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Technology Stocks : ZENITH ELECTRONICS

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To: Chris Alexander who wrote (348)5/9/1996 10:35:00 AM
From: Franco Battista   of 578
 
Buying at market, especially on the NASDAQ, is not very
prudent. The last time I did this was when I sold some
shares when the market for them was showing 36$. The market
maker gave me 30.50$ and the very next trade the price was back
up to 35.50$!!! I put in a complaint and we finally managed to
get 32$. The fact is I still lost serious money (1000 shares).
When you go at market you will get burned.

Chris I have read many of your posts. You remind me of myself
when I first started trading, I was very impulsive. I have since
learned that it is very important to be patient. There are
always serveral occasions to buy into something. If you want
ZE today for 17.50$ then call your broker and place a buy order
at this price. Chances are you will get filled during a short
bout of profit taking. If you don't get filled then put the
order in again tomorrow. If this does not suit your personality
then go in at the ASK price. At least you will avoid getting
taken by the MMs.
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