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Strategies & Market Trends : Z PORTFOLIO

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To: Ron McKinnon who wrote (2481)1/21/1999 10:26:00 AM
From: DanZ  Read Replies (1) of 11568
 
Z trades.

Bought 4000 WSTL at 8. The stock has support at 7 3/4 which held again this morning. I'm looking for the stock to retest resistance between 8 3/4 and 9 and possibly break out to 10. This is a pseudo Internet play because they make high speed modems for Internet access. It is just now being discovered and this has caused increased volume and volatility. The current price is 7 15/16 x 8. I'm long at 8 and 8 3/8.

Bought 5000 TUNE at 5. This is a TCI spinoff. The stock has resistance at 5 but it looks to me like it's giving way to buying pressure. My target is 6+. The current price is 4 15/16 x 5. I'm long at 4 9/16, 4 5/8, and 5.

Dan
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