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: Michael Anthony who wrote (3490)	3/29/1998 5:37:00 PM
From: Ron Kory	Read Replies (1) \| Respond to of 6317

I have to agree with Power Player in that the stock is touching a prior panic low and over 90% of the time that is good for at least a bounce. Let's not forget the stock just sold off 27 points. Support points tend to be self-perpetuating. For example, if you were a trader and short jbil you might look at the chart and see the prior low and want to cover. Nothing works all the time and you have to be disciplined but this does seem to be a low risk entry point. ron