Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.80

-3.2%

3:59 PM EST

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To: Ken Holbert, Jr. who wrote (2718)	4/30/1997 10:20:00 PM
From: WAI	of 3256

Ken, Why do you say it broke the support at 5 1/2? It never traded below that (according to the couple quote services I check). In fact, it has touched 5 1/2 a couple of times over the last few days, and I was beginning to speculate that there is a large standing buy order at 5 1/2 (not a bad idea, perhaps). Low volume makes this hard to confirm I guess. How far back do you have to go to find trades at less than 5.5? Would you expect this "support" to persist for this long? By the way, Gus mentioned months ago a conference where an Ampex engineer (Coughlin I think) and others presented a technical paper on KM. Papers from this conference should come out soon, and if Coughlin et.al. elected to write up their work, we may get some more insight into what's going on technically (technologically, that is, not TA). I'll post one way or the other as soon as I see the journal. Best, William

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