Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.56

-14.8%

Feb 5 3:59 PM EST

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To: jonggua who wrote (1746)	2/15/1997 10:34:00 PM
From: Scott H. Davis	of 3256

On the dangers of giving up too soon on a well researched buy & hold. I took a fairly large position on Applied Materials (AMAT) last year. and watched as the value sank, started to move up on expectations of a good quarter, the plunded on pessimistic comments in an otherwise great report. I finally decided to cut my losses at $35 (May 96?), knowing that it was a company with great long term growth, and extreamly undervalued (had a PE of 9 then). Lesson for me is that if your sure you;ve done a good job of research, don't let your gut churning churn your portfolio too soon (AMAT was $52 last time I checked) Scott

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