Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.05

-4.4%

2:30 PM EST

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To: Ratan K. Choudhury who wrote (203)	7/24/1996 2:09:00 PM
From: Michael Brian	of 3256

Although AXC reported earnings of $0.09, surpassing consensus earnings estimates of $0.07 by $0.02, the market still responds with a drop. Go figure; I'm sure that's what many others holding tech stocks are also doing. Market supossedley was heading south due to bad earnings reports expected. Well lo and behold we've been getting good and great reports and its still heading south. There are alot of investors out there who are sheep. This damn bi__h gets on CNBC yesterday and says we're heading for another crash and just like that everyone panics. One investors panic though is anothers buying opportunity. I'm also holding Boca Research (BOCI); they reported yesterdai 50% increase in sales and about 20% increase in revenues and still it droppoed a point. Could it be that the big boys are trying to improve their buying opportunities? Anyway, at or near $7.00, AXC is still a steal. Just hold on and enjoy the ride!

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