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Technology Stocks : ZENITH ELECTRONICS
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To: Mr. Aloha who wrote (211)5/7/1996 2:19:00 PM
From: Mr. Aloha   of 578
 
E*TRADE DID EXECUTE MY STOP LOSS.

I mentioned that I had a stop loss at 22.5. E*Trade did execute the order at 22, not bad. I have no idea of the order though, it took about 30-45 minutes to confirm - that sucked!

I went and bought more at 19.50 and I going to ride this out. I use margin and left myself with some room. ZE can go to about 10 before I get a margin call.

It was about time we saw some selling pressure, this is good news. The best thing would be slow growth to $30, need to keep out of CNBC.

I still feel a short term price of $35 sounds about right. Zenith is a huge company with $1.2+ billion in sales, they can trade in the 30's on this news.

P.S. Didn't someone mention that the market maker will sell stock even if he doesn't own it, and then buy some back to cover the short. Either someone decided to profit take or the market maker created his own sell off to cover his much in demand market?

Aloha
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