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

To: Michael Olds who wrote (11156)	9/20/1999 4:02:00 PM
From: TheBusDriver	Read Replies (1) \| Respond to of 17679

Hey Mike. Been out of AXC for quite a while now. Made a little and lost a little....think I came out on the plus side but not by much<grin>...missed some good trades by trying to hold for the longer term, I really figured AXC for 10 bucks by now. If I had traded the runs I would be sitting pretty good. As it appeared my projections were wrong I moved onto my other passion which is resource stocks. Done ok there, base metals are moving (check out MAN.T), as well as silver, but gold just keeps getting lower and lower which makes your picks more and more difficult, hence my return to see what is up with AXC! Anyway, I figured 68% retracement was 2.44 from the high of 7.5, so as AXC crossed $3 I started to become interested again. It seems AXC has some PR problems to shake off now, coupled with a general caution in the internet stocks and AXC figured to post some losses, I am afraid it might hold AXC down for awhile....donno.... I do think AXC will base here and then we will see if management can turn all this around. If so we will be off to the races again. Looking to the future....good luck! BTW, it is nice to see this is still the same quality thread it always was....lot of smart people here. wayne