Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 8.715

-3.8%

12:31 PM EST

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To: mph who wrote (6262)	3/16/1999 1:20:00 AM
From: Ed Perry	Read Replies (2) of 17679

<< gap to 2.00 >> Can't say. Personally do not believe in gaps. I think they are incidental to everything else going on in an incredibly complex data space. I suspect gap views are a need for our mind to impose order. That said, my wave analysis tool shows 2.00 as a local minor target. But it does not mean much in the context of a larger move. I would watch the volume instead. Bouncing about 2.50 on extremely low volume, I doubt that there is enough selling to allow the specialist to pick 2.00 as a target. If the overall market tanks, then I suspect that AXC would trade in the 100K share day in a very narrow range. Mind that there is a 10K coming out any day now. It could be emotional. Ed Perry

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