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


To: prakash who wrote (2597)2/2/1998 12:35:00 PM
From: Rob L.  Read Replies (1) | Respond to of 6317
 
Basically it appears that the momentum players are completely gone. Look at the volume, very small. The only way this stock will recapture its past glory is to offer some suprises on the earnings and /or growth picture, which should be very hard to do since everyone has such high expectations for this stock. Still, the stock seems grossly undervalued given that its PE is below its growth rate. Can the others in the industry state that? The only thing helping it out is it has been a laggard of late. I would not count this stock out and if I were going to buy in this sector, I would look at the laggards not the leaders. I'm still looking for the gap at 46 to be filled before I would consider selling for you short timers. Good Luck!



To: prakash who wrote (2597)2/2/1998 1:04:00 PM
From: Rosemary  Respond to of 6317
 
Prakash,

It's the same-o, same-o. It gets close to a new frontier, the 40's and in come the shorters. Or its profit taking for those who bought in in the the low 30's. If it hangs on and stays sideways, it will only mean that we'll have to wait a couple of days, and up it goes.

That's the usual scenario if it stays sideways with a green moneyflow.