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

To: Glenn Perry who wrote (1158)	11/6/1997 9:29:00 AM
From: Ken Holbert, Jr.	Read Replies (1) \| Respond to of 17679

I would like to interject on how wise the street is. I am still rather new at investing however, this past March I had to make a decision and sell some stock. I sold IBM at 142, CSCO, (Cisco) at 52, and TOY ( Toys R Us) at 28. I decided to keep my holdings in Ampex because at the time the other stocks were taking a pounding and there was still some promise in Ampex. Boy was I wrong, although in retrospect, the street was wrong as well. IBM was constently being downgraded but, in April 1997 it beat street estimates and from there split and went to 107 for the high, (214 pre split #'s). Cisco was being beaten and downgraded however it too beat the numbers and is currently 84. Toys R Us is 35. Ampex went fro 7 to 3. Currently about broke and holding on to a stock that is closer to wothless than what I paid for it, I have seen many stocks get beat up only to come back stronger than ever. I have also seen Ampex go from 7 to 10 5/8 last year around this time based on one analyst's recommendation. With that said, I will hold and wait because this stock will continue to make money for years to come even without KM.