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Technology Stocks : Ampex Corp: Digital Storage
AMPX 9.660-3.4%Jan 13 3:59 PM EST

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To: Hal Campbell who wrote (1862)2/19/1997 1:51:00 PM
From: stan s.   of 3256
 
Hal, good post! No real disagreement here. If for some reason it drops below 6 7/8 I assume your figure of 5.125 for support goes back to mid April or so. Very viable number. My 6.0 figure comes from the lower weekly Bollinger which will sometimes offer support.

Let's hope it never comes to that. A mild rally today will keep it above a support line for now. I don't get the impression many people think it will hold short term. As I've said all along, at least one positive about the decline has been the low volume.

Stan
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