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

To: Ed Perry who wrote (4425)1/11/1999 9:13:00 PM
From: Carl R.  Read Replies (1) | Respond to of 17679
 
Once again I agree with your analysis. We blasted through the easy resistance around 1.5, and it didn't surprise me to see the stock go back down to retest the area. We encountered resistance in the mid-2s as expected. Then we began a healthy retracement. I was pleasantly surprised by the bounce off 1.625 and consider the action today very bullish. If this heavy volume continues we should make it to the upper end of the resistance area fairly quickly, again I agree that it could be in a matter of days of just a few weeks.

All in all, the action was surprisingly healthy and bullish.

Carl



To: Ed Perry who wrote (4425)1/12/1999 5:42:00 PM
From: mrvn t. martian  Read Replies (1) | Respond to of 17679
 
ed, i agree with your reasoning for the bottom at 1 5/8, mine was a bit simpler. i took the run, 7/8 to 2 3/8, a 1 1/2 point run, subtracted half of the run, 3/4, got 1 5/8. once it hit 1 5/8, it shot right back up. this is not a dead cat bounce, we have a specialist who is baffled and major buy volume, something is cooking and it smells good.


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