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Technology Stocks : Ampex Corp: Digital Storage
AMPX 8.270-3.0%Dec 26 9:30 AM EST
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To: bits who wrote (2122)3/6/1997 6:45:00 PM
From: Jack Sman   of 3256
 
You poor, floundering investors that are holding out for a change of direction, take courage. You have another gullible soul in your midst. I have been holding AXC for almost a year and NO I am not looking to sell.

I bought IPMCF Jan 28(97) @ $6. Two weeks later it went to $4. Pretty scary! But I had confidence in the management so I held. Don't feel sorry for me, it closed today at $13.75

I could go on to mention a dozen stocks that have treated me this way. While there is no guarantee that any stock will recover from a sell-off, as long as the management and product (or service) are worthwhile, there is a good chance that it will.

What I don't understand, is why would someone without an interest in a stock go on to a thread and trash it? That is not how I spend my time. If someone has a piece of info that is negative on a company, it makes sense to post it. But to return over and over to a thread that you have no interest in is a waste of time. Everybody's.

Anyway, what I am saying is that if I bailed every time that one of my stocks went down, I would be a poor man. And so would you.

As a disclaimer, I should add that with certain stocks I'll keep a trailing stop as they go up to lock in some gain. AXC is priced in the BUY ME, BUY ME range. IMAO
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