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


To: ccryder who wrote (2561)1/29/1998 12:10:00 AM
From: gs  Respond to of 6317
 
The same trader ran up the price of the stock to 72.



To: ccryder who wrote (2561)1/29/1998 10:25:00 AM
From: Rosemary  Read Replies (1) | Respond to of 6317
 
ccryder,

I was watching the trading that day because I was looking for a day trade, and I didn't see that happening. Unless they were doing those trades in small denominations.

I was annoyed because I put in an offer about 1/2 under and of course I didn't get it, so I watched it alot just to teach me a lesson.

It's usual for any stock price that jumps that quickly to have lots of shorters fly in at the end of the day, especially when there was no news to move the price. We'll never know really if it was moved by one or by many doing day trading.

Now I feel a lot better because of the moneyflow turning positive and it has been for the last few days, and that's good news for a sustained price increase for the right reasons.