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

To: Ed Perry who wrote (5772)	2/24/1999 8:14:00 AM
From: flickerful	Read Replies (1) \| Respond to of 17679

<<To put it in context, if Ampex strides into the teens, with relatively modest capital requirements in say a three year holding period, quite a few of the long term position investor / contributors on this very message board will see million dollar plus position closeouts.>> sound reasoning as always, ed. and that is not even LONG TERM long term... however, <<The trick is in knowing how to switch hats without first landing in "Jail". >> i knew you wouldn't be able to resist. <g>

To: Ed Perry who wrote (5772)	2/24/1999 8:16:00 AM
From: flickerful	Read Replies (1) \| Respond to of 17679

and i bet you feel better now, too, huh...<g> <eom>

To: Ed Perry who wrote (5772)	2/24/1999 1:13:00 PM
From: Carol M. Morse	Read Replies (1) \| Respond to of 17679

Thank you for your insightful post, I've followed this thread for many a year and learned many things about investing and stocks. I agree with you that the long term trader will be ahead of short term traders as long as attention is paid to exit and entry points. That's why I'm kicking myself for not getting more AXC last week than I did, but I don't get $200 every time I pass go....and my IRA is now fully invested. Hopefully there will be another opportunity to buy more AXC at 3ish (Vermont Ave. prices). Best to all and thanks for the good info. Lurking under Community Chest, CMM

To: Ed Perry who wrote (5772)	2/25/1999 4:10:00 PM
From: TraderAlan	Read Replies (3) \| Respond to of 17679

Ed, <That "Coiled Spring" is day trader talk for a trade setup situation. Basically, it's a contra trend move on declining volume. B A Marlow used the term coil and / or spring some days back in discussing this pullback.> The Coiled Spring is not a contra-trend situation. It bases off price range constriction. I also don't have a clue who B A Marlow is. I named the Coiled Spring myself. The inspirations are Linda Bradford Raschke and Toby Crabel, who wrote a piece popular with futures traders on opening range breakouts. As for "day trader talk", the Coiled Spring is completely time frame independent and can be used on a monthly chart as well as a 5-min one. It comes in quite handy in managing mutual fund allocations and long term positions. Where I find technical analysis most undependable is with very low priced stocks, like AXC. I personally don't trade stocks this low in price anymore because of that. TraderAlan aka Alan Farley editor/publisher The Hard Right Edge hardrightedge.com Morning Trader hardrightedge.com