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

To: contax who wrote (2757)	3/7/1998 11:16:00 AM
From: Fenton White	Read Replies (2) \| Respond to of 6317

Sorry for the delay in getting back to you. I have been cycling in other stocks and I have been on vacation again. I believe that the market makers will try to drive the stock to 55 or 60 again before earnings are announced. We will try to help push the price up and we will be selling short on cycle again. Remember that customers of JBIL will have increased per unit margins due to the reduction in component prices and new labor savings due to currency devaluations. Unit sales, however, seem to be weaker than expected. Inventory pushback will continue as companies try to match the DELL on time model. In short, no pun intended, we see another squeeze in the component group as the switch to just in time inventory continues. The squeeze is a double hit because it impacts A/R and component pipeline. We are looking for upgrades followed by volume increases that signal portfolio managers moving out of sector. The price will be tanked a few weeks after the upgrade and the cycle starts again. As long as we can keep a stock moving in cycle we can and will make ALOT of money. PS, I just bought a large position in FPAM late friday after the sell off. Price moving up, I hope. Target 26 5/8 on the numbers and 34 as a takeout. Regards, Fenton