Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 11.17

-6.5%

Jan 23 9:30 AM EST

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To: Gus who wrote (7727)	4/22/1999 1:13:00 PM
From: Hal Campbell	Read Replies (3) of 17679

<<IATV, I think, is not exactly comparable to Ampex because it benefits significantly from the minority ownership of deep-pocketed Liberty Media, >> Very true Gus....the two are not actually comparable in financial underpinnings or strategy...but if you will note......both AXC and IATV spiked to their short term highs on exactly the same day.. 4/13 ... and both pulled back off the spike on that same day to a comparable degree ... and have been trading since almost exactly in tandem ( within the parameters of the rough formula mentioned) day by day. Too big a coincidence, so that leads me to believe that somebody with enough money to move the market a bit is playing the group ( and including AXC in the group).For now anyway.I suspect a fund. How long that tandem phenomenon will last is anyone's guess. I see it as a sign AXC's strategy is catching some serious respect. So, for all the volatility .... in my opinion ....a bullish sign in that some large new radar screen has lit up.

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