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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 11.32+4.7%Nov 28 9:30 AM EST

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To: Michael Olds who wrote (7118)4/13/1999 5:35:00 PM
From: Alan Cassaro  Read Replies (3) of 17679
 
Seriously, I canÕt begin to see how TA could even begin to paint a picture of the LA LA Land and territory that weÕve entered into here today. But perhaps itÕll give us some insight, as it always has in the past. However, itÕs always predicted an upcoming run, not necessarily what will happen during the run. And thanks Michael and Ed for all the work youÕve put into this for the board. (Talk about unselfish good deeds for strangers, those probably qualify somehow).
I wanted to sell so badly today that I got physically ill, but I kept raising my sell price higher, a price I didnÕt think weÕd reach. And we didnÕt, not after the early highs. So then I got sicker because I didnÕt sell cheaper.
But, letÕs suggest we were at the gaming tables in Las Vegas. And I walked away early with a hundred and fifty grand, while my friends continued to play. Later, they come in and toss three hundred grand on the table and say, ÒHey, look at this!Ó So what? IÕve still got a hundred and fifty grand. WouldnÕt everyone be a winner? So how does an early sell give Peli any power over any of us, particularly when we were all so successful at the game?
IsnÕt this in fact a game of CHICKEN? WhoÕs got the biggest CAHONIES? Who has all the MACHO? IsnÕt this more about POWER? Lots of motivational stuff to think about. For me, anyhow. And, ladies and gentlemen, thatÕs why I play the stock market.
al
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