Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 14.36

-2.2%

9:38 AM EST

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To: Swamp Fox who wrote (3160)	8/5/1998 1:08:00 PM
From: Ed Perry	Read Replies (1) of 17679

<< I'm hoping for 15 in 12 - 18 months. >> That was some big block (200k) at lunchtime. Worth about the sum of the last 4 1/2 days total volume. However, notice how easily it was taken in stride. Price before (I presume sale) was 1 9/16 and after 1 1/2 - only 1/16 to accommodate this! I'm impressed. It remains to be seen what the afternoon brings. This is a good test day of AXC's internal market strength. I don't have the resources to "test" a market this way but I can certainly watch. My hope is after the publishing of a full quarter's MicroNet and Ampex combined financials and the rollout of the new product line (including glossies and trade press reviews) then an easy $4.00. Depending on what else is in the pipeline, there is the possibility of a more full valuation at about 7 to 8. I'm basing on Insider Trader's valuation and also the historical record of support resistance at this level. Six to nine months seems reasonable. To go beyond into lala land, I would look for a rapid run up in price accompanied by sustained volume increases, significant percentage price appreciation relative to the extent of the base (or multiple bases) build and finally glowing earnings and revenues announcements. When two or three of these events become evident it will be time to head for the hills. I would give it a time frame of about two to three years. Why say these things now? Who would even read this at that time? It matters very little. Ed Perry PS: what I really like about this one is that even if our hopes are unfounded and we are disappointed in our forecasts then in two to three years we will be selling out the line at 3 1/2. However, we will all have acquired more experience.

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