Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 12.56

-7.4%

11:54 AM EST

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To: papa bear who wrote (3134)	6/14/1997 12:05:00 PM
From: HPilot	of 3256

Ron, I follow several systems and MACD gave a sell signal several days ago. I have sell signals on several systems Thursday. My computer was practically playing Dixe so many systems and studies were giving sell signals. I have sold most but not all of my AXC. OBV does look good long term. Not going down as fast as it went up. But you should know one system I use is a MACD of the OBV. It usually leads the MACD of the price but in this case it is barely over the zero or buy sell signal. If the stock moves down even a little bit Monday it will give me yet another sell signal. Also we have an inside bar Friday the last one was Wednsday and it was followed by a moderately high volume down bar Thursday. Inside bars indicates indecision in the market. But the recent trend after inside bars should be considered. Lately the stock usually goes down after an inside bar. You should know I have also bought puts on Ampex. But I wouldn't mind taking a loss and buying back Ampex above where I sold it. I am long term bullish on this stock. Holding would be safe. I still think we will see 15 by the end of this year!

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