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Technology Stocks : Ampex Corp: Digital Storage
AMPX 11.59+6.4%3:59 PM EST

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To: salim salloum who wrote (2371)3/19/1997 6:34:00 PM
From: Buzzy   of 3256
 
There is only 2 things thar could move this stock forward.

1) An institutional investor
2) An anouncement by the company ( not gonna happen)

For those of you who bought options, try buying a leap, if available
For those of you who bought on margin, cover what you can and keep
the rest

These market makers have no conscience, and they have
accumulated a lot of shares during the last few weeks. I can only speak
for myself, I WILL DIE WITH MY SHARES, and if you sell yours or are
forced to sell yours under a margin calll, then I will buy some more at
your expense. The people that put stop losses in at 5 /3/4 and the stock
trades at 5 1/2, and you are out, too bad for you. The market makers
can do whatever they want, but they can't change earnings, so I'm here
to stay. We have our own TA guys watching our stock, and we have
Gus, who really knows whats going on, and while we are waiting for
WDC to sign the next contract, he tells us its IBM.

very long axc


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