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

To: B. A. Marlow who wrote (4781)	1/26/1999 11:40:00 PM
From: Ed Perry	Read Replies (3) \| Respond to of 17679

<<< Some TA like observations >>> Applying my StockBlocks volume tool to the longer term, between the period of 3/13/97 - $6.25 and 10/21/97 - $3.88, 91% of available float traded. From 10/21/97 to date, 155% of available float has traded. This can be interpreted to mean that there are probably relatively few remaining long term holders of AXC from the time before 10/21/97. Two tax loss selling seasons and the lonnnng slump probably took most of them out. If this is the case, then resistance above the price of four should be easily manageable. Also, not in any of today's NY Times, WS Journal or IBD did I see reference to Ampex or TVfortheWeb. I think this is excellent. It means that for this still sold out, beaten down, shadowed stock AXC, the information of events transpiring is yet to be experienced by the investment community and in turn the larger public investing community. Like ripples on a pond from a stones splash, the after effects are still unmeasured. While we in this instant media of cyber space are reacting with excitement, we must realize that announcements and coverage has only begun. Seats belts are advised. Ed Perry