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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 11.27-9.1%12:01 PM EST
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To: CompJock who wrote (3185)8/6/1998 2:01:00 PM
From: WAI  Read Replies (2) of 17679
 

Thanks for the IR update. With all the talk here lately of the
amount of cash on hand, we've failed to observe (or remind ourselves,
since it's not new info) that we are investing in a company with
negative shareholder equity.

I'm about to go back on an earlier promise not to average down
again, but I'm waiting for a sign from the market (or God, whichever
comes first) that the slide is over. Still with the bid at 1 5/16,
the bid size is only 35. Not an indication that this price is the
bottom, from my naive perspective. I know that anything goes when
earnings come out.

Best luck to all, especially to me,

William
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