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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

1007.0. "Zenith Electronics" by SHOGUN::JAMBU_S (Skating away on the thin ice of a new day) Mon May 06 1996 19:22

    Any scoop on Zenith Electronics (ZE)
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1007.1CSCMA::BALICHMon May 06 1996 20:167
    
    In all honesty ... I think you (and all of us) have missed the boat on
    this unbelievable run-up.   This stock was 6 1/4 a little more than a
    week ago, closed today 23 1/4 or so.  I don't think it has much further
    to go since its not making ANY money.  All this hype is because its
    working with US ROBOTICs and now everybody thinks it a internet play.
    
1007.22155::michaudJeff Michaud - ObjectBrokerMon May 06 1996 22:2211
	.1 is correct, it's being considered an Internet play.

	The reason is the company has developed a high-speed modem for
	use over cable TV lines.  I believe it's not just uni-direction,
	but bi-directional also.

	I've been bit once before trying to catch a stock that was going
	up like this, and once was enough.  Investing in Zenith right at
	this moment I'd considered high risk (though it is a NYSE issue
	I believe, and one could probably min. loss with stop-loss order,
	or watch the stock VERY closely).
1007.3It's crazy man2155::michaudJeff Michaud - ObjectBrokerTue May 07 1996 03:456
Symbol: ZE (ZENITH ELECTRONICS CP) [NYSE]
Last Trade: 22 7/8, Change 7 1/8 (45.24%) at May 06  5:01:38
Low & High: 16 5/8 & 23 1/4 (spread 6 5/8)
52 Week Low & High: 5 7/8 & 15 7/8 (spread 10)
Volume/# of Trades: 1275600 / 1462 (872 shares/trade)
Market Cap: 365.00, Beta: 1.32, EPS Growth: 5.70
1007.4U.S. Robotics connectionMSBCS::BMORRISONTue May 07 1996 14:355
    U.S. Robotics was mentioned in this string. I just got out of
    my U.S. Robotics position after I made a good $35 per share gain
    in the last month. Perhaps I got out too early.
    
    
1007.5up again and down again SHOGUN::JAMBU_SSkating away on the thin ice of a new dayTue May 07 1996 19:386
    Well it is down $6 today...
    
    >> crazy man
    
    Sure is!
    
1007.6SHOGUN::JAMBU_SSkating away on the thin ice of a new dayTue May 07 1996 19:404
    out of curiousity what is a stop loss order on NYSE 
    pardon me if it is answeres somewhere else...
    
    suresh
1007.7PCBUOA::KRATZTue May 07 1996 20:5210
    Stop loss: suppose you jumped on the bandwagon and bought Zenith at
    $22, but were worried about it dropping suddenly (like it did).
    You could have put in a "stop loss" at $20, for example, that limits
    your downside risk.  If the stock went below $20, like it did today,
    theoretically you would have sold at $20 (or $19.something).
    
    Note that this doesn't always work as intended... overnight news
    such as a rotten earnings report issued after the market closes can
    cause a stock to open the next day well below your stop loss.
    K 
1007.8TALLIS::KOCHKevin Koch TAY1-2 DTN227-4043Wed May 08 1996 13:596
>    You could have put in a "stop loss" at $20, for example, that limits
>    your downside risk.  If the stock went below $20, like it did today,
>    theoretically you would have sold at $20 (or $19.something).
    
     A stop loss order is converted to a market order when the price is 
reached.  There is no guarantee of the price you will get.
1007.92155::michaudJeff Michaud - ObjectBrokerWed May 08 1996 15:1213
>>    You could have put in a "stop loss" at $20, for example, that limits
>>    your downside risk.  If the stock went below $20, like it did today,
>>    theoretically you would have sold at $20 (or $19.something).
> A stop loss order is converted to a market order when the price is 
> reached.  There is no guarantee of the price you will get.

	.7 said that (in the 2nd P which you didn't quote w/the 1st P :-)

	In any any case, there are two kinds of stop-loss orders, stop-loss
	market orders, and stop-loss limit orders.  The latter turns into
	a limit order when the stock price drops to the limit price.  This
	gives you a guarantee of a min. price, but with the higher risk that
	you'll not get an execution.
1007.10up $2SHOGUN::JAMBU_SSkating away on the thin ice of a new dayTue May 28 1996 17:592
    up $2 today after taking a beating for a couple of weeks
    
1007.11Stock up 50% in one day today2155::michaudJeff Michaud - ObjectBrokerFri Aug 23 1996 02:0122
.-1> up $2 today after taking a beating for a couple of weeks

	People, come on.  Don't give relative price quotes w/out also
	giving the absolute price.  2 1/2 months later and now your
	note is useless!

	Now back to the topic :-)  As I warned in .1, this stock appears
	to of given back most of what it gained since this string
	of notes were written.  Well today it's in a simliar position
	to what it was in when .0 was written.  Either they announced
	or the rumor is that they have a $3B deal to provide a very
	large number of their TV top units for something or another.
	And they also announced they will be building a new plant to
	build very large picture tubes (guess they don't believe flat
	screen tech. will be here anytime soon :-(().

Symbol: ZE (ZENITH ELECTRONICS CP) [NYSE]
Last Trade: 16 7/8, Change 5 1/2 (48.35%) at Aug 22  4:00:38
Low & High: 13 7/8 & 17 (spread 3 1/8)
52 Week Low & High: 5 7/8 & 25 3/4 (spread 19 7/8)
Volume/# of Trades: 5491600 / 1364 (4026 shares/trade)
Market Cap: 722.00, Beta: 1.11, EPS Growth: 25.70