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

To: RidgeRunner who wrote (12562)	11/28/1999 11:21:00 PM
From: Ed Perry	Respond to of 17679

<< Are you still looking at $20 by year end? >> Actually, all bets are off for the upcoming several weeks. AXC was depressed so hard and for so long in the Oct / Nov timeframe that a surprise reaction to excess, to the upside, is not to be ruled out (always leave room for the unexpected in an emotionally driven market). Also, a January effect, which judging by the action of other small caps I am tracking, may be coming early, a Y2K effect (as nervous nellies come back into the market) and a small cap effect (as a rotation of big institutional money vacates the possibly stalled ultra caps and moves into promising Russell 2000's - with decent float, I might add!). On the same vein, if iNEXTV and affiliate content and delivery are even moderately successful, and more important, promoted well, then day traders and short term MOMO players can be expected to aid and abet any runaway trend - "Everyone loves a bargain." <VVVBG> Absent a good run, or even a spike, in the near term, then it looks good for the time frame anytime after Jan 2000. One of our SI regulars has started an Ampex club over on Yahoo. The advantage there is storage for photo uploads. See the Elliott Wave chart projections and the Equivolume long term chart studies for further elaboration. Site is at: clubs.yahoo.com Ed Perry One caution, reading William Eng, he did comment that in the last stages of a bull market, an enormous amount of money can be made in a short period of time in the action of rapid runups of secondary speculative stocks. I don't see this happening yet, but it could occur soon and run for a period of months if not years. Time will tell.