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No. of Recommendations: 2
My guess is that alot of people are taking selling shares of many stocks (not just JCI) and trying to make a fast buck on some of the Internet stocks. It's amazing how much some of the these stocks have gone up when many of the companies have yet to show a single profit (or even a prospect of a future profit). I'll stick with companies with a history of profits rather than speculate on a new company that *MIGHT* have a profit some day...

Part of the reason for the decline in JCI stock could be because automakers have hinted that sales are slowing. Thinking about it, a lot of vehicles have been sold during the past few years. A person can buy (or lease) only so many cars and trucks. Historically, the auto industry moves in cycles. I have never figured out what percentage of JCI's sales and profits come from OEM rather than replacement equipment and batteries, but it could impact earnings for the next few quarters. You have to understand that mutual fund managers are under pressure to make every quarter an up-quarter. They do not have the luxury like you and I where we can hang on to a stock because we know that the company will continue to perform well. With JCI trading at 52-week lows, this is a great opportunity to buy. I remember reading somewhere that the best time to buy is when everyone is selling, and this is certainly one of those times.

Happy Holidays!

- Wild
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