Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.93

+7.7%

12:03 PM EST

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To: Ken Holbert, Jr. who wrote (1271)	11/24/1997 1:21:00 AM
From: Ed Perry	Read Replies (3) of 17679

AXC - TA I jumped on at 2 11/16 - 3 for the first purchase. Noticed what may be a selling climax from roughly 11/6 to 11/17. Notice the pickup in volume but with relatively less down price movement. Shares are now passing from one mindset to another. Worden Bros pickups up good TA signals at this point. Candlesticks show a lot of "hammers" and short black candles (but long white ones) at this point also a tower. These are telling when they occur at the end of trend. Equivolume shows three clunks down to 2.63 since Oct 27 (the candlestick towers). I would say a rally to 5 3/4 between the end of Dec and into the new year. There will be enourmous resistance from there on up. Much will then depend on the fundamentals. Will earlier holdouts continue to hold if they see brightening prospects or will throw shares to try to get even? Watch the news on the way up in relation to the price movement. One other thing to watch for. When the news is all bad, the story terrible, the customers and shareholders totally disgruntaled then it is time. It also helps at this time to look at what the corporate insiders are buying or selling (bless their little hearts).

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