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

To: W. Thompson who wrote (1326)	11/30/1997 8:21:00 AM
From: Thomas Kirwin	Read Replies (2) \| Respond to of 17679

Insider Trader Recommendation Hello, I've been watching AXC since the Insider Trader recommended it as an investment on 5/18/97 at $5.75 based on its royalty revenue stream, patents, propietary technology and the fact that insiders have been buying the stock. To date this investment has decreased (55.5%) to a share price of $2.56. As of November 18th Insider Trader is still holding firm to its buy recommendation of AXC. They are convinced that this puppy will turn around and encourage current investors to hold fast. Easier said then done! The sell off is attributed to tax loss selling as many purchased this stock around $9.00. Having experienced such selling pressure on a number of holdings in the past I believe that Ampex may slide a bit more as additional tax loss selling takes place during December. Once my target of $2.25 is in sight I will take an initial position and start accumulating. Regards, Tom P.S. Insider Trader provides free Insider Buy/Sell transaction information in addition to a subscription based investment service. Their web site may be found at.... insidertrader.com