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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 14.09+14.6%Oct 31 9:30 AM EDT

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To: Amboy Charlie who wrote (17617)6/14/2005 9:00:44 PM
From: Hal Campbell  Read Replies (2) of 17679
 
not real sure we have any of those "analysts types" here, Charlie (Axxel where are you?).

Seems to me the two times earning we are presently at must be based on the lump sums

That's based on last years mammoth lump sums. Of course they will be considerably different. So far this year they have 18.5 in lump sums+ I forget what recurring was in the first quarter..... and the royalties receivable line suggested they'd get around 5.9 million (I think it was) recurring in this quarter. From that they have to deduct various costs...one of the largest is mounting legal costs. PE for this year right now is hard to call.....my guess is around 8....I think West would have it at 10 or 11.

which may help explain the failure of the recent breakout.

Hmmm. Failure already, eh? Maybe but in 18 trading days the stock moved from 29.1 to today;s close of 39.8. That's a 37.1% increase. In 6 of those days besides this one the stock declined. Did the rally from 29.1 "fail" because it declined for a day along the way?

Again very possibly, but it would take a couple more days of decline to convince me of that. We'll see.( what in the hell am I arguing trading moves for?...I have NO idea what a stock will do hopping from day to day)
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