Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.98

+3.4%

Jan 28 3:59 PM EST

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To: proud dad who wrote (803)	12/5/1996 4:31:00 PM
From: Stephen W. Leahy	of 3256

Phil, I thought we had a good chance to get through the recent high of 11.375 but just as AXC was making a high today at 11.125, the market started to sell off and AXC went with it. The unemployment number comes out at 8:30 am tomorrow and that has people nervous and helped cause the bond market sell-off. BTW, it was mentioned on the Fool but not here that Red Chip posted an update yesterday on AXC. On Monday (12/2) I received the new issue of Red Chip with an AXC update which suggested that AXC was ahead of itself based on rumor, speculation and momentum players. But yesterday Red Chip reversed itself and posted an online update referring to the S-3 amendment and saying a keepered order looked close at hand and wouldn't be surprised if AXC exceeded its $12 price target before the next regular update in February.

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