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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 10.99+8.3%Jan 16 3:59 PM EST
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To: Hal Campbell who wrote (5464)2/12/1999 5:30:00 PM
From: Michael Olds  Read Replies (1) of 17679
 
I just spent the last hour going through the posts for Dec 97 -- Mar 16, 1998. That appears to have been the day last year that earnings were released. Just in case there are any others out there who wake up every morning thinking "where the hell is the earnings report." Ok, so now that the pressure is off a little, it's ok for the stock to go up again.

PS: I was also glad to see that I was not alone in my bafflement as to why the stock just kept going down and down and down and down. In the end it came down to what my (full service) broker said: "It doesn't matter [what a great company it is], Wall Street doesn't like it." And that is going to be the real battle for a while is my guess. There is now nearly two years of profitable quarters under the belt, and earnings appear to be growing at over 15%/year, but it must be kept up.
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