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


To: Alan Cassaro who wrote (5799)2/24/1999 1:12:00 PM
From: Michael Olds  Respond to of 17679
 
Possible relation to the rest of the market here. Nobody wanted to make a movement the last two days because of Greenspan's testymoney.

Second thought is that AXC is still experiencing the once burnt, twice wise reaction.



To: Alan Cassaro who wrote (5799)2/25/1999 8:08:00 AM
From: TheBusDriver  Read Replies (2) | Respond to of 17679
 
Michael could be right in his response to you but what I think it is the specialist making a little money for himself. Volume was not high enough to justify these prices. Think the specialist is taking advantage of little guys buying who in their own way are small scale MO players.

I did see a couple rather large 20k+ blocks get traded. This made me feel very optimistic about long term direction.

Unless we have more news release or an increase in volume we will not sustain this rally. So how about support guys? think $3 will hold?