Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 12.33

+0.9%

2:16 PM EST

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To: Hal Campbell who wrote (3108)	7/31/1998 12:36:00 AM
From: Ed Perry	Read Replies (1) of 17679

Only guessing, but all those extra funds and all that liquid capital along with the silent treatment from the Castle must mean that one hummer deal is in the works. The problem is that these deals can take a long time and they can even fall through. Meanwhile back in the village, price levels are now at the point where one can dollar average, like for a penny stock, and build a surprisingly large position. Do you realize that things like cutting back on lunch, skipping the newspaper, opting for Roy Rogers instead of Monseur Rogee and at the end of a month you could add another 500 shares. Wow! But, look at the balance sheet behind this penny stock. "Oo la la." The TA's are showing 10 days down which is something like tossing 5 heads on a coin in a row. The long term shows a withering decline which I am sure is deliciously discouraging to most (who won't bother to think it through). Read the stuff on Yahoo. You can visualize the steam coming out of the postings. Near term, absent any juicy news, the prognosis is probably more of the same. If this continues into September / October then tax loss selling could really hammer the price still more. Meanwhile, like we have all heard at one time or another "Keep Your Eye on the Ball." I think I may start walking a lot more. Let's see. Gas is at about $1.25 per gallon .... and I get about 13 that is .. how many? Ed Perry

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