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: Albert Youssef who wrote (1344)	12/2/1997 2:15:00 PM
From: NicholasA	Read Replies (1) \| Respond to of 17679

Hi Al, I certainly agree with you about the "absolute low". You know there is truth concerning catching knives and stopping trains with bodies. Unless you have the consistent ability to call the bottom of stock, an index, you should only be adding on strength! Back in the old hype days, what was the difference buying at $6 or $8 when people expected AXC to pop beyond the $20's? (don't respond with an answer of $2, please...) The phrase that upset me the most on this board involved backing up the truck and loading up....garbage and fertilizer often came to mind...a sort of stink indicator... In fact, at this point, the relative short period of market data we have (AXC on Amex), makes it very difficult to talk about "support levels" at 1 7/8. If you want to play safe, place a stop order at $4+ (or go back and look at each failed rally, look how much, in percentage terms it went up before falling. average those percentages, add a safety factor into, and calc a min price to buy in at) As depressed as we all are, once the major $5 support level was broken, we all should have sold. At this point there is Nothing comforting, except from Bramson's buy (which would have been more meaningful with other officers/directors buying) and AXC is not being sued by angry investors (since Ampex has being quite honest from the start). Given the track record, I suspect that either KM makes money within 6 months, or they sell it and someone else makes huge money. Yes I will hold, though I have learned a lesson. The major point is: it is far better to move your money into something that will make money if something continues to decline. I applaud all the people who wrote calls this past year or who sold back in the $7-$9 range. In general stocks that sustain huge declines in a very short period of time, usually recover much faster than slow death drops. Ampex won't die, but I think it will be a very long march back to $10. The slow death stock is tough because you are emotionally pulled lower and lower, losing objectivity when it comes to getting out. Let's hope there was a reason for to Bramson's buy. After having being burned on borrowing money last year to buy, I would think he would be a hell of a lot more careful this time. Enough of my noise Nicholas

To: Albert Youssef who wrote (1344)	12/3/1997 10:57:00 AM
From: Glenn Perry	Read Replies (1) \| Respond to of 17679

Al- my primary reason for intially purchasing Ampex stock as well as continuing to hold was not solely for the prospects of "keepered media", it was for the DST product line. With the advent of HDTV and DBS, I think DST will play a big role in the broadcast industry. It also will find its way deeper into the mass digital storage market- to be used for near-real time data backups for massive databases. There are many companies that could lose thousands of dollars for every minute of network downtime. I also think the Mitsubishi appeal will be successful- though not until late '98 or early '99. Look for more patent infringement lawsuits in the future (even though they eat into whatever small profits they earn). I'm looking for a future consumer electronic device to come out of Ampex in time for HDTV- possibly a digital VCR. Still some years away though. If KM is adopted, that would certainly help. When and if it will be adopted is anyone's guess. Enough rambling for now...