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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 12.24+15.7%Feb 6 9:30 AM EST

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To: Peter van der Pas who wrote (677)9/17/1997 12:32:00 PM
From: marie fouchia   of 17679
 
The stock price sure looks mighty cheap right now. Last time it was at 4 1/2, it popped up to 6 3/8ths in 2 days--and since has drifted down to the low 4's, but at very low volume the last few weeks. Then today, less than an hour ago, volume picked up, and the bid size has begun to be higher than the ask. It looks ripe for a breakout one way or the other--I'm banking on a reversal and a trend to start upward. Since I'm such a gambler, I just bought 4000 at 4 1/4, trying to guess the bottom--not the best policy, but I figure the risk/reward ratio looks very appealing at this moment. Hope I'm right, GOOD LUCK!! Marie. (PS looks like I jumped in too soon--right now is the low of the day, and looks like more buying now.)
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