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

To: df who wrote (3110)	7/31/1998 9:40:00 AM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

Honk twice when passing. A nice bit of history that one. It confirms my view that we are all actors and players in this game which is afoot. Given my temperament, I am merely reciting the lines which have been assigned to my part. Meanwhile, last July 97 is an interesting marker, actually since AXC broke 4 last summer, this stock has been in one prolonged bear cycle. Sharp short rallies then prolonged withering declines. Anyone buying since then must realize that he is buying into weakness and anticipating a turnaround (this is said with hindsight). Buying into weakness is not such a bad thing. As long as one realizes that this is a systematic buying plan, that it is based on a fundamental evaluation of the security which is seen to be out of touch with it's market valuation and that one's perspective is long term (read years). Finally, if you can remember the caricature from the 60's of a nation on the move, of youthful exurberence, you would remember an image of a young person sporting a battered suitcase hitchhiking and carrying a hand lettered sign on a piece of torn cardboard on which it is written "California". Well the updated image is one where the sign reads "Ampex". No, this is not someone looking for a ride to the legendary village of Ampexville, but is instead someone who is walking to save funds to buy more shares of AXC. This person is a cheerleader of the cause. Please honk twice when passing. A wave is also appreciated. Ed Perry