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Technology Stocks : Ampex Corp: Digital Storage
AMPX 10.01+5.6%Jan 12 3:59 PM EST
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To: Mary Beth Ford who wrote (1293)1/19/1997 1:06:00 PM
From: Andrew Q. Viet   of 3256
 
Mary Beth, I think you need to check this bulletin carefully. Most people here are very bullish on AXC, so only a few bearish minds can serve as a counterbalance to prevent the stock from rising into the domain of insanity. After all the bear sells and the bull buys; it is a tug of war. I think it is unfair and arrogant to call someone a "very preditable investor". Each person has a different scale of risk tolerance and once a person decides to sell he doesn't want to be too greedy. Also remember that it was the exorbitant bullishness that sent Presstek and Iomega into cosmic altitude and subsequently when the fuel of insanity burnt out, both of these stocks obey the law of gravity. I am going to give you another analogy: It doesn't matter much how fast a car can go; but it is the brakes that save lives. In the financial market it is the bear that prevents people from loosing their shirts. It is healthy to have both weight and counterweight: Both of them are needed to make a balance.
After all a person who makes the most in the stock market is not the one who hits it big, but the one who can do it consistently.

I think you should refrain yourself from calling someone 'a very predictable investor'. Do you have a PhD in psychology and an MD in psychietry?
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