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

To: killybegs who wrote (4473)	1/13/1999 9:30:00 PM
From: Alan Cassaro	Read Replies (2) \| Respond to of 17679

>>>>>>>>$$$$$$$$$Starting in May we will be adding a third facility on the west coast! This facility will feature direct private connections to all the major public backbone providers (MCI, Sprint, and UUNET) along with private backbone connections. Our most advanced facility yet - Stay tuned!$$$$$$$$$$$$<<<<< I think it's a stretch, a real long shot, maybe one out of thousand chances this is the one. But any irresponsible rumor or casual speculation could pop it back up at this point. People WANT to believe. And that's good. For me. I've decided, just one more half point pop up, and I'm probably out of the stock by 80 percent. Maybe tomorrow...I'm weary of the hype....I can't be in stock that goes bonkers for no explainable reason. Having taken some profits, my ego is finally intact again. (I've got a 50 percent average portfolio yearly return for the last three years now.) Anyhow,I want to be out of the market 6 months before Y2 so I can start storing some canned goods in the basement, as well as learn how to skin and cook a squirrel. The media will certainly create panic in the public perception, even if there are no real problems when 2000 actually hits. Is Ampex going to turn around by June? Hmmmm? These days, we are all part of the media machine. Pump and dump. I'm getting tired of being a stock whore. But I'm Still Keepering the faith. Maybe tomorrow. Al .

To: killybegs who wrote (4473)	1/13/1999 9:44:00 PM
From: Ed Perry	Respond to of 17679

<<< they may even have profits! >>> Then Mr B. will have to come clean about this at the time of the next quarterly.<g> Now that we have the first retracement day I can get the pencils and rulers working. First observation is that all this activity began with the day of 12/11/98. If you look at a 3 month bar chart, you will see that 12/11/98 marks the first day of wave pattern trading on significantly increased volume. Trading activity prior to 12/11, was characterized by sideway bars and uniformly low volume from about 10/29 to 12/10. In this context, the WSJ article appeared approximately 12/29. In sum, whatever changed market sentiment here first manifested itself on 12/11/98 and I know not what that was. For the present huge volume rally, the first rally wave ran from 12/30 (0.81) to 12/31 (1.06). Then a simple consolidation pause for three days. The next rally wave ran from 1/7/99 (1.06) to 1/12/99 (2.50). Applying a little wave analysis here, since the prior consolidation was a simple pause, this current consolidation should be a complex pattern of numerous rallys and retracements. Finally, we should get one more rally wave proportionate to the one from 12/30 to 12/31 - here roughly .75 on top of 2.50 or a target of somewhere in the low 3.00 range. I'm not making a forecast, I am only applying some Elliott Wave Analysis. It's applicability may be relevant. AXC the stock, has certainly got much more air time recently, the WSJ, the most percentage change in volume, a full spectrum of posters on the message boards, etc. And what I find interesting in the postings is a general lack of knowledge about Ampex the corporation. It looks like AXC is in play! However, I do not know the hand being played and frankly the last place I would expect to get am inkling is from the corporate spokespeople themselves. In their position, in this context, I would be reluctant to disclose anything until after the concrete fact. Ed Perry