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

To: Carl R. who wrote (9186)	6/14/1999 8:41:00 PM
From: Ron Reynolds	Read Replies (2) \| Respond to of 17679

Simple cause and effect... Forget about the unrelenting browbeating the internet sector is taking in light of its wildly overvalued equities; forget about monetary policy, the Fed, and the impending triple-witching hour; forget about abandonment by a fund or a prodigious shareholder; forget about gap-filling and technical requisites; forget about specialist manipulation and insider selling. Naw... the cause of today's plunge is patently clear. It's a matter of simple cause and effect. You see, I increased my position in AXC by 25% today at 3 7/16 (I had to leave for a meeting at 10:00 a.m. PST, and sensing - with that uncanny market intuition of mine - that we were nearing a bottom, placed my limit order) and voila! Oh well...I could well have done the same at $5, or $4...right? And I'm glad I own the shares. After all...I'm a human being. I can defer the desire for instant gratification. Anybody else buy today? Best, Ron