Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.98

+3.4%

Jan 28 3:59 PM EST

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To: Gus who wrote (1382)	12/5/1997 8:57:00 PM
From: Walter R. Roche	Read Replies (1) of 17679

looking at the chart for the last 5 trading sessions this equity looks like the long term slide it was in has finally found a a level to rest on. Horizontal movement would not be bad but actually a signal to buy 2-3 weeks from now. Dead money is a risk but for buy and holders I believe that 2.25 is the downside risk. Risk-Reward is very favorable. At this point valuation, and fundamentals should support this stock and downward technical momentum has eased. I do not expect any appeciable gains with out any favorable news. At this point the end of the keepered program, and even the Mitsubishi lawsuit would benefit the stock price.

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