Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.12

-1.8%

Nov 21 9:30 AM EST

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To: Michael Olds who wrote (7528)	4/18/1999 7:24:00 PM
From: Rob Palmer	Read Replies (3) of 17679

Not sure how the market will react to the CPQ resignations Michael. Top management would probably have warned about profits earlier if they knew the reaction was going to be so negative for waiting so long to announce the bad news. This was a bad mistake on their part, and most likely the reason for forced resignation. By the way, your message is my only confirmation of this news. Back onto AXC...was hoping you (or any other TA types) could take a look at the Clearstation chart & technicals on AXC and comment. Seems that the MACD trending line is rather extended and AXC could be ripe for some more consolidation/retracement. Virtually every stock that I have checked heads down or sideways when this condition occurs. Just looks a little too overbought. Do you know of any other situations where a stock has been able to immediately push higher with the right news and/or conditions under the current technicals? clearstation.com By reading the message boards (especially Yahoo), you would think that everyone is virtually banking on Earth-shattering news to come out of the NAB show, making an upward rocket ride almost guaranteed. This is why I think significant appreciation will most likely not happen this week. Of course I hope that I am totally wrong on this point as I am very long AXC. Thanks for your comments! Rob

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