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

To: Bleeker who wrote (1402)	12/9/1997 12:49:00 AM
From: charles moore	Read Replies (1) \| Respond to of 17679

Bleeker: Hope I am right again this time. At this point I am not looking for any outstanding moves in AXC. I would have to agree with the previous poster whose broker looked for the pop to 4 and if there was no good news then a "stale" stock.Are there other better Candidates?Probably.You can only have so much Money at least in my case. My largest holding ouside of GNMA bonds is THQI because of the gains. 20 1/2 today.I also have Pepsi and of corse, the recent Restaurant spinoff now.Also AMD.The more Speculative Stocks are AXC and ADTC at this point.I have been buying AXC when it dips below 2.5.I would prefer a double but a 1.5 move from 2.5 to 4.0 is a 60% move.If you can get a 60% move in 6 months then you have a yearly of 120%.Any "good" news is gravy. "Bears make money and Bulls make Money but pigs get slaughtered".60% would be okay to me.For AXC to go down 1.5 points from her it would have to go below 1.The financials arent bad so whats the odds?Another reason I set 1 7/8 as "my" low Limit.Even at 1.5 you have a .8 drop from about 2.3 so even at that point you have a possible 60% rise as against about a 35% drop. Again almost a 2 to 1 ratio.I feel that the Reward/Gain ought to be 2 to 1 against the downside plus assuming the Fundementals are good or it is sheer specualation. Charles