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

To: 18acastra who wrote (3396)	3/25/1998 11:59:00 AM
From: Rev Paris Green	Read Replies (2) \| Respond to of 6317

COMS has NOT managed to get their inventory under control. You stated "3-COM sounds like they worked through a lot of their inventory issues this Q, and things should resume to normal going forward". Well according to UBS securities and E. Glazer (sic), COMS was downgraded today because they still have a way to go on inventory. I believe they reduced the 10 week inventory overflow to 7 weeks. This is still pathetic, and will soon reflect a lower stock price (sub-$30). With regard to JBIL, they are a better buy then Solectron but JBIL will likely trade between $27-$30 before it heads north. Why? Because Fenton says so, and he has been on the ball for a while. But seriously, JBIL seems to be moving contrary to market momentum, regardless of the scalping it received a week ago. Cheap or not (I think it is, but would not buy yet), that momentum will take a while to beat. If you want to short something, try COMS. They are being supported by the MSFT euphoria and will settle down quick. IMHO :)

To: 18acastra who wrote (3396)	3/25/1998 6:32:00 PM
From: Michael Anthony	Respond to of 6317

gs, Hey, come on. Of course I can't time the market, but to think that it impossible for JBIL to trade at ridiculous levels in a correction is not true. IMO, JBIL at 25 isn't so far out of the realm of possibility that I'm ready to pounce again at 32. Undervalued? Sure. That's why I hold my core still. I said if I'm wrong, my core position will ride it up. I just refuse to buy any more above 30. One way or the other I can live with my decision. You said nobody can time the market, so it is just a possible that your scenario is just as wrong too. I'm not comfortable committing more than I already have in it while we are making new highs before April (historically a nice time of the year for a correction) I guess I'll just have to watch my core investment rise if I'm wrong. Suits me.