Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.17

-6.6%

Jan 23 3:59 PM EST

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To: Mary Beth Ford who wrote (2947)	6/3/1997 12:19:00 PM
From: giles	of 3256

Mary Beth, I can't give you any other advice but hang in there. There's a fair chance, those calls will be worth something next month or much sooner. A complete novice, I bought some AXC July 7. 5 calls last week very expensively,. (30 at 3/4) only to watch them fall immediately to 1/2 their value. I bought because of the stock being on the Insider Trader's recommended list. He wrote a very very exciting blurb on AXC w/ prospects of royalties, new technology, etc. I got very excited and bought those calls at the open and without exercising any restraint. Hopefully, it will pan out for both of us. By the way the Inside Trader, Jon Moreland, added AXC to his list of BUYS on 5/18 atthe priceof 5 3/4. He had a column in the Individual Investor for a while where his stock picks averaged a double. He had recommended PACC at 10 a few weeks ago. I was looking at it at 8 but didn't buy. Now it's over 14. I still own none. He has some other stocks on the list but after PACC, I liked AXC. All thiese recommendations really should help boost the stock. Good luck to both of us. Giles

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