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

To: AHMAD AFTAB who wrote (3428)	3/27/1998 10:42:00 AM
From: jeffbas	Read Replies (1) \| Respond to of 6317

I do not know. I bought on the opening today because I thought it had bottomed out. I was wrong and when I saw it broke convincingly below $32, I ran out and wrote June 30 calls for $4.50. That means I will make 8% in less than 3 months if it is above $30 in June and have a cost basis under $28 if it is not. I feel comfortable that 14 times earnings is a perfectly fine place to start buying JBIL, if I still own it in June. This is the advantage of dealing in stocks with high time value on options. You can take meaningful protective steps if you make a mistake. Others who also bought near here may want to consider it.