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Technology Stocks : ZENITH ELECTRONICS
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To: WebNoise who wrote (264)5/8/1996 4:03:00 PM
From: Franco Battista   of 578
 
The stock had risen way to fast on Monday. ZE needed
to fill all the gaps it left on its one day 7 point
rise. This is now done. Did you notice how it went all the
way down to Friday's close before started to rise again.
ZE should progress more slowly now, however, if the volume remains
high we will continue to see big pops. This stock will be news
driven in the short term. Another good press story and we will test
the old closing high.

I believe many of the short term investors have sold by now. ZE
should now be owned mostly by people who are willing to ride out
a few bumps while they wait for fundamentals to show. I also agree
with your analysis that some big boys bought in during this
panic selling.
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