Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.69

-0.9%

Dec 9 3:59 PM EST

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To: Ed Perry who wrote (5613)	2/18/1999 5:36:00 AM
From: TheBusDriver	Read Replies (2) of 17679

Ed I was absolutely astounded at the action yesterday. With what I thought was massive selling pressure the ask remained at 2 15/16. They took down the bid down several times and accumulated a massive amount of stock, IMO. There was a lot of bid/ask size masking going on too. In previous days, the bid and ask were taking down far easily than today. This was the most evidence I have seen so far that the specialist is actively playing this game. He had to be acquiring massive amounts of stock from $3 to $2 13/16......WHY? Had the specialists been selling short the days before and now taking his cheap stock at a profit? Some people speculate that this accumulation is cheap stock to sell later on a run up. Do you buy this? I thought yesterday was amazing. Either we are poised for another run or I have lost my mind. What do you think? wayne

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