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

To: flickerful who wrote (4567)	1/19/1999 3:13:00 PM
From: Ed Perry	Read Replies (1) \| Respond to of 17679

Why now.... I have to guess, but once management of a publicly held company becomes apprized of an information leak of a forthcoming announcement they are SEC duty bound to have a "For Immediate Release". One group of investors cannot be advantaged over another. There is a lot of resistance today at 2.50 as there was on Jan 13. Since it looks like AXC can't go through 2.50, it most surely will. Unless the quarterly is really bad, and badly handled as well, IMO forget the 1 range, after 2.50 look for 4.00. BTW, today's Investors Business Daily is the centennial edition and has a great synopsis of the 1990's. Ed Perry