Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 8.270

-3.2%

3:59 PM EST

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To: digger who wrote (6063)	3/5/1999 6:42:00 PM
From: Michael Olds	Read Replies (3) of 17679

Isn't anyone going to jinx this by calling it a bottom? I've got oversolds and extreme lower deviations and support and double support and bottom testing...and a Friday's rally usually carries over onto Monday, and the Greater market is off to the races, so that load is off our backs... I'm not predicting any large run up, but we could gain back the threes. Some time back I said that I thought the run up would be very fast to a level that I did not predict, that the market thought was fair value, there to remain until such a time as some solid reasons for a new run up were established. Where I was wrong was that that level had already been reached. This is what the market thinks AXC is worth at this point, all risks factored in: Between here and 3.5. My feeling is that the next move has got to be one that addresses the finances. I have the strongest sensation that this value is being given AXC because the optimism justly accorded to the technological vision is being balanced against the concern that to realize this vision is going to take a lot of money.

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