Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 8.730

+10.7%

Jan 2 3:59 PM EST

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To: Mary Beth Ford who wrote (2921)	7/6/1998 1:13:00 PM
From: Ed Perry	Read Replies (1) of 17679

>> That was the most enthusiastic, positive letter << Agreed, and notice how little this news item as well as other announced items of the last two week has had on AXC pricing and activity. I consider this to be a excellent response. If effect, as far as shorter term market and momentum players are concerned, Ampex is "out of the loop." This is great for now, since these players represent potential buyers who will be available to step up and make purchases at a later time. Imagine for the moment the bouncing about that would have occurred on even whispers of rumor for stocks which are "in play." Presuming the fruition of Mr. Bramson's business plans, and I have every reason to believe that on balance he will succeed sooner or later, then what we are witnessing is the likely bottom of AXC pricing in this cycle. Incidentally, this quiet period (in relation to the announcements) is the best time to initiate buying programs. Having stumbled onto this one (averaged down from $3.00 to $1.75 - Avg. purchase price $2.37 for me) I would like to develop a formula to screen for others like it. Ed Perry

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