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

To: Ed Perry who wrote (4378)	1/7/1999 11:27:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 17679

Well then let's take it a step further and discuss why the fact that the stock spent a considerable time between 1.77 and 3.27 implies heavy resistance. Due to the large amount of stock that turned over at those prices a significant number of shares are currently owned with a basis in that range. Persons who have been holding for two years at a loss will be greatly relieved by the opportunity to get money back that they thought was lost. In many (most) cases they have long since given up the dream that AXC will make a huge profit for them, so getting the money back will be seen as a great achievement. Thus as the stock re-enters its old trading range, long time holders can be expected to exit, and it will take a very sizeable new group of stockholders to replace those leaving, so it will be difficult to get through that resistance zone. Granted some of the old holders have already sold for a loss, but many are still holders looking for a chance to get out. I appreciate your adding detail to my analysis. I don't do detailed TA on most issues. Rather I got my resistance points from a quick eyeballing of the long term chart. I for one am looking forwards to testing the resistance. <VBG> Carl

To: Ed Perry who wrote (4378)	1/16/1999 10:30:00 PM
From: Scott H. Davis	Respond to of 17679

Ed, I'm catching up & thought I'd comment on Multiple investment disciplines. There is a thread here (was great but now quiet) called "The Rational Analyst" A phrase coined by John Bollinger to include TA, FA, and as trhead members applied it, business case (product/market analysis) economic cycles, market psych... I'm not adept at TA to be a trader (have a decent day-job anyway) But I do use TA to spot entry points, and when to take profits. I've helped provide TA Education some on threads where everybody was even more clueless than me. TA comments with explaination are a good contribution to a thread. IMSCO Scott