Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 9.055

-3.2%

3:59 PM EST

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To: NORMAN DUNNWYN who wrote (1989)	2/28/1997 12:39:00 PM
From: lawrence hunter cirillo	of 3256

NORMAN the mere fact that with "PRESENT" earnings AXC can support a price of between 7.5 and 10 must not mean anything to you. You must be as uneducated an investor that there is that you can't interpret the drop in the market and more importantly its relunctance to move over to small caps as the reason behind the "gentle" slide of AXC. It's not like there has been high volume selling. And for your information people like me, Mary Beth, James, Hal, Gus, et al. have been buying more to average down. In fact I just picked up more myself this morning when the bid was at 6.875 because I honestly believe that is the bottom. I think there will be resistance at the Bransom buying price. I also think that thanks to Greenspan the market will start to turn away from large cap and look towards small cap value which AXC certainly is. Please do us a favor and in the future make "informed" statements as opposed to ones that only serve to be alarmist in nature with out any support in reality. Thanks. L

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