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

To: Ed Perry who wrote (5613)	2/18/1999 5:36:00 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 17679

Ed I was absolutely astounded at the action yesterday. With what I thought was massive selling pressure the ask remained at 2 15/16. They took down the bid down several times and accumulated a massive amount of stock, IMO. There was a lot of bid/ask size masking going on too. In previous days, the bid and ask were taking down far easily than today. This was the most evidence I have seen so far that the specialist is actively playing this game. He had to be acquiring massive amounts of stock from $3 to $2 13/16......WHY? Had the specialists been selling short the days before and now taking his cheap stock at a profit? Some people speculate that this accumulation is cheap stock to sell later on a run up. Do you buy this? I thought yesterday was amazing. Either we are poised for another run or I have lost my mind. What do you think? wayne

To: Ed Perry who wrote (5613)	2/18/1999 7:43:00 PM
From: HPilot	Respond to of 17679

Ed, Technical's have there place but I have learned that strict timing rules is where it often fails. For instance one old rule is to buy a stock that is below a stochastics value of 30 which has turned up. But it seems that this doesn't really work that well on stocks. Maybe on Futures which often have low long term trend. Have you ever tried wallstreetcity.com ? Try the free trail for 30 days and try the ProSearch stock scan. It's really neat. It will give you a chart that show's how well a scan has worked for the past year. Anyway if you are shooting for a value stock using a scan with low stochastics works well. But if you are looking for momentum stocks then you will often have better luck with a stochastic set to a high value.