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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (2603)	3/30/1999 11:37:00 PM
From: DanZ	Read Replies (2) \| Respond to of 11568

DGN. Sue, I bought DGN for a trade and already took my profit in it. It's coming back into an area where I would buy it again. I held the Z's stock because I'm trying to cut down on the frequency of trades in that account and I think the stock is cheap based on fundamentals. A takeover would just make it go up faster but I think it will reach 20 on it's own later in the year. It's a very volatile stock and is a good one to scalp for 1/4s and 1/2s if you watch it closely. DGN reminds me a little of CIEN in that it goes up on takeover speculation and down on earnings fears. That tug of war creates a very tradeable range and a lot of volatility. Dan