Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 14.69

+11.8%

3:59 PM EST

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To: Ed Perry who wrote (4425)	1/11/1999 9:13:00 PM
From: Carl R.	Read Replies (1) of 17679

Once again I agree with your analysis. We blasted through the easy resistance around 1.5, and it didn't surprise me to see the stock go back down to retest the area. We encountered resistance in the mid-2s as expected. Then we began a healthy retracement. I was pleasantly surprised by the bounce off 1.625 and consider the action today very bullish. If this heavy volume continues we should make it to the upper end of the resistance area fairly quickly, again I agree that it could be in a matter of days of just a few weeks. All in all, the action was surprisingly healthy and bullish. Carl

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