Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 13.03

+7.8%

Nov 5 3:59 PM EST

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To: Ken Holbert, Jr. who wrote (3059)	6/10/1997 12:09:00 AM
From: Stephen M. DeMoss	of 3256

Bramson selling confirms to me that my two brokers are correct. The big moves in Axc will come at the earliest September, possibly by the end of the year but definately by next year some time. When any board interprets inside selling as anything but negative, you have to assume we are not being objective. I think the price appreciated because of the presentations being made this month, the oversold position of the stock, a generally bullish environment and maybe the problems of Seagates, Read rite's etc. Because I felt that this move was another 'fake out', I bought back my calls and sold the stock in the low 7's. With the sale of stock by Bramson, and barring any news (which I would be suprised at at this point with his selling), I see the stock moving at least to the low 6's and if we have a general short term market consolidation, it could return to the high 5's. I hope for everyone on this board that it is not the case. It just seems that this stock will be a trading stock until its final breakout. It never ceases to amaze me how directors and officers choose to sell their stock when momentum is finally building....Steve D.

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