Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.540

-2.0%

12:59 PM EST

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To: DennyKrane who wrote (1978)	2/28/1997 2:38:00 AM
From: Brian L Farris	of 3256

Good piece of advice for that naysayer Mark. Axc reminds me very much of the Biotech stock I bought last Jan. at $10. It proceeded to drop 30% within six weeks, I nearly sold then out of fear, but resisted. The stock then rose steadily to a high $27.50, traded firmly in the $20's. Over a 10 day period this month the stock slipped back into the $17-$18 range on news of a poison pill. The only reason I didn't sell (thank god)at $18 was due to my occupation, I was not able to contact my broker. This week the company announced a deal with a large medical products co. and the stock jumped up $8 in one day. The moral to this story is that to reap the benefits of potentially dynamic situations, i.e. Axc, one must be patient, sometimes extremely patient, even in the face of bad news and negative comments. Honestly, I don't know alot about "keepering technology" but I do feel that at these price levels this stock presents a very good value, as well as a dynamic, potential upside. BLF

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