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Technology Stocks : ZENITH ELECTRONICS
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To: Jim Privat who wrote (255)5/8/1996 6:33:00 AM
From: Chris Alexander   of 578
 
Jim Privat, (by the way I like to open with the person's name like a letter), I am glad that you think that I am a "classic", I do feel like a Coke bottle is lodged somewhere inconvenient. I want to take issue with your summation of my experience since I know better what that experience was being my own! I was in 200 long at 10 and would not have been shaken out by a correction. I understand how traders run stocks up and down; I know all of that. Today, I felt connected to those traders minds and I "knew" what was going on. I realized from experience that by noon, the stock was down to stay. What caused me to sell was that I realized based on volume and trades versus the clock that ZE could be going lower. It was up 4 times its value. The correction could be more than just Monday's run up. Gambling that it would go down further and with the number of shares I had in play, I was better off selling and attempting to pick up more under 17 1/4 today. I may not be able to; that is the risk. It may recover and I will miss out on an opportunity; that is a risk. I at least have not lost one penny on ZE and so it really is meaningless in the long run. I hope I am back in today and I will join you all in the future long run up. As far as saying I didn't research this company; you are really off base on this. I will not detail the extent (which was great) concerning my research. I even talked to two V.P.'s at Zenith last week. For my reputation, really Jim; get YOUR facts straight! Chris
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