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

To: Hal Campbell who wrote (9808)	7/4/1999 1:04:00 PM
From: Michael Olds	Read Replies (2) \| Respond to of 17679

Ampex Technicals On June 30 AXC broke above the upper standard deviation line for the downtrend that began April 13. It retreated below this line on July 1, and while making a gain for July 2, did not succeed in ending the day above the line. It very much looks like the bottom for the trend was set on June 15 and tested on June 30 when the low for the day touched the lower Bollinger band. The close for July 2 was above the 7-day moving average low, above the 210-day moving average close, above the 50-day moving average close, and the 7-day moving average low crossed over the 210-day and 50-day moving averages June 30. The Chaikin Money Flow indicator is at +.1301, strongly above the 0 point, and has been fighting to get above 0 and rising since June 25. (Above zero is considered confirmation of an upward trend.) I put resistance here at between 4.938 and 5.013. I see nothing special about the close relative to the Bollinger Bands. The close is about 10% below the upper band which is positive and does not call for further price erosion. There was no Candlestick formation of note other than that the close Friday was positive. On June 23 there was a Doji Star which would have told short term traders that the short term up trend that began on June 15 had ended. There was no candlestick indicator that would have foretold the dramatic up move on June 30. The “Forecast Indicator” has made a tentative up turn, but is not above the zero line or the 3day average. Daring traders might consider it a turn in the trend. The Point and Figure chart turned positive June 15 and remains posive at a high of 4.739. The Stochastic Oscillator has been very positive for a long time with the exception of a short period around June 14 (it's always darkest before the dawn). A buy was generated (in spite of the the short term negative just mentioned,) on June 9, and another on June 16, against the negative. The Polarized Fractal Efficiency indicator is efficient and up. On Balance Volume is showing strong accumulation and has been doing so since the beginning of the down trend that began April 13. The Three Line Break chart has remained unchanged (positive and in an uptrend) since April 13. The Raff Regression Channel (New: Developed by Gilbert Raff, the regression channel is a line study that plots directly on the price chart. The Regression Channel provides a precise quantitative way to define a rice trend and its boundaries. The Regression Channel is constructed by plotting two parallel, equidistant lines above and below a Linerar Regression trendline. The distance between the channel lines to the regression line is the greatest distance that any one high or low price is from the regression line. This is similar to a standard deviation channel, but more intuitive than mathematical.) the close is below the Linear Regression trendline, heading up. (i.e., a little under priced, for the position on the trend.) MACD gave a buy signal June 22 and has been bullish since.

To: Hal Campbell who wrote (9808)	7/5/1999 11:36:00 AM
From: Thure Meyer	Read Replies (1) \| Respond to of 17679

Hal, Here is an interesting story from todays NY Times. nytimes.com >> July 5, 1999 Will This Machine Change Television? By BILL CARTER A new, innocuous-looking consumer electronic device known as a personal video recorder is not much different in nature from the video cassette recorder, and very few of them have been sold to date. And yet, an increasing number of executives at television networks and advertising agencies have their ears nervously on alert, wondering if the tiny rumbling noise now coming from this machine is really the first, faint echo of a seismic event, one that will reshape the economic landscape of the television industry. They are also wondering if the best approach may to be co-opt these machines, adopting them for their own purposes by going into business with the companies selling them. Little has been said publicly about the coming of the PVR, and several senior executives at broadcast networks and big advertising agencies said in interviews they knew little or nothing about the machine. But for those who have looked into PVR's and what they can do now and have the potential to do, the reactions ranged from acknowledgment that significant changes are coming to predictions of nothing less than the end of conventional television as it has existed for a half century. Certainly the executives at the two companies pushing this new technology, ReplayTV and Tivo, are not hesitant to predict a dramatic impact from their machines, which use the equivalent of a computer hard disk and are able to store between 14 and 30 hours of television programs and record many shows at the same time. The machines do not permit viewers to build libraries of shows, but they can be hooked up to existing VCR's to make copies. ... << It goes on and is quite interesting. A couple of points for us. 1) If advertisers need new venues for their products a natural place to look is Internet video. 2) Any perturbation of the TV landscape will probably shift some of the money towards new paradigms (like TVontheWEB). 3) The ability to have personal video players is a prelude to a structure similar to the music industry and this will change the distribution channels, the price structure, content providers, etc. It can only be viewed as an opportunity for Web TV. We seem to have ringside seats the creative destruction (Schumpeter) of the TV industry. Thure