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


To: Stephen M. DeMoss who wrote (5105)2/1/1999 8:32:00 PM
From: Denice  Respond to of 17679
 
I did my part and bought 1000 shares this afternoon. Didn't get the bottom but close enough. I promise to hold until I at least have a profit (VBG). Does that count?

Seriously, in this stock for a while unless Ed McMann comes to my door with a million dollar check. You could all see me on the 6 o clock news wearing a great big smile. First thing I would do, is buy myself two front teeth!

Good luck to all

Denice



To: Stephen M. DeMoss who wrote (5105)2/1/1999 9:46:00 PM
From: Hal Campbell  Respond to of 17679
 
LOL....Steve, I had sworn I wouldn't post again for a long time. Used to do that every 3 posts or so. A friend told me I would. The friend was correct.Again....lol. Well, if you are long and find their new direction convincing, Steve, and if TA tells you 2.625 is a possible support point...wait for it or something close to it. It is the destination that counts more than zigs and zags in the road. it'll settle down once the MO players have fled. I literally cannot rationally buy anymore. Have a modest 30,000 now, and need all my uninvested cash to pay household bills.



To: Stephen M. DeMoss who wrote (5105)2/2/1999 2:22:00 AM
From: Carl R.  Respond to of 17679
 
Relax, Stephen. This stock is going to go where it's going to go, and a few people buying or selling a few thousand shares would be but a momentary blip. Don't kid yourself into thinking that a message board can affect the price of a stock with 60 million shares outstanding.

The stock is undergoing a healthy consolidation right now. It may go down and close the gap at 2 5/8, and it may not. If the company continues to do things right, and finds a bit more news to announce, we'll eventually move to the 5-6 range. In the meantime my expectation is that the range will be similar to today for the rest of the week.

Carl



To: Stephen M. DeMoss who wrote (5105)2/2/1999 10:39:00 AM
From: stan s.  Read Replies (2) | Respond to of 17679
 
Pure gaps (windows) invariably have to be filled (closed). It's relatively rare when it doesn't occur.

Most longs should want to see it happen now...not 3 weeks, 3 months or...

We were on the way...'til the news item.

One of the benefits of rising windows (gap ups) is the formation of new and higher support lines. The top of the gap or window offers a new level of support.

In this case 2 5/8 on a closing basis. It's not impenetrable by any means...but it helps.