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Technology Stocks : Ampex Corp: Digital Storage
AMPX 13.57+13.3%3:59 PM EST

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To: Richard Spitzer who wrote (795)12/4/1996 11:13:00 PM
From: jonggua   of 3256
 
I agree. I think, due to dull witted, impatient speculators, that AXC will drift down one more time (at least) to the 8-9 range, due to lack of news. AXC does have one company actively negotiating final terms from the sound of S3, as previous poster said, but their successful MR test possibly put everything on hold as they're contemplating a whole raft of signings, probably all at once, or at least several at once, and let the others trickle in. I think, due to AXC's desire to negotiate now with strength in MR, that they're the ones holding the cards, so a few weeks or even a couple months won't matter.

Buy more here and lower by the fistfuls!!!

I've said before and will say again, if CEO Bramson found $2.4 M in borrowed money good enough for him in AXC stock, we all should be loading up as well, certainly in the single digits. I was going to buy more today at 9 3/4 and missed it while in lunch. I think it could dip even lower soon on plain impatience- but not for long! Last year the Magic 25 list had some stocks make immediate major moves- ACT networks went straight up, as well as Prins for a 67% leap in the immediate days following publication. AXC is a shoe-in for mention. Get your last bets in soon.
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