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Technology Stocks : ZENITH ELECTRONICS
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To: WebNoise who wrote (67)5/4/1996 9:23:00 PM
From: Franco Battista   of 578
 
Call your broker when the markets open and ask him to give
you the bid ask for the first sales. If the stock opens above
Friday's close, then that means there are more buyers than sellers
and the buyers are ready to pay a premium. If that is the case you
jump in at the ask price or at a price between the bid and the ask.
If the stock opens lower than Friday's close, then you should place
your order at 15$ and check with your broker every 5 minutes to see
whether the price is heading towrds your target or heading back up.
As you can see there are no easy answers to your question. With the
interest in this stock I would not hesitate to pay an extra 1/8 to
be assured to get in. If you are real nervous then you should wait
for the stock to pull back, the only problem is that you do not
know how high ZE will run before pulling back. My guess is it
could run as high as 25$ before pulling back. Good luck on Monday!
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