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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 10.90-2.4%Jan 26 3:59 PM EST
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To: Ken Holbert, Jr. who wrote (1159)11/6/1997 9:47:00 AM
From: Glenn Perry  Read Replies (2) of 17679
 
Ken- I, for one, believe your patience will pay off in the end. The downside risk in AXC, at these levels, appears minimal. In fact, this may be the best time to pick up shares - though it may drift somewhat lower due to tax-loss selling. Eventually, I will put more money in Ampex to get more shares and average down. I think we may see the mid to high $2's before years end, but it won't stay there for long. That would trigger my buy signal. Within a year, Ampex could hit $6.00 again, essentially a 100% gain from these levels. That's just my opinion, though.
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