Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.34

+3.2%

2:11 PM EST

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To: Sal Davis who wrote (3478)	9/21/1998 11:59:00 PM
From: Ed Perry	Read Replies (1) of 17679

You Read It Here on Silicon Investor! In looking at the daily graph I am am acquiring a sense of amazement at what may be unfolding in front of me. The "script" calls for a drop in volume to occur before the next event. Take out that 25k+ block and we have a daily volume of 30,000 shares. If this continues for several more days and or weeks then this symptom is complete. The daily also is right up against a trendline connecting the highs of (approx.) May97 May98 (use an arithmetic scale - appropriate for a low priced stock). Even if there is only sideways drift, the weekly is only weeks away from intersecting a trendline through highs of May 96 (pick 14) and Dec 96 (pick 11.38). Relatively speaking, these "long term" trend lines are supposed to have forecasting significance. If volume continues low to choppy, (de-emphasize price meanders at the moment - it could be the time of day the orders are bunched) then this is it. I'm saying that volume will give the clue to the movement in price. Ed Perry

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