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

To: Sal Davis who wrote (1352)	12/3/1997 8:51:00 AM
From: charles moore	Read Replies (1) \| Respond to of 17679

Vector Vest at vectorvest.com puts the value of AXC at $4.70. They only have one indicator that is not "poor". I believe AXC is presently at a P/E of about 7.At 1 7/8 we have a P/E of about 5.5. If one feels that the AXC is done for than $.25 can be an acceptable price. At about the present $2.30 if you believe Vector vest then it is at 1/2 of Intrinsic Value.I believe AXC has been as high as 15.Again with VectorVest 1 7/8 is 40% of $4.70 If one believes there is more to the AXC than KM then at 1 7/8 you have a Stock that is 40% of Intrinsic value selling at a P/E of 5.5. At $4.70 it is a potential double from here . A low of 1 7/8 and a high of 15 is a 7 to 1 Reward/Risk ratio.These Parameters set my Low for my purposes.I like the leverage and dont forget that if you take $1000 and double it 8 times you have a quarter of a million dollars.. Once a month and you have.... Personally I like the odds. Dont say it isnt possible because I presently hold THQI from 6 and it is now 18. This in 14 months.A double every 6 months will get you the same amount in 4 years. Charles