Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 10.90

-2.4%

Jan 26 3:59 PM EST

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To: NORMAN DUNNWYN who wrote (1466)	1/27/1997 12:53:00 PM
From: Ronald Zhang	of 3256

It's quite normal for a stock to slide down after a run-up. How many stocks out of the 10,000+ US stocks has anyone seen that went straight up without zigzagging on it's way? Technically speaking, it seems that the $8 area is a very probable place for AXC to complete its current wave (if you believe that stock prices move in wave-like forms at all). Although it's still to soon to call whether a second wave will follow, as long as the current support area can hold, things are not too bad yet. IF all the fundamental stuff are just as good as most of the people here think, then just be patient.

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