Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.270

-3.0%

Dec 26 9:30 AM EST

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To: papa bear who wrote (2130)	3/6/1997 11:38:00 PM
From: HPilot	of 3256

Ron, I have to admit it I have pulled a Hal on the TA analysis! I guess I sort of threw my hands up and said to myself. There is no reason to sell the stock except the stock trend! So I have been only looking at support levels. Looks like it may be basing in the 6 to 7 range now but who knows? My accumulation indicator shows distribution not accumulation during this downslide. But not enough to break it's long term trend. Hope you are reading this Art but that indicator is above its own 200 day moving average! And although the stock price has retraced 100% from the pre Nov 21 price this indicator has retraced only about 50%! So people are not selling out as fast as they bought in. This with an OK earnings report and good earnings estimates makes me think Ampex is still a KEEPER!

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