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

To: t36 who wrote (3530)	4/5/1998 11:17:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 6317

Look at the charts of the two best (FLEXF, SLR) and the two worst (SCI, JBIL) ECM majors. I am a little fearful as to what direction JBIL will start moving in, from a technical point of view. From a fundamental point of view, the stock is down from a ridiculous valuation level of $70 and I think could start to be accumulated gradually if it continues to decline. BUT DO NOT TAKE A DOGMATIC POINT OF VIEW AS TO WHAT PRICE COULD BE THE BOTTOM - it is better to buy too little but have bought near the bottom, than to buy too much at higher prices. (You will sleep a lot better with the former strategy than you will with the latter.)