Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.94

-6.5%

1:22 PM EST

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To: Stephen M. DeMoss who wrote (5156)	2/2/1999 8:15:00 PM
From: stan s.	Read Replies (4) of 17679

Hi Stephen, there are instances where gaps are left unfilled but it's not common on a percentage basis. I could not (with a straight face anyway) tell you that if MSFT has a gap at 11 dating back to 1994 that's it's gonna fill it. As in any TA you have to use your head and remain IMHO a bit flexible. The smaller the gap and the farther away...the less psychological impact it has. A large recent gap will exert more pull. I gave a quick look at Dell's very recent chart and the only unfilled recent gap I noticed was on 12/17/98. I'm not counting gaps in the last week or two. Would I worry about it now? No. Am I sure it won't get filled? Nope Here's a short mention of gaps (windows) by the way, why.net As far as the gap that AXC has beginning at 2 5/8. In a stock split of 5-1 the gap from point would simply be at .53 rather than 2.68. Would I sell based on AXC's gap...No...but I might add if it touched 2 5/8 and held...it also might allay my fears if (when) I saw it heading down...as it was this morning. One reason to look at gaps is it often can keep you from panicking. Often when a stock seem to take an irrational downturn...it is simply filling a gap...people love to blame those instances on MM's (Nasdaq's stocks)...sometimes unjustly. We won't even mention AXC's gap from 2.00 on the 22nd. VBG Good luck, Stan

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