Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.22

-6.3%

1:04 PM EST

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To: Alan Cassaro who wrote (5525)	2/16/1999 1:20:00 PM
From: Michael Olds	of 17679

Al, I'm here so I'll say some words on ya. I have confidence in my view that Ampex was undervalued, is still undervalued without any consideration for the TVontheWeb business. That adds a little on the spec side. So for me a pullback represents another chance to get in cheap. As with the broader marked for the last ten years, it's a buy the dips thing. Remember, there is someone buying out there for everyone selling. Those selling are the ones who have entered without confidence and are frightened at any downswing. That's the "moving from weak hands to strong hands" idea. When that happens, that means that there is just that much less stock out there that will bolt at the next upswing which makes the longer term bulls happy.

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