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

To: Michael Olds who wrote (5106)	2/1/1999 9:57:00 PM
From: Hal Campbell	Read Replies (1) \| Respond to of 17679

Michael, my comments about neurons and the AXC experience was not a prediction of a tumble. It applies whether the stock rises or falls. Not like say a nice clean balance sheet value growth stock that has a sustainable multi year 25% growth rate- top and bottom lines- but is still selling on a dip at a PE of say 10 or so.You can usually buy 10 of those and expect 8 or 9 of them to eventually rise based on the soothing numbers alone. I am long because I like the story too. And I think there are many bits of significant news still to come. But right now - either on the way up or on the way down - AXC remains tough to value by any traditional measure. And that leads to amplified emotional response to rises and falls. For me anyway. The AXC experience! Wish they could bottle it!