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

To: Dale Kohler who wrote (11102)	9/16/1999 10:12:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

<< I think Ed has been doing a much better job of managing our company the last couple days >> And it may be beginning to show! In the context of recent trading: * today's range closed above the prior 5 days trading (including closing above the high volume possibly climax selling day of Sept. 10). * stopped just at the overhead resistance at 15/16. * did this on modest volume without news, PR announcements or overall market assistance of any kind. This is quite an accomplishment. I would not attribute the day's activity to random chance. However, while one cannot say the price will now proceed in a near vertical direction, one can conclude that a turn is indicated or has already happened. This activity is entirely consistent with the face tripping seen on these boards and with the inattention to these pricing movements here at a potential important swing bottom - just as important as at an important swing top. The saying is "First rallys don't stick." The need is now to see how far the thrust will go, how deep will be the first pullback, whether the resistance will melt easily on a pick-up in volume or whether the prior low will be re-tested. Ed Perry