Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.00

+8.4%

Jan 16 9:30 AM EST

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To: Ken Holbert, Jr. who wrote (1266)	11/20/1997 5:43:00 PM
From: Wayne Umfleet	Read Replies (1) of 17679

Ken, >>.... I see Ampex going even lower in the near future.<< One thing is for certain, you can't go against the trend, and AXC is on an ugly trend downward. I think all of us hope that AXC will establish a base here, but who knows what will happen? Every time I think it has leveled off, it moves down further; I suppose due to tax-loss selling in combination with a lack of any new exciting developments out of the company. The market is short term inefficient, and frankly, at this point, I believe we have a tremendous opportunity before us, which I am taking advantage of (I am at 65% of my goal to achieve a full position in AXC by year-end). The lower the price goes, the more shares I will get for the money. Best of luck, Wayne

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