Jabil Circuits (JBL)

[WTMHouston]

Hi Tom:

I am glad I worked until 4:00 a.m. this morning and missed the morning frenzy. Sold about a half hour ago for $31.30 from an average cost of around $22 and change. Now if it will just cooperate and retest the ~$27 range, which may be hoping for a bit much in the near term, all will be well with the world. I suspect that oil prices and their effect on the whole market are about all that could get me the cooperation I want, at least in the near term, but today's large gains will have to be absorbed.

It is nice to get six to twelve months of gains in one day. Just too bad it does not happen more often. Had I really been smart, I would have bought on the weakness over the past week, or at least picked up some options. The decline and weakness going into into earnings was confusing me and had me irrationally worried. Of course, hindsight is always 20-20.

JBL has become my favorite long term stock. It replaced SILI after VSH bought it out.