Ampex Corp: Digital Storage Message Board

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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: Forrest Coile who wrote (708)	11/25/1996 12:38:00 PM
From: Wayne Umfleet	of 3256

All, Well, I just thought I would throw in my 2-bits here, with AXC price and volume down from its highs of the last couple of sessions. It was very tempting to sell half my position once I saw a loss of support on Friday, in hopes of capitalizing on a subsequent drop in price. After reading the posts from this board and the Motley Fool board, both of which I find valuable, I chose to just hold on and just ride it out. A couple of things influenced my decision: Does anyone honestly believe that there isn't going to be some kind of keepered media deal? I absolutely believe there will be; how big and when will we hear about it is the question. The huge volume on Thursday & Friday was not driven by idiots. I am reminded of the adage: Fool me once shame on you; fool me twice, shame on me. The big money isn't jumping into AXC again without knowing more than what they knew last time we saw the big upswing in June. IMHO, any setback we'll see in AXC the next few sessions will be temporary. Best of Luck, --Wayne--

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