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Technology Stocks : ZENITH ELECTRONICS

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To: joseph cheng who wrote (79)5/4/1996 9:41:00 PM
From: Franco Battista   of 578
 
It will all depend on how the market opens for ZE. What I
would do is buy 50% of your intended purchase at the ask price at
the opening of the market. Then wait and observe how the trading goes
for the next hour. If the stock starts to retract then try buying
the second batch at a lower price. If the price keeps climbing then
buy and average up. Either way you are doing well. If the price
rises then you are already making money on your early morning
purchase. If the price retracts then you can average down. This
is now my prefered method of buying. I buy half at the bell and the
other half while I wait for a possible retraction. Good luck
on Monday!
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