Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.00

+8.4%

Jan 16 9:30 AM EST

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To: charles moore who wrote (1061)	12/24/1996 11:35:00 AM
From: Michael Brian	of 3256

When you really think about it, this is a huge Xmas present. The news comes during a normally slow trading week and price is not affected much. This gives us all a chance to fill our stockings to the brim with more AXC. What could be better than that! With respect to yesterday's occurrences, technical analysis shows that there is resistance at 11. This could be the result of standing sell orders at or near 11 by a share holder with a large position who is taking his (or her proits). If this is the case, then once that sell order is completed and if outlook continues to be positive, AXC shares should break this level and continue its upward march.

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