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

To: Sal Davis who wrote (3478)	9/21/1998 11:59:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

You Read It Here on Silicon Investor! In looking at the daily graph I am am acquiring a sense of amazement at what may be unfolding in front of me. The "script" calls for a drop in volume to occur before the next event. Take out that 25k+ block and we have a daily volume of 30,000 shares. If this continues for several more days and or weeks then this symptom is complete. The daily also is right up against a trendline connecting the highs of (approx.) May97 May98 (use an arithmetic scale - appropriate for a low priced stock). Even if there is only sideways drift, the weekly is only weeks away from intersecting a trendline through highs of May 96 (pick 14) and Dec 96 (pick 11.38). Relatively speaking, these "long term" trend lines are supposed to have forecasting significance. If volume continues low to choppy, (de-emphasize price meanders at the moment - it could be the time of day the orders are bunched) then this is it. I'm saying that volume will give the clue to the movement in price. Ed Perry

To: Sal Davis who wrote (3478)	9/22/1998 12:26:00 AM
From: David Wise	Read Replies (1) \| Respond to of 17679

Sal, question, did you ever hear any good reasons why Ampex had to go with a 12% loan this day and time? I just looked at a near bankrupt company that got a 7% convertible debenture (of course I know all too much about these instruments of destruction, but it reminded me about AXC's 12%). At the time I thought they might plan to repay this shortly. Instead they apparently agreed to convert some of this and do some refinancing of the rest. Does anyone have a good understanding of the financial wisdom, or lack thereof, for these events? I know the stated purpose was to have the potential to buy any good synergistic companies out there, but isn't 12% as steep as it gets today?