Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.10

-9.0%

11:57 AM EST

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To: Michael Brian who wrote (215)	7/24/1996 5:11:00 PM
From: Richard Spitzer	of 3256

To all: It appears to me that Rafique is a trader, not an investor. Nothing wrong with that, I don't mean anything derogatory, it's just his style. So earnings and growth mean little. If you can time the daily ups and downs (which I can't), then go for it. Now the way I see it, I have AXC which exceeds estimates, CYTO which got their drug approved by FDA Tuesday, TLTK which is growing beautifully but has a lousy PR department, MTCI which has great potential and tons of underlying accumulation, and some other holdings. And they've all gotten trashed. Why sell and give up? If you feel your investments are sound, try to ignore the stock price when the market goes crazy. I sold Bay Networks in the mid 30's after they "only" exceeded the street by a few cents and the stock plunged. After a few weeks, it shot up to the high 50's and split. Good luck to all of us.

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