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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 (1092)12/29/1996 7:53:00 PM
From: HPilot   of 3256
 
Your obversation is astute (spelling?). We are in a handle of a cup and handle formation and the price pattern is typical for a stock which Wall Street hasn't made up its mind yet. Note also that the stock hasn't dropped in three days with low volume. Opens up moves to 10 and back down again. I expect the stock to move up a little next week and more on 6 Jan when Karen of IR can answer some questions. The editors of Individual Investor have stated this to be a problem on the II web site.
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