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


To: Scott Pedigo who wrote (4418)1/11/1999 3:50:00 PM
From: Charles D. Kinton  Respond to of 17679
 
Scott, I am jumping in here to offer my two cents. The volume picked up big time before the rally started. To me it was a given someone was accumalating this stock big time and price would follow. News will be out in a short while to explain what happened.

My guess a good first quarter. Also maybe a venture into the internet. Do not know where it will end. My guess the rally still has away to go.

Chuck



To: Scott Pedigo who wrote (4418)1/11/1999 3:54:00 PM
From: Jimi Plym  Read Replies (1) | Respond to of 17679
 
Over on the Yahoo AXC thread, Botswolak often talks about the market specialist for AXC affecting the short-term price of the stock:

"This afternoon, the stock has dropped back to $1.625. Don't be fooled. Selling didn't result in the drop. It was the drop by the Specialist that caused the selling. Looks very bullish. Specialist is obviously accumulating more. Will probably close below $2 to keep off the RADAR. The stock will take off when the Specialist has been informed that an important news release is imminent. . ."

messages.yahoo.com@m2.yahoo.com
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Scott, I think your explanation makes more sense. I don't know if they can manipulate stock price on the Amex like the Nasdaq MM's can (or can they?)