Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Swamp Fox who wrote (12643)	11/30/1999 11:02:00 PM
From: Ed Newman	Respond to of 17679

I agree with you. The news today was astonishingly good. They kept their word (Pre-emminent in importance for any company that says they will do something) and they introduced a remarkable application for a cutting edge product. I mean, the implications of this credit card thing are huge. The drop in price was due to overall market panic which resulted in LOTS of profit taking from ALL companies that had run-ups in recent weeks. We had a run up of 100% from 2.5 and THERE WAS PROFIT TAKING. Once the market panic mood is there, buyers step aside and the drop at day's end was steep, but not unusual. For perspective: Is there anyone who does NOT believe we will double from here in the next twelve months? That's a VERY good ROI in any fund manager's book. (like 5X typical index for a year.) Long.... ed