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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 12.44-8.4%Jan 30 9:30 AM EST
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To: Bleeker who wrote (1390)12/8/1997 4:48:00 PM
From: Stephen M. DeMoss  Read Replies (1) of 17679
 
I thought it was common knowledge as my broker told me matter of factly on 2 occasions. One was when the stock was around 6 and another when it was in the 3's. I guess I should have checked it out better if this is news to everyone. Anyone else aware of Merrill's involvement? My broker also told me that, unless I need a tax deduction, I should not sell Axc before year end. He says it will pop to above 4 after the new year. He also says Axc is cursed and unless they come out with announcements like or better than the Maxdor deal, we are stuck at the 4 level. He also says the balance sheet is very good so we should not worry about going out of business, just won't appreciate much<G>. Steve D.
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