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

To: Rosemary who wrote (2768)	2/25/1998 11:42:00 PM
From: Hector	Read Replies (1) \| Respond to of 6317

Rosemary, Many times charts will give a preview of what is to come. I've learned to ignore fundamentals in the short term (they do matter longer term) and concentrate on technical indicators for clues to where a stock is headed. It is quite unusual for a stock like JBIL, which skyrocketed 800% last year and then declined by 60%, to come back this quickly. I attribute the strength in the stock over the last month (as with many others) to the final market mania blowoff before the bear market arrives. Volatility in JBIL has declined dramatically and this usually indicates that when the next move comes, it will be substantial, whichever direction it goes. I suspect it will be down since money flow has been declining also. Regards, Dave