Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.10

-9.0%

11:57 AM EST

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To: Ben Woo who wrote (190)	7/23/1996 10:55:00 PM
From: Rafique Sheikh	of 3256

O so you are the one who has AXC and VMRX both, well here is what I feel about both ofthem: Axc is capable of going up or down 2-3 bucks a day. It should stay around 6-7 range for at least 3-4 weeks. With VMRX, it moves but due to its low price and a large # of shares outstanding (perhaps), it moves very slowly. However the thing to note is that if VMRX move a 1/2 point that's about a 25% gain for it while AXc has to move a buck at least for the same %age gain. Vmrx is not inactive, a lot of its shares are traded everyday. Last week it went from 3-13/16 to 3, and then back to 4 again. It is down to 3 again, and if it goes back to 4 again ( which I am hoping it will) we can see a pattern developing. Then what I plan to do is buy around three sell around 4 and by doing this about three times I can make up all my loss. Of Course that's all speculation, but that's the kind of investor I am, I don't have much patience. Axc is down to 6-1/2 again, but I see it going to 5-1/2 and then back to 7-1/2 again by the end of this week. Good LUCK. Also check out NEOPW, you might like it. Rafique.

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