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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 11.44+3.6%3:59 PM EST

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To: Ed Perry who wrote (5641)2/19/1999 4:04:00 AM
From: TheBusDriver  Read Replies (1) of 17679
 
HOLY COW, ED!!!!

Funny I had high $10's in mind myself. but GEEEEEZZZZZZZ these guys know how to make you sweat. I agree that Joe Q. Public is NOT buying these shares...he is selling them. This is the point I was trying to make yesterday. We had the same action again: The bid was HAMMERED all day long but the ask held up pretty well.....I am just surprised at how deep these specialists pockets really are. Almost nobody was buying stock at 2 11/16 but the ask hardly move from here. Only briefly to 2 5/8 then back again. (Got some at 2 5/8 too<grin>)

All this is very nice, but now that they have all this cheap stock SOMETHING has to happen to bring back J.Q. Public to buy back what he has sold at a loss probably. This is what has me concerned. AXC is not the good at PR for itself. So we could be in the $2's for a long time (relatively).

Now if you are gonna tell me the specialist knows something we don't, then IMHO AXC is in cahoots with them!!

Anyway I have my war chest ready. I have noticed the volume build up. If we get some positive information now it would be enough to ignite the rocket I think.

I'm getting to old for this s**t!!

Today is Friday and I think the gap at 2 3/8 is now possible. Not that I believe that gap stuff. But there is pretty strong support just below this level.

wayne
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