Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.17

-6.5%

Jan 23 9:30 AM EST

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To: mrvn t. martian who wrote (3294)	8/27/1998 6:06:00 PM
From: Stephen W. Leahy	Read Replies (2) of 17679

I don't know guys - my experience is that in a terrible market like this, trying to call a bottom on the same day a stock is making a new low on very light (historical) volume is a mistake. My guess, barring major positive news (and how often does that happen?) is that AXC will make its low below $1. We'll see a breakdown into a major market selloff when a large seller throws in the towel. The appearance of that seller will cause a spike low and then a quick reversal as he cleans up and buyers realize that was it. Taking a wild guess - a low at 3/4 on a high volume day with the close around 1 - 1 1/8. Hey, let's start a pool.

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