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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (9117)	6/11/1999 1:45:00 PM
From: Michael Olds	Read Replies (3) \| Respond to of 17679

Talking to myself? Today AXC is going way down on very light volume. Isn't the most likely story here that …um…interested parties are exerting downward pressure on a down market day (when they can exert selling pressure in excess of their real power with very little effort) so that they can later expect the usual reaction by those small investors who are not selling now of selling at their breakeven…which is likely to be under 7. So isn't it reasonable (let us say that it is a given that there is no really good reason for this downdraft, a position justified by the lack of volume) to think that those interested parties are expecting the stock to rise again shortly to above 7? And since they are whoping our asumptions right now, isn't it also reasonable to think that they are better traders than most of us? So then isn't it reasonable to follow their lead and buy now and hold to up way past 7?