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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: John Morelli who wrote (1702)	9/3/1998 12:21:00 PM
From: kolo55	Read Replies (3) \| Respond to of 2542

Sector continues to get pounded. Way back at the beginning of this thread we talked about an ECM sector index; well it would be interesting to see where we are today on a price weighted index. I suspect we are at the lowest point since early 1997, if not since the thread was started. There clearly is a motivated big seller of FLEXF, as evidenced by the big blocks that trade every day. Yesterday someone dumped about 200,000 on the market in a matter of moments, today it was about 150,000. I posted some comments on the FLEXF thread. I don't know if the street is worried that more earnings warnings are coming from these companies. Personally, I don't think Sanmina's warning justified the huge slide in their stock price over the last two weeks. The Altron deal is a great buy for Sanmina, and narrows the number of competitors in backplanes. Also its almost a given that Sanmina will get a sizable portion of the Lucent business scheduled for outsourcing; the Altron deal helps there as well. Jure Sola is very upbeat on the company's growth over the next year. Another interesting trading pattern the last several days: Someone big occasionally jumps in and buys JBL blocks until the price hits 29 range. Then when NASDAQ tanks, some smaller sellers appear. There is certainly some strange trading going on in that stock. Paul