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Technology Stocks : ZENITH ELECTRONICS

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To: Sabrejet who wrote (361)	5/9/1996 4:22:00 PM
From: henry andrews	of 578

Hi Rick, Thought I would keep my word and let you know how it went. Well, I shorted again this morning at 19 3/8. I still have my equal buy at 15 7/8. Since the stock did not surge the short is still active. Overall spread is 3 1/2 points at 10000 net effective shares. Total protected gain is $35,000. My Monday cover loss was $15000.00 and the cover yesterday cost $8750.00. Overall loss so far is $23750.00 not including the broker charges of $280.00 Expected gain at this point is approximately (35000-24000) $11000.00 with the strategy. Not a really good week, got caught by surprise. Respectfully, handrews

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