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


To: patroller who wrote (4353)7/22/1998 10:42:00 AM
From: Finder  Read Replies (1) | Respond to of 6317
 
CS First Boston starts Jabil at Buy.

However someone is selling a lot of stock this morning blunting effect of upgrade. I wonder if it is a short seller??

30,000 shares offered at 35.125. Not good news.



To: patroller who wrote (4353)7/22/1998 10:45:00 AM
From: Finder  Respond to of 6317
 
Yes it must be short seller. 30,000 share block just keeps moving down on the ask. NOt a good sign. Someone(s) wants this stock to stay down. It is so thinly traded since move to NYSE that a 30,000 share block short can destroy the stock.



To: patroller who wrote (4353)7/22/1998 10:51:00 AM
From: Finder  Respond to of 6317
 
Block (now 28,000 shares) on sell side just keeps pushing price lower but never dropping to fill. Charaterisitc of short since it can not fill on a down tick but can push price olower as others get out of the way.

At least some buy side support has finally shown up at 34.625.