Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.84

+2.2%

3:34 PM EST

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To: DAVID C who wrote (1330)	1/20/1997 2:33:00 AM
From: majander	of 3256

On the point I made about being a bit bearish(short-term), this is because the total volume is in a downtrend which leads to less price support as it passes through the 50 day MA trendline. My belief that if there is no support at the point where the price moves down through the longer trend and does not rebound, then there is a technical breakdown. Howvever, this cannot be construed as a bearish sign if there is decreasing volume. n other words, it is just DRIFTING. Then again, maybe this is because people are waiting for the BIG NEXT CONTRACT! This is probably the best scenario. So, I am bullish as for the long term(PENDING EARNINGS meet/beat expections). john anderson

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