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Technology Stocks : Ampex Corp: Digital Storage
AMPX 12.44-8.4%Jan 30 9:30 AM EST

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To: jonggua who wrote (1046)12/23/1996 3:17:00 PM
From: Rick Kunz   of 3256
 
I'm not a technician, but it seemed to me that the volume spiked at open because of the delayed open, and seemed to be pretty steady after that rather than drifting downward. My thought on it was that it's a slow week (tho I haven't looked at volumes on the broader indices), and a prototypical AXC laid-back move.

I increased my position today; I'm not convinced that all the good news was already in the $10.50-11.00 price, there's lots more room to go up.

Rick (still holding the 100sh I bot on the pink sheets too! <g>)
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