Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.710

-3.8%

Dec 23 3:59 PM EST

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To: Rob Palmer who wrote (2174)	3/8/1997 2:15:00 AM
From: majander	of 3256

Sell the rallies in a downtrending market and buy the dips in a uptrending market. AXC is in a cycle bottom and will soon be back on the up. Just one more big deal could send this soaring. I agree that this is one GREAT STOCK to trade. You need the right SYSTEM to do it. All stocks have a TA potential if you know what to look for and if you don't do it in a vaccum as some people assume. This is as natural as using Fundamental Investing. This is just another tool to help you get to where you want to go. I exited axc at 9.75 in time to break even, although I lost the opportunity cost of being out of other big gainers as I got too emotional with this one. The point is that TA is here to stay and I,as well as many other TA's, believe in it all the way. And the one good thing about TA, is it is universal in all markets around the world. Lets face it, people are people wherever you go(just like stocks) and the same rules apply just the same. I don't know anybody that got poor for using TA in conjunction with FA. Besides, you can determine which route you want to take(long vs short), because its all the same. A trend is a trend is a trend no matter which way you go. BUY the way everybody, the tide will be changing pretty soon. Better get some(cheap) while it is on SALE. I LIKE a BARGAIN! Remember, don't put all your eggs in one basket! Excellent strategy Art! Maybe I'll try it! Timing is EVERYTHING. john

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