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

To: killybegs who wrote (9651)	6/28/1999 8:24:00 PM
From: Ron Reynolds	Respond to of 17679

Interesting Day Based on today's trading action, I have an image of hundreds of "investors" sitting in front of their respective monitors at 2:30 pm EST today with one window opened to the Ampex webcast, one window opened to their favorite AXC board, and one window opened to their online brokerage. At the first "net congestion" message, and/or upon reading the first negative comment on their favorite board, they realized that shareprice was not going to break into triple digits prior to today's market close and promptly liquidated their (predominantly miniscule) positions. Between 2:30 and 3:00 pm, as shareprice dipped rather precipitously, approximately 40,000 shares changed hands. More impressively, however, as buyers stepped up to the plate, nearly 60,000 shares were traded during today's final hour, as share price recovered very nicely...demonstrating, IMHO, considerable support at the $4 level. Seems to me that Ampex attracted a group of short-term traders who felt that they had found a cheap stock, both in absolute terms and in terms of relative value...and who, precisely because they are gamblers rather than investors, bailed out between 2:30 - 3:00 pm today. I'm feeling very good about AXC's prospects at the moment...and I'm even more excited about what I don't know than about what I do. I have faith that Mssrs. Bramson, Gardy, et. al. see the whole chessboard ten moves deep...which is why I'm accumulating shares. I strongly suspect that there are strategic partnerships, technological applications and marketing strategies in the making, about which we know nothing at present. If those who jettisoned their shares today were in need of instant gratification, I suppose they did the right thing for themselves. But I suspect that tomorrow will bring a healthy rise in shareprice. Best, Ron

To: killybegs who wrote (9651)	6/28/1999 8:42:00 PM
From: Michael Olds	Respond to of 17679

Look at that paragraph! That is what you get when you have conservative, low key players who have high cards. (Wha de sa? He said value shows through.) In the end, a much bigger pot.