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Technology Stocks : Ampex Corp: Digital Storage
AMPX 10.15-2.2%Jan 15 3:59 PM EST
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To: Joseph A. Aboaf who wrote (1075)12/27/1996 2:49:00 AM
From: Mary Beth Ford   of 3256
 
Oh yeah of little faith. I am somewhat surprised by many of your reactions. Did you really believe that the stock was going to go flying up with the announcement of one contract? I thought most of you have been trading for a while. The big impact here is that KM is now a reality, not just something that sounds good and looks good on paper, but a marketable product that someone is going to actually pay for. Do you think Presstek or Iomega flew up with one announcement? NO! We are the lucky ones who got in early because we understand the technology and realize it's impact, not to mention the shape of the company and it's management. Just like with Presstek, as each contract is signed the momentum will build long before the product ever hits the shelf, but first all the doubting Thomas' have to have proof that everyone else is jumping on the bandwagon, so they can drive the price of the stock up way before it's time. Once this stock does start moving, for whatever reason, it's not coming back down, so be glad you were smart enough to get in when the stock was this low and have the patience to wait until everyone else realizes what we realized a long time ago. Ampex time is here and the stock price will definitely reflect it in it's own time.
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