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

To: Hector who wrote (2942)	3/10/1998 7:29:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 6317

>>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. << And where do you think its going to go after it reaches 30? Do some of you even THINK before saying its going to drop even more or its going to go UP even more etc when its on a run? Kinda reminds me of some geeks who were saying when the DD's were tanking and SEG bounced off 33, Oh yea I'll buy when it goes below 26. Hope he sold the house and did just that! Right now its what 21. You want to talk about BULL with such a comment? 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. Theres quite a few people whos hurting who bought this stock at 50+. Easy to make wild accussations and comments like these without thinking. I am holding Mar 40 calls and prob buy 45's if it looks strong so if it does go to 30 I am out the premium and it does not become long term hold.