Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.15

-2.2%

Jan 15 3:59 PM EST

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To: Ed Perry who wrote (1292)	11/24/1997 2:21:00 PM
From: Stephen M. DeMoss	Read Replies (2) of 17679

Dear Ed, Thanks for your TA! I was hoping someone would enter the discussion who has experiance in that area. Keep updating as you find deviations or expected movements. I believe technically the stock is close to a rebound. Last year (at higher levels) at this time the stock was stagnant and made a VERY suprising pop. There is something to TA and Axc has followed some predictable patterns. Of late we are in a downtrend bouncing off 25/8. For some reason I still see one more low of 21/4 but no reason beyond watching the stock move to the lows of a given number and then bounce up very well and then retrace. I keep buying 500-1000 at a new low. Put it in at the bid and usually pick it up. I bought another 800 at 29/16 today. I do so because we dont know the bottom but I agree with you that technically we will get a bounce somewhere here. Thanks again! Sincerely, Steve D.

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