Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 12.73

+13.1%

Nov 7 9:30 AM EST

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To: Hal Campbell who wrote (17596)	6/12/2005 3:22:25 AM
From: Amboy Charlie	Read Replies (1) of 17679

Hal, I respectfully disagree and here is why. First, the year's results minus the outstanding debt have already been priced in. Second, following the keepered media fiasco, it has risen on big news, rather than rumor for as long as most of us have been in it. Small news causes a sell off, which is how it got back to the lows it hit twice this year. Institutional memory probably has a lot to do with that. Why buy a stock and wait for months for an uncertain result when you know you can buy news and easily double or triple your money? Third, while there seem to be no active sellers at this price, the buy side volume is drying up. We might get a bounce when we go on the Naz, but if it hits $53 again it's just as likely to drop back to thirty or lower as the traders take their money and run.

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