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: Spike who wrote (2893)	3/9/1998 1:31:00 PM
From: SuiteStock	Respond to of 6317

Boy, down to 40, and I bought March 45 calls this morning. Thinking about buying 40s. Any info would be appreciated.

To: Spike who wrote (2893)	3/9/1998 2:42:00 PM
From: BenYeung	Read Replies (1) \| Respond to of 6317

Not too far from my prediction in post #2785. MMs used the rally to squeeze the shorts, shown by the reduction in short interest. After MMs sold short to supply public short covering as well as public buying, they then proceed lower one step at a time to cover their own shorts. Pretty simple logic. Nothing has changed in the company nor did the earnings leaked...just plain old fear that the MMs are trying put in your head.

To: Spike who wrote (2893)	3/9/1998 5:26:00 PM
From: WTMHouston	Read Replies (1) \| Respond to of 6317

Besides the MM game playing that has already been talked about, the only explanation is sympathy because of INTC, HWP, and CPQ warnings. If JBIL suddenly reports an earnings shortfall, there are going to be a lot of P.O.'d people (including me) considering all of their "evrything is not only okay, but glowing" talks of the past couple months. Personally, I don't think that will be the case as I doubt they have a desire to risk becoming involved in litigation....which would almost certainly happen if things suddenly showed up sour.... It is pretty obvious that the timing of my purchases over the last two-three sessions has stunk.....Given where it is now, from a technical standpoint there really isn't much support until $33 - $34, but I will be surprised if it gets there absent the entire market crashing......I personally, think it was a little overdone on an intra day basis at 56 and I also think it is overdone here at 38.....from my perspective high 40's is probably closer to true value for this stock. At this point it is back to where it was pre-earnings last quarter before it spiked up on the announcement then right back down....I am going to forget about the volatility and wait for it to spike up again at or around earnings. Troy