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

To: ccryder who wrote (2941)	3/10/1998 6:57:00 PM
From: Hector	Read Replies (1) \| Respond to of 6317

This is a good company, but as I've been saying on this thread and others, when stocks go up 1400% in a year, they've deviated too far from the mean (standard deviations and all that nonsense). In a manic bull market, stocks with good fundamentals and not so good fundamentals go to extremes. In the next bear market which I believe has already started, don't be surprised to see JBIL trade with a PE under 10. Bull markets eventually end. There's a saying I learned a long time ago "The bigger the top, the bigger the drop". This top is of historic proportions and does not bode well for the next few years. BTW, my read of the messages on this thread is that people are hoping and wanting to believe that JBIL will return to its glory as soon as earnings come out. I think they're going to be sorely disappointed. Dave P.S. I've traded this stock both long and short. It's a very good trading stock, but is not suitable for long term portfolios at this price. When it gets to around 30, I'll be buying long term.