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Technology Stocks : Flextronics International (FLEX) -- Ignore unavailable to you. Want to Upgrade?

To: patroller who wrote (521)	2/4/1998 12:20:00 PM
From: kolo55	Read Replies (2) \| Respond to of 1422

Not bad action today in a down market. Things are definitely looking UP around here all right. This stock now is above the level it hit in the 5 point move the day before earnings report. I can take more of this, but I wonder at what point the inevitable profit taking will show up. I suspect we may be at the first round of that right now at 40. But if the mo players keep piling back into Jabil (another million shares traded there today), and the shorts there cover (about 1.5M short), then Jabil will lead the way higher, and the next resistance level for FLexf is the secondary offering price of 47 from last fall. Hard just to predict when this will happen, but my April 30s are looking real good, and my April 40s have come back to life. Good luck to everyone. Next news from Flextronics should be an announcement of the SJ acquisition. Paul