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

To: Timothy R. Tierney who wrote (1302)	11/25/1997 2:21:00 AM
From: charles moore	Respond to of 17679

Timothy: You are more than free to use your own investment strategies. After all its your Money.Al I am saying is that if you are so sure as call it the "Ash heap".... I am just telling you my strategy. Any strategy must have a Risk/Reward ratio. Lets take AXC.IF I BUY AT 2 11/16 OR ABOUT 2.6875 I have to set a Limit at which I will sell.Lets set 2 as the lower limit.I am fairly sure that with good news it will Double making it 5.3750 or a 2.6875.It will certainly go there as it has been better than that before.If I buy 1000 shares and sell at 2 I lose $688. If I sell at 5.3750 I make $2688 or about a 4 to 1 Reward to Risk level. Its that Simple Charles