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


To: Hal Campbell who wrote (12642)11/30/1999 8:16:00 PM
From: Michael Olds  Read Replies (2) | Respond to of 17679
 
Hal,
The problem is that when it looks like it could go down more, it pays for investors to wait and see. A game of chicken follows and that is only reversed when an event or hoped for event takes shape.

The build up to today was overdone and over focused on today, but I for one was expecting to see the start of a "campaign" today, and it looks more like the start of any such thing will be next month.

So here I am again: This morning I woke up with the absolutely clearest of "signs" that AXC was going down; I did nothing; It went down; I did nothing; it looks like it will go down more; I will do nothing...and why? because maybe something will happen after all...and I will be out of my position and I do not want to be out of my position when it does go up significantly which I do expect it to do.

It is just not up high enough that I can view a 2 point dribble drop with indifference.

PS: the MOZONE TRADING SYSTEM did not give a sell signal today.