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Technology Stocks : ZENITH ELECTRONICS
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To: who wrote (68)5/4/1996 10:00:00 PM
From: Franco Battista   of 578
 
Im will be buying back in IMPX very soon, as soon as there is
a retraction in the stock. No one can predict when it will
retract, but I feel it is soon. When it does it will drop
to between 13 and 15$. I will then take a very serious position in
the stock. I started to hype IMPX when the stock was trading at
13$ and people were saying to get off the train. They were
over-reacting. I knew the stock was screaming to go to at least
18$. I sold at 17.50$ and as I said will buy back very soon.
This is my opinion and it is based on experience. Experience
on missing the train on some stocks and staying on the train
too long on other stocks. I lost alot of money because of this in
the past but I learned from my mistakes. When IMPX will drop
it will happen very rapidly, it will happen during the trading
day, about 45 minutes to 1 hour after the markets open. The drop
will be caused by all the short term buyers who were in it for
a quick buck and suddenly will panick as they try to preserve
whatever earnings they thought they had. The stock will have reached
a price where there will be alot more sellers than buyers.
Then the panic will spread and start to scare into selling
some of the long term investors as well. Then the stock price
will seek to base. This will happen over a two to three day period.
That will become a good buying opportunity and as I said should be
about 13 to 15$.

As for Zenith, I have been honest and said all along that my first
selling target is 25$.

What is your position? Do you own any IMPX or ZE? If you do,
how do you intend to trade these stocks?
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