Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.82

+0.8%

Nov 26 3:59 PM EST

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To: stan s. who wrote (7345)	4/16/1999 2:27:00 PM
From: Michael Olds	Read Replies (2) of 17679

A further note on the current psychology. It looks to me as though AXC is at a critical point between that described by Stan (like an addict needing a fix and when it's not available going into withdrawl) and a point where the market is "convinced." I believe we are actually approaching the convinced end. But we are not yet there. I would guess that if handled carefully, the convinced momentum will be in place before the end of NAB. At that point I would expect the price to plateau and trade in a range pending some indication of the success of the new Internet strategy. The stock has not not reacted, it is moving up right now, and right now the ask is very strong.

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