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Technology Stocks : ZENITH ELECTRONICS

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To: who wrote ()	5/7/1996 5:14:00 PM
From: Chris Alexander	of 578

Hey everybody, I built this one up quite a bit and so I think that I should be man enough to share with you all the truth about my day. I got into ZE last week at 9 7/8 for 200 shares and as things unfolded thought that I was one of the luckiest guys on the planet. Yesterday, I picked up 200 more at 18 3/8 and thought that that was the seconded luckiest thing that had happened to me recently. As the run up yesterday occurred, I decided that since it was closing at the day high and with the high volume, today would mean that ZE would open up again which it did. I picked up 200 more shares at 23 1/4. Last night I thought that I shouldn't have done that and vowed to see them on the open at market and then for some reason DIDN'T!. My fatal mistake was that I didn't take my profit ON THE OPEN. I wanted to see how the day would pan out some and figured that the stock would be all over the place and I would have a chance to take profits a second time; WRONG. As the price dipped and recovered and dipped an it was getting close to 3; I could feel that a big sell off was coming. I then bet that after a huge sell off, maybe the last five minutes would show a price run up; WRONG. At the open today; I was up $4800.00 in profit on ZE; at the close, I had sold all 600 shares wiping out all profit and was down $110.00 for the transaction fees. I counted my blessings that I hadn't lost hundreds or thousands. My broker told me a guy bought 1000 at 25 1/2. Well, I am out of ZE. What a roller-coaster ride for me. I expect that ZE will be further down tommorrow. At 2 p.m. my Aunt called from N.J. and read to me a big article in the New York Times business section on Zenith. She was laughing and very upbeat and as she read I realized that the article was damning of Zenith and it had a profound negative impact on me. I knew then that I had to get out of ZE before I lost even more money. I am sorry for all who are stuck in this boat without a paddle. I am very depressed. I had the money and all I had to do was reach out and take it! Luckily, I don't have to show my face on this web site since nobody can see me. I am crawling under a rock now. See you all someday. Chris Alexander

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