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: Stephen M. DeMoss who wrote (1127)	11/2/1997 12:18:00 AM
From: D.J.Toal	Respond to of 17679

Steve - I agree - this company is far from the penny stock range.

To: Stephen M. DeMoss who wrote (1127)	11/2/1997 12:11:00 PM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

LOL...Steve, I always even question the survivability of Coca Cola. Just an old habit. AXC will be around quite awhile. I tend to be stingy on purchases. Say it only goes from here to 5 in 2 years. If you buy ay present levels , that's rougly a 25% per year compunded return. If you patiently wait for 2.75, that around a 35% return. Quite a dramatic difference. There are few better safety nets I know of in small caps than buying inexpensively. And in this case....the disappointing year...all the pain involved in the decline...the tax loss selling pressures...the uncertaintes ....they could - they should - lead to the 2s again before the year is out. I agree the fundamental value here is higher, and I certainly expect the stock to do better than 5 in the next couple of years, but I think, on general principles and probabilities, that lower prices....even a bigger bargain ... will be available. Of course, I sure could be wrong - and a purchase here should prove profitable in even the intermediate term. Best of luck to all.