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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (923)	5/12/1998 9:31:00 PM
From: HeyRainier	Respond to of 1720

[ LARS Retracement ] Scott, ...from a TA perspective, what would a reasonable pullback target be? A pretty simple guideline to look for on pullbacks would be a retracement of about 50% of the upward move, or any other retracement level that would correspond to a Fibonacci ratio. That of course requires the current upward movement to end first before such a measurement can take place. I believe there were studies done that showed the existence of Fibonacci sequences in nature, and with human beings being a part of that group, it appears that we also behave in a manner that can sometimes conform to such stated sequences, particularly in the stock market. Regards, Rainier

To: Scott H. Davis who wrote (923)	5/13/1998 12:19:00 AM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

[ Ampex Insider Purchases ] Scott, This must be it from that SEC filing: Item 3. Source and Amount of Funds or Other Consideration. Since the date of filing of Amendment No. 10 to the Schedule 13D, the Filing Parties named herein have entered into the following transactions in the Company's Class A Stock, using the funds indicated below: (a) On or about October 29, 1997, Mr. Bramson purchased from the Company 150,000 shares of Class A Stock at a purchase price of $3.125 per share. (b) On or about November 7, 1997, Mr. Bramson purchased from the Company 175,000 shares of Class A Stock at a purchase price of $3.3125 per share. (c) On or about February 18, 1998, Mr. Bramson purchased from the Company 75,000 shares of Class A Stock at a purchase price of $2.9375 per share. The purchase price for the shares sold to Mr. Bramson was based on the reported closing price for the Company's Class A Stock on the American Stock Exchange on the dates immediately preceding the dates the Company's Board of Directors approved each such purchase. In each case, the purchase price was paid 20% in cash by Mr. Bramson, using personal funds, and the balance by Mr. Bramson's promissory note secured by a pledge of the purchased shares. Thanks for the help at the AXC thread. Regards, Rainier

To: Scott H. Davis who wrote (923)	5/13/1998 11:55:00 AM
From: HeyRainier	Read Replies (2) \| Respond to of 1720

[ AXC ] Scott, after watching today's bid move even lower to 2 3/8 (despite the strong size at the bid), I have become even more convinced that my entry into AXC was premature and was done at a technically (and perhaps fundamentally) inappropriate time, based on an intermediate term reading of the company's chart. Most of my gains have come from not only not trading against the trend, but also by holding issues when the momentum has shifted in my favor to provide a healthy wind behind my sails. The wind on AXC's part has stopped blowing in a negative direction, and I believe right now it's in a transition from that to the doldrums stage. Given my other opportunities in the market (QSound is selling at the same price, or rather was), I feel that I can still lose on AXC even if it doesn't move, and that loss comes from the opportunity cost of not taking advantage of other opportunities that I may discover. I think you get the message from this post. AXC will fall back into my watch list. Regards, Rainier