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

To: Jerry Gogol who wrote (3038)	7/22/1998 11:23:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

At the risk of seeing some ripe tomatoes flying at me I've got to say that it is important (easier said than done) to segregate the facts from your reaction to the facts. While the facts are that the share price has declined marginally and that the upcoming one or two? quarterly reports are expected to be anemic you must focus on the longer range. Draw your estimations of future business prospects (and eventually share price) from this scope. Furthermore, if after you do this, you still get nagging doubts, then it is healthy, it is normal, and it is a challenge to control. People acting on these doubting reactions is what makes a market. I get these reactions all the time, however, after already having been around for a good length of time I understand my reactions better and often am amused at how quickly they can well up. The alternative to placing oneself in this awkward and stressful situation is to await the decline, even this marginal one, to stop and then to buy on the turnaround or even better the breakout. This goes without saying and needless to say is highly recommended by leading authorities! TA for AXC now is quite boring and this is a good sign. Volume is less than half of normal - another good sign. Except for a few long term facenames there is much diminished chatter here and on Yahoo - also a good sign. You know, we may be in for a rally near term. However, this is the important point, since all motion and activity is currently dampened, expect the near term to be measured in weeks and months. When a rally does occur, then,looking backward, all of this inactivity will make a lot of sense. People will ask "How did you do that?" Ed Perry