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

To: Toni Wheeler who wrote (9811)	7/5/1999 2:32:00 PM
From: Michael Olds	Read Replies (2) \| Respond to of 17679

Toni! Let me not take more credit than I deserve here, my TA post is just a reading of what a bunch of charts are saying; there is very little analysis on my part. Put in it's proper context I think the charts have some use, especially when there is no news. At this point I would say that a large number of indicators are positive. Since the news is also positive, and the downward pressure that I assume was related to the Redeemables and perhaps also to anxieties and disappointments concerning the direction the company was going (resolved by the 28th broadcast) is ended, my “analysis” would point to a reversal in the down trend that began April 13 and a continued up trend into mid August. Towards the end of August we could see a resumption of pressure as a consequence of the next batch of Redeemables, and early tax selling in the broader market. Hopefully, by this point, there will have been further developments in the roll-out of the Internet Video Network strategy that will protect at least some of the gains we will have made by then. (TA would suggest @40 % of any gains). I am most interested here in the “fake-out” that my gut is predicting: We get a run-up that looks like one of the old run-ups followed by a down day that will scare those of us who have seen it before into selling. Only this time the down is not sustained and we are out of a huge new move up. I don't know about my reputation. I am doing my best here to make the most of this new medium (computers and the information investors can get using them, and message boards). To say that one person is responsible for even his own insights is in a way to misunderstand the way these message boards are building a body of wisdom by linking up the best bits and pieces of us all. Finally, from what I have seen, this particular message board is unique in its civility and the broad base of its participants. My experience so far tells me that this is largely a consequence of the board “Elders” (I'm still wet behind the ears!). There's has clearly been an effort to educate. I hope I can live up to their high standard.