take positions when it is to our advantage. If I am sure a stock overall is going down I will ease into positions. If the stock moves up $5.00 - $10.00 or $20.00 it is an opportunity to increase my return when the stock does drop. JBIL for example moved up $15.00 while I took my first short positions. I averaged in @ 63.00. While the stock was moving we protect our investment with collars. Long term, 3-6 months for me, JBIL is a short. Our targets have not changed (25-30). We do think that market makers may drive the stock to 50-55 and we will sell short all the way up as we take profit on calls. How many times since we have been exchanging barbs have you seen a $10.00+ cycle in this stock? My object is to take advantage of the cycles instead of laying around and hope that the stock gets back to 70 in six months or one year. We do not take "risky" positions. We always have a hedge and exit plan.