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Technology Stocks : ZENITH ELECTRONICS
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To: Fred Fahmy who wrote (142)5/6/1996 7:56:00 PM
From: Chris Alexander   of 578
 
Fred, how high; boy isn't that the question. ZE closed at just under its high for the day which was hit in the last hour of trading. I was expecting a sell off by day-traders and I didn't see anything. I started thinking that if I didn't pick up more in that last hour that I wasn't going to get any more shares in the 20's. I have since calmed down and wonder if I will be eating humble pie tommorrow. I bought 200 at 23 1/4 and now wonder if it will drop back into the teens tommorrow on profit taking. My gut feeling is that it is going up not down because of the volume and the closing price related to the day spread. It looked to me that in the last hour everyone was jumping onto this stock because they figured that it would open up considerably. I sure hope so. At the moment I think I got too risky. I am already up so much on earlier buys that I do have some room to risk loss for a potential gain. Good luck to all of us tommorrow. I am in this for the long haul. I heard that May 9th is supposed to yield an announcement about HDTV and that could help. The run right now is strictly on the two modem solutions and the big name dropping done with the announcements. If Zenith management is so bad, how did they manage to pull this one off so deftly. I think they were behind the Trojan Horse weren't they? Comments? Chris Alexander.
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