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Technology Stocks : Ampex Corp: Digital Storage
AMPX 12.44-8.4%Jan 30 9:30 AM EST
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To: Michael Berkel who wrote (684)11/22/1996 5:48:00 PM
From: Madharry   of 3256
 
1. I don't want to discourage anyone from posting information on this thread that they feel is useful but I went through the AOL threads on Thursday to try to understand what happened and they were of no use to me.

2. I don't think that this is a stock that lends itself to understanding fundamentally. In the absence of contracts and significant revenues you either share the confidence of management or you don't. My experience has been that CFO's do not like to risk their own money unless they have a sure thing. So for now I'm betting with the CFO, but I have no illusions that this investment is based on fundamentals that I am knowledgable about, and I certainly don't believe that the stock went up based on the reccommendation of a brolerage firm that I never heard of until Thursday afternoon. My guess is that there is a deal in the works. I believe the company's language was that they have made no announcement that would account for the increase in the share price, that is certainly true, but the stock is still holding up pretty well, so I guess there are enough non-day traders holding it through the weekend. I'm much more optimistic today than yesterday that something real is going on here. I've been underwater for several months so what's another one or two.
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