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Strategies & Market Trends : Z PORTFOLIO

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To: Ron McKinnon who wrote (2284)12/2/1998 11:19:00 AM
From: DanZ   of 11568
 
TIE.

Bought 2,000 more at 8 15/16 (Z and personal trade). This trade is based mostly on a read of the tape and not on the chart. The stock broke support this morning at 9 1/2 but it has stabilized on the intraday chart and some big bids and buyers at the offer have shown up. My target remains 11 1/2 to 12. It is likely that TIE is down on the news from BA last night about production cuts from two to one 747 aircraft. However, the stock looks cheap to me on a fundamental basis and I'm going against my charts and with the tape read--at least for a day or two to see how it shapes up.

Dan
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