Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 13.15

+9.8%

2:02 PM EST

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To: Milt Best who wrote (1857)	2/20/1997 10:29:00 AM
From: Brian Benton	of 3256

This is a very common occurrence. AXC is still trading in the same rectangle as when the stock was at 11 1/8 in December. Now trading is occurring in the bottom of the rectangle instead of the top. Gradual declines in price on low and declining volume is a telling sign that the stock is changing hands from the weaker investors to the stronger investors. The stronger investors are gradually accumulating the stock while "jumpy" weak individual investors as well as some of the less informed institutional investors are slowly dumping stock. AXC has yet to break its support line. When and if it does, you will know it. Brian Benton

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