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


To: Hal Campbell who wrote (12547)11/26/1999 11:22:00 PM
From: Carl R.  Read Replies (3) | Respond to of 17679
 
Yes, I agree. I am just sitting and watching for now. I do believe that diversification is important, however. I bought as much AXC as I felt comfortable with at 2 7/16. With it almost doubling, it is a larger percentage of my portfolio that I normally allow, so at some point I will be forced to re-balance my portfolio. When I do it won't be because of a lack of faith in the company, but rather just to keep things in balance. I'm not in any hurry, though.

My prediction for Monday is more volume, and a break through this current resistance. I am hoping for a close at 5 1/16 Monday.

As for ADSP, if my order had been filled, I would certainly sell it here. If AXC were at 57, I'd sell it too. But then my taxes would REALLY suck, so maybe not..... <VBG> Actually I'd give a bunch to charity. I already gave some away earlier this year, and I plan to give some more, soon. My church needs the money for a building addition.

Carl