ZENITH ELECTRONICS Message Board

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Technology Stocks : ZENITH ELECTRONICS

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To: Mr. Aloha who wrote (154)	5/7/1996 12:32:00 AM
From: Rich Dondo	of 578

I agree stop loss can end up costing you on this one since the specialists will take it down 3-5 points so your stop loss @ 21 could get you 18, then they the specialist move it back up.. Also the float on this stock is thin. Lge holds 57% and 2 other private investors Hold 7 or 8 % with it trading 14 mil shares today only therefore only 10mil is in the hands of Old investors, Don`t look at the fundamentals you wouldn`t buy it @ 7 !!!!! I sold my portion to LGE (50+%) last year @ 10 then soon afterward it move to the low 7 so I loaded up thinking LGE was going to by the rest @10 in the near future..Surprise surprise I was looking to sell some covered options in the AM for 7.5 June 17.5 Rick

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