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

To: HPilot who wrote (12602)	11/30/1999 9:19:00 AM
From: Ed Perry	Read Replies (2) \| Respond to of 17679

I did a news scan search of DLJ Direct, Morgan Stanley Dean Witter Online (ye olde Discover Direct) and Wall Street Journal interactive. The only new events showing regarding Ampex were the one liners on how Ampex is periodically on the Amex most actives. With all this new found trading interest, I think name "Street" coverage should begin very shortly (probably as soon as Ampex grants interviews). Certainly, right after official launching of iNEXTV component offerings. Here, customer demand will inspire brokerage research. The timely KeeperedMedia credit card application news (KM of all things) should only serve to highlight the value of Ampex's patent portfolio - an asset which is hard to value and therefore easily overlooked and undervalued. Selling now, or at any time before liftoff effect, will put one at an enormous psychological disadvantage in re-establishing a new long position. Price volatility and normal trade entry frictions will work against you. In order to assess an exit point, I suggest taking a order of magnitude step back and look at a weekly price chart. When a new high is reached by the current price trend, await a change in direction (full lower high and lower low), before looking for a sale point. This will keep you in the main trend and force you to stay long with a stock which is acting well (what one should do any way) regardless of the dollar amounts or portfolio proportions involved. Ed Perry PS: Swamp Fox was right on with the KM!