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

To: Fenton White who wrote (2753)	2/21/1998 8:24:00 AM
From: contax	Read Replies (1) \| Respond to of 6317

Fenton, I have not posted on this thread in sometime, but have lurked and followed the discussions. Must admit to being somewhat surprised by the thread's recent inactivity as JBIL prepares to make a run towards it's all time high and earnings' announcement. Since I was very impressed with your calls of shorting JBIL from it's highs of last October, I am a little baffled by your persistence to remain bearish on JBIL in spite of a Bull market. I will not bore you with Jabil's fundamentals but will chime in with my 2› that based on a purely technical analysis, your decision to short JBIL at this point is somewhat, for lack of a better word, irrational. Would be curious though to hear your take. If you think for a moment, the reason the Markets have been making new highs is because the individual stocks that comprise the "Market" have been setting new highs. Many companies on which Jabil's business depends on, are either making new highs or are treading up after bottoming. Compare JBIL's chart with some of it's customers and you will be hard pressed to disagree that Jabil's stock price has no choice but to follow the direction of it's customers'. JBIL: exchange2000.com CSCO: exchange2000.com GTW: exchange2000.com QNTM: exchange2000.com COMS: exchange2000.com Now if you compare JBIL's stock price vis-…-vis the companies in it's peer group, you will notice that JBIL is much farther away from it's high: SCI: exchange2000.com SLR: exchange2000.com FLEXF: exchange2000.com IMHO, Jabil has a lot of room to go up and in this bull market, as long as the market leaders are heading north, so too will JBIL and your short position is risky at best. Never bet against the trend! BTW, my target for JBIL, before earnings is $60+ BWDIK? Regards, Karim