JBL is a stock I have played a few times and always made money. Usually it trades in tandem with CSCO which, we already knew had a lousy quarter. The question now is are the problems confined to a single quarter? It's no secret that I don't love this market as I feel most stocks are trading much higher than they should due to slow earnings growth.
Sooner or later there will be a price to pay. That said I still would not write off JBL as being a poor trade opportunity over the short term. You just can't tell in this market. I am going to post some charts to keep an eye on here. I think maybe if you get a chance at JBL around 16.20 it might offer a great risk to reward short term as long as the whole market does not tank. Sooner or later the market will tank but that might be from much higher levels:
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