Ampex Corp: Digital Storage Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.01

+5.6%

Jan 12 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: majander who wrote (1328)	1/20/1997 5:30:00 PM
From: Art Ebbands	of 3256

Majander, I use TA extensively to evaluate any stock before buying & selling. I have a fairly large position in AXC which I am holding because of the story & keep in touch with this forum for all the interesting fundamental info provided. I also actively trade AXC based on TA. AXC is actually in pretty good TA shape now. It is currently trading in a range between 8 1/2 - 11 3/8. I bought some more today @ 8 3/4 and have a sell on this @ 10 1/4. If you notice the charts you will see AXC traded between 6 and 8 1/2 for several months. When it broke out of this range, 8 1/2 now becomes the support level or ideal buying opportunity for the next range. Notice today, it bounced off this price for the 3rd time in this current cycle. If AXC breaks below this point, we could be in for trouble, otherwise everything is still in decent shape. Although AXC has dropped a little below the 50 day moving average, it is still above the 200 day MA which is very important. The 200 day MA is around 8 1/4. A significant break below that would mean real trouble and a move back into the previous range. OBV is actually quite strong here. AXC has drifted on lower volume and risen on higher volume. You compare OBV at its current price with the OBV about a month ago when it was at this price and you will see that the stock is stronger @ 8 3/4 now than at that time. In the previous range, I was buying @ 6 1/2 and selling @ 8. In this range, I am buying @ 8 3/4 and selling @ 10 1/4. It will probably take another news catalyst to break it up and out of this range. In the meantime, trying to use TA to make some more $$ while waiting out the big big big event. Good LucK AE

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next