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

To: Hal Campbell who wrote (5835)	2/25/1999 5:42:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

Hal, First, I am absolutely not saying we should all take profits! At the time of the post, there was a dip into minus territory, and I was thinking to myself that in the general market there would certainly be some small players who had had margin calls, and (at least in my watchlist, AXC was one of the few uppers today). Not everyone, but many prefer to sell winners rather than losers when forced to cover margin calls—or recent buys rather than old (heavily taxable) winners. My worst case here is that the general market keeps going down for a while and drags everything down with it. Then we could go to 2.5, say I. Otherwise, I wouldn't take profits here on a position trade. It has only just crossed above the 14-day moving average of lows, and could easily go above the 21-day moving average of highs which is 4. And I could see it going up to the January high of 5? These things often seem to telegraph where they are going. Short term I would be watching carefully at 4 and beyond. Also watching volume. I wanted to mention that tomorrow is Friday, and the End of the Month. But it is the middle month of the Quarter and so is of less importance for many. To this point this month will not show much of a gain for many, so on that ground too, I would say there is not likely to be downward pressure. Unless there is a dramatic move upward tomorrow, the month will have been a black candle. But following the gigantic white candle of January it does not look bad at all, in fact one would expect a little pull-back after such a dramatic turn-around. I am not a willing bear. I am a cowardly bull. And my nature is to look for problems and let the good things that happen take care of themselves. So I expect there will be more than one bear argument out of me! Let me think about what I am focusing on with AXC (asside from hoping to get rich quick!) best witchya, MO

To: Hal Campbell who wrote (5835)	2/25/1999 7:42:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

Hal, I have given some serious thought to your question as to what it was I was focusing on in AXC. While it is very tempting to respond to this question with hocum, bullshi, bhushi, and jive, my soul cries out to be heard: I smell mula! The root. Substance. Foundation. Remuneration. Pay. I know next to nothing about the technology; you know what I think about what I can see with my eyes via TvontheWeb (no offense Mr. Gardy, it has been explained to me!). I am afraid to look at the fundamentals (take a look at the fundamentals to give yourself a scare!). I do not claim to foreknowledge based on the charts. I have absolutely no faith in capitalism and believe all corporations are run as private kingdoms and as such are a form of madness. (In that regard it seems totally crazy to me (or utterly wise) that this company is located in Redwood City and that it's CEO is in New York.) And I believe as entities corporations all lie, cheat and steal and contrive to put forward only their best side. While I do believe the management of a company is its most important determinant of success, I do not believe it is possible to know or understand management unless one is in prolonged contact in good times and bad. I think to think any other way is to engage in self deception. And I believe that this entire society is engaged in a self reinforcing self deception. And I believe that that as often as not produces results which are sufficient for the swift to capitalize on to their advantage in the making of mula. And that is what I focus on here. So say I, Michael, The King of New York

To: Hal Campbell who wrote (5835)	2/25/1999 8:35:00 PM
From: HPilot	Read Replies (1) \| Respond to of 17679

Hal, Ampex cash flow has always been...dare I say it? Herky Jerky! It start's to dwindle and all of a sudden the Air Force or Lockheed or someone buys a ton of DSR's. You never know when but often in the third quarter when the Government's fiscal year ends. Now last quarter Lockheed and NASA signed large (well maybe medium) contracts which should begin to generate revenue this quarter. Of course they have always been good at holding on the the cash they received, until recently.