ZENITH ELECTRONICS Message Board

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Technology Stocks : ZENITH ELECTRONICS

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To: Fred Fahmy who wrote (56)	5/4/1996 12:34:00 AM
From: Franco Battista	of 578

Every stock cannot keep rising without any pullbacks. ZE will be no exception. I will base my buying on ZE to the Iomega chart. Iomega pulled back when it hit 26$ after a very quick rise from 15.50$. IOMG pulled back to 21$ at that point before challenging its old high. It then rose and beat its old high. I have been trading IOMG for months. I bought the stock as well as in and out of the money calls. I usually take a large position and keep adding to it as the stock rises. When it hits one of my targets I sell a portion of my stock. If there is a pullback then I buy again. I usually sell the calls before selling the stock. I have set a 25$ target on ZE, this is only a first target. I will continue buying and selling the stock and setting new targets. Over the next weeks we will learn alot more about the ZE story. The stock's trading will tell us alot about this story. That will help me set the targets. By the way, I bought more ZE today at 15$ during the brief pullback that occured at the end of the day. Today's volume and interest in the stock is our best evidence that ZE will continue its rise next week. I hope this helps you in trading ZE. Good luck trading.

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