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Technology Stocks : ZENITH ELECTRONICS

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To: Chris Alexander who wrote (156)	5/6/1996 9:36:00 PM
From: Erik J. Lupien	of 578

Chris: Kudos to you, my friend. I didn't get in at $18 when I visited my broker this lunch hour -- too afraid to accept the loss I will suffer in COREL. Tomorrow, I sell COREL and kiss ZE hello. I know it's gone up a lot in the past 8 days - almost tripled - and I worry it may not continue but as I thought with IOMEGA, a hell of a lot of investors bought into ZE today at above $20 and the street mood here is that ZE will continue. In my humbe opinion, the volume and price increase are clear examples of that -- although as you have reminded me elsewhere: PAST PERFORMANCCE IS NO INDICATOR FOR FUTURE TRENDS. ZE will likely see some solid profit taking in the first hour or so of the a.m. session tomorrow but once profit takers have sold their shares, there will not be enough shares for buyers and this will drive the stock price up past the $25 mark, I am sure. $20 will become the new support price and $25 (if not $30) will likely be the new resistance. This stock is not finish yet. $20 was no resistance at all, although I thought it would be. Also to note, looks like two institutions bought into ZE today -- 500,000 shares each. The momemtum is just starting here and its time to get in. Regards to you all, Erik.

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