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Technology Stocks : Ampex Corp: Digital Storage
AMPX 12.49+2.1%Feb 9 3:59 PM EST
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To: charles moore who wrote (265)8/22/1996 9:49:00 PM
From: Ben Woo   of 3256
 
Charles,

I agree with you that AXC is underpriced at this stage. Most posting that I have encountered on SI are of the type that the price of the stock should increase on leaps and bounds and the sky is the limit irregardless(sp?) of the fact that company earnings are only growing at a modest rate. Real earnings plus forecast predictions are what set the value of the stocks. The hype and speculators are what causes the wide swing in the price. The recent increase in volume and price will only attract more attention to the stock along with the rumors.

If you are in for a quick profit, then you need to keep an eye on these swings. Otherwise just sit back and wait until the end of the year and then count your gains. Still nothing wrong with cashing in on some chump change with these swings to go along with the long term investment goals.

Thanks for your input to my question. I wanted another opinion to see how it compared to my own assessment.

Ben
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