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

To: patroller who wrote (1749)	9/16/1998 10:44:00 AM
From: kolo55	Read Replies (4) \| Respond to of 2542

My guess is a hedge play. About 100,000 of FLEXF and JBL were bought in 3-4 blocks at the same time with nice price gains, while about 100,000 of SLR was sold about the same time in about 4 blocks. Looks like a hedge play to me. And if I was an institution, I'd make that play too. SLR just outran the sector yesterday, and needs to consolidate while the sector catches up a bit. I find it incredible that we could have picked up a basket of FLEXF, JBL, SANM, and SCI in the 22-23 range last two weeks. That was one crazy sell-off. I've got to keep more powder dry for that kind of crazy stuff in the future. Paul