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

To: Ed Perry who wrote (5011)	1/30/1999 3:29:00 PM
From: Hal Campbell	Read Replies (2) \| Respond to of 17679

<< Invest in what you know is a theme which one sees repeatedly in the investment literature. >> So true , Ed. And the knowledge can begin from either being a professional in an industry, or simply in some cases a user of a product or service. One oblique example of that is that many of us 25 months or so ago were users of American Online, as were many of our friends. They were being sued right and left because it was so tough to get online ( customer growth too rapid - what an awful problem for a business to have...lol). As we sat on that mushroom looking around for things to invest in many of us never thought to just look down. LJD was one of the few who did...so congrats for that, Lisa.

To: Ed Perry who wrote (5011)	1/30/1999 3:33:00 PM
From: Carl R.	Respond to of 17679

Ed, my take is that the stock certainly needs to regroup for awhile before moving up again. We may see another retest of 4, but I think 4 will provide good support going forwards, and the stock could well range between here and 5. I'd sure like to see it settle in on the north side of 5, though. On the other hand, it is not impossible that we move up sharply next week with new buyers coming in, and during a seasonally strong time of year, but I won't be disappointed to see the stock establish a trading range for awhile. I guess I said that it could go up, or not. <VBG> If it weren't an internet stock, I'd said it definitely needs to regroup, but since normal rules don't apply to internet stocks, anything is possible, so I thought I better leave an out. <G> Carl