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Technology Stocks : ZENITH ELECTRONICS

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To: henry andrews who wrote (259)5/7/1996 9:26:00 PM
From: Cadaver   of 578
 
OH WOW!!! Am I glad I decided to wait for a correction. I was strongly tempted to buy ZE and IDID, both of which seemed to be defying gravity. A friend of mine warned me that penny stocks are usually scams, dont go near them. So I kept away from IDID.

I read thro' all the ZE threads and was about to buy this, but I thought maybe I should wait for some kind of correction.

Well...I guess my ass was saved thanks to being burned in the past in some stocks that went up vertically. Anybody heard of Camnet? (CWKTF)
It shot up and crashed. Heard of FIBR? (osicom tech?) it shot up and crashed too.

After being burnt a few times, I've realized this: What goes up vertically can fall vertically. A real bull is one which goes up in a steep incline.

Another thing: If you see big blocks being purchased like the $10 million somebody was putting into ZE for the past three days, you can be assured of a nice correction when the guy takes profit.

Tomorrow'll probly be another down day. Good time to buy.

Good luck to all
Cadaver
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