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

To: Hal Campbell who wrote (4015)	12/13/1998 10:34:00 PM
From: Ed Perry	Respond to of 17679

Resistance, Time and Sector Relative Time Potential resistance coming up from this base would also have to take in a time factor. The longer AXC meanders in this narrow low range of less than 1 1/4 (itself a very bullish sign) the longer it builds a base. A good portion of this base build will be comprised of sellers who, patience being worn down, finally give up and sell. Thus there is all in this same interval, a larger base, less potential resistance for later and finally a better opportunity for a lesser impeded move to the upside. To say the same thing from the point of view of time, the more months and portions of years that a base builds, the better more reliable the up move when the trend finally turns. While some may say it is taking too long to develop for AXC, others will benefit from this procrastination. Here, as you have probably heard it said before, "in the markets, time is your ally not your enemy". One collarary of this observation is, that the longer back in time a potential resistance level exists, the less or diminished influence the level will have. Finally, also consider the factor of AXC being in the technology sector. Many if not most investors in this sector, given the performance of say the last 10 years, will not tolerate anything less than sound, lights and fireworks to accompany their investments. Applied here, the cycle of distribution, markdown, accumulation (here occurring from approximately 10/97) translated is giving AXC a potentially huge base build interval, relatively speaking for this sector. Running ahead of everything. If Ampex does reconstitute itself as an Internet company, then it will need all the shares it has plus more from additional financing to provide an orderly float. Internet issues are trading with a frenzy that rivals tulip mania. Here, forget valuations and forecasts, only the "greater fool" school or "chaos theory" can provide explanation. Fifteen months ago, as a sold out value play, I bought a moderate position in NAVR at 2.50. It has long passed my objectives and I sit back in amazement and wonder at it's performance. I will sell NAVR when it is clear that distribution is occurring enmass to a general public (not day-traders). Ed Perry

To: Hal Campbell who wrote (4015)	12/14/1998 2:09:00 AM
From: Alan Cassaro	Read Replies (2) \| Respond to of 17679

So whatÕs going on? Suddenly everyone on this board is writing like J.D. Sallinger, and IÕm impressed. Maybe the long term toxic shock of owning Ampex actually makes you more literate as you go along. Me, IÕm still in early toxic shock, for this go round at least. Perhaps IÕll never gain the insight that long term pain gives some people. But some things keep coming back to me, for my sense of the >big Picture< although I canÕt >quite< sort out what it all means. The highlights:... 1. Two big loans for millions of bucks. Naturally, it seems like big deals will happen quick, considering the serious monthly interest charges. But nothing happens, and then a few mil go out for Micronet, which seems like a nice start. Meanwhile, thereÕs still all this cash waiting to be spent... 2. Letter goes out to shareholders. ÒHey, be cool for a few quarters, weÕve got a ÒconceptÓ weÕre working on....Ó The magic word ÒinternetÓ is waved in our face, and we start drooling. (This could be hype, itÕs such a trigger word- but maybe not). 3. 25 Employees get laid off. Bad vibes...... 4. A deal is cut with ÒhappeninÓ PR Firm, Imagiao (sp?) Very good sign.. 5. Little Bitty ad for ÒconsumerÓ person is placed on Ampex website classifieds, which give the impression that things are happening ÒquickÓ, ÒsoonÓ....(yesterday?). This seems too subtle to be a clever attempt at hyping the shareholders. Whenever that seems to be in order, Big Ed buys some more stock, usually when the price is moving up. Never when itÕs in the toilet. (To me, thatÕs just plain nuts)......... So why werenÕt they concerned about the interest charges when they first took out the loan, if they didnÕt have an immediate game plan (and they DIDNÕT)?. Well, maybe they anticipate some defense deals in advance, or other deals, and realize that they can handle and follow a longer term strategy. So Why didnÕt they buy a company when the market crashed a few months ago, and companies were going for peanuts? Hey, whatÕs the hurry, particularly if they know where theyÕre going? Or even think they know where theyÕre goinÕ. ItÕs a ÒvisionÓ thing........ ItÕs a little too discombobulated to make a clearly focused picture, but I could swear I smell pork burning somewhere in the distance. Or is it just the flesh of Ampex shareholders...........I havenÕt a clue, but I hope it tastes like chicken when itÕs done.........Ultimately, my senses break apart, and the only image left dissolves into a picture of Richard Pryor running down the street in flames......... Therefore, I'm probably doomed Disregard this post.......Early Warning Toxic shock. .ItÕs way past my bedtime. The little Wife went down to Florida for a few days to visit her daughter and grandson. I had visions of throwing an orgy or something here at the house. I settled for the two cheeseburgers for two bucks at MacDonaldÕs, a 12 pack, and the company on the Ampex board...... So much for the "vision" thing. This has happened for the last two years in a row......Wait till next year....IÕll have Ôem standing in line......... Al

To: Hal Campbell who wrote (4015)	12/14/1998 5:40:00 PM
From: mrvn t. martian	Read Replies (1) \| Respond to of 17679

hal, i found out some interesting info on the trading of the stock today. this stock would have been much higher if not for the following. i have a friend at a specialist firm on the floor of the amex, so when i called him at 2 today, he said he was waiting all day for me to call. there was obviously a huge seller today. of the first 500,000 that traded, only 20,000 hit the bid. i found out that pershing had over 1,000,000 for sale today. i will try to find out tomorrow if they are done, i would assume from the volume today that most of it is gone. i think with that aside, and more news to come hopefully, this stock goes up.