Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 12.09

-10.9%

Nov 4 3:59 PM EST

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To: Sean who wrote (3077)	6/10/1997 8:58:00 PM
From: HPilot	of 3256

I might be wrong about the time but I think it is 30 days before a 10Q or earnings report or anyother information management is required and knows it is going to report. Actually I think it is even longer for the 10K. Obviously if something unexpected happened they would have to report it regardless. The effect of this is that he has to sell in several time windows. I think this is probably the first window with a whole month and as Hal noticed it was after the retroactive capital gains. As you know you pay gains on first stock in first out basis. So that is stock which he probably paid $2+ for. As Gus pointed out the intrest is larger than his salary, although I am sure it and Ampex stock is not his only income! He sold more than the intrest due. So maybe he needs to buy a new house! Or maybe he knows no significant news will happen soon and he is doing a wash sale. Sell now in hopes to buy back in at a lower price.

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