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Technology Stocks : ZENITH ELECTRONICS

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To: Mr. Aloha who wrote (251)	5/8/1996 6:12:00 AM
From: Chris Alexander	of 578

Bryan Buck, to me it just isn't worth the downside risk to gamble that it will be back in the 20's soon. Although I wasn't thinking clearly about this, I bought 200 at 4 time the price the stock was trading at 6 or 7 days ago. Watching to day-long steady relentless dive down; I realized that this was settling down to potentially 12. That still would be a 100% rise in less than 2 weeks. I also was thinking that the severity of the dive today was such that it was bursting the bubble of optimism wide-spread and ZE was going to lose tremendous momentum from the degree of pessimism that would overtake it. I was figuring that if it was say down 3, then people could say; "Oh, this is just a mild correction from the big jump on Monday.", but when it got to 16 7/8 or so, I knew this was a devestating psychological setback for ZE momentum. If the volume drops off, ZE would settle in at 12. What I found so devastating in the New York Times was the estimates for how long before product was expect to market. This was different than the impression I had. Long in AMTX which was another bummer for me, but since I am still up on it, I didn't sell. Chris

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