Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rosemary who wrote (2791)	2/26/1998 6:20:00 PM
From: Hector	Read Replies (3) \| Respond to of 6317

Rosemary, Fenton has been on this thread awhile and he believes this company is far too reliant on a couple of large customers, very much like what happened to Ciena. JBIL is a fine company, but the question remains, does it or many others for that matter warrant the valuations being given to them by investors. I believe that JBIL is one of many momentum driven stocks, which rise and fall with the psychology of short term traders. In that case, this buying frenzy in JBIL and many other stocks is going to end very badly. We are at the end of a once in a lifetime stock market mania and when it ends (very soon I believe) many people will be calling for the heads of the so called Wall Street gurus. A little background on me. In 1981-82, I had a number of well known nonprofit institutions as clients. Their boards were made up of well known corporate bigwigs. At that time, the institutional portolios that they oversaw had about 20% of their assets in stocks. Based on their prior 10 year experience, CD's were expected to outperform equities. We now have the mirror image. Most investors today don't know that stocks can go down. Just ask the Japanese and Koreans what their attitudes were at the peak of their markets. They also believed that they would never go down by any great percentages. Sorry for the long response, but I believe that the public is being led to the slaughter and I have a reputation for speaking my mind. Regards, Dave