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

To: Michael Olds who wrote (9839)	7/6/1999 7:45:00 PM
From: pezz	Read Replies (1) \| Respond to of 17679

Michael, It actually did better than that... bid to bid... 4 5/8 to 4 3/4 ask to ask 4 3/4 to 4 7/8 I watched it all day . Closing at it's highs. Looks like accumulation to me ever since the lows last month. We had to shake out the buy the rumor sell the news crowed from the 28th and now we are working our way through those that are using last weeks run up as an excuse to get out..... I think it very bullish that it has not returned to the 4 area after last weeks run ...Some one asked why any one would sell here..... We have gone from 2 7/8 to 4 7/8 in less than a month... reason enough for some. Some rode it down and are now happy to get out even .Some bought in at or near the lows and are satisfied with a 50% to 70% profit.....Ok for them but not for me....More to come I suspect. pez