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

To: flickerful who wrote (6048)	3/4/1999 11:59:00 PM
From: Ed Perry	Respond to of 17679

Without getting too top down about it, it looks like AXC along with many other secondary and tertiary symbols have been in another minor stealth bear market for some 5? weeks now. Characteristics in many cases are modest declines on light volumes, with no real follow through selling, but certainly no organized buying. While the big Dow averages had been somewhat mixed to weak during this interval, today, there occurred a solid revival in the Utilities and Industrials and an uptick in the Transports. Although I find it hard to believe that there are filthy rich capitalists who buy those over priced behemoths, still it looks like market sentiment may be turning more positive. These observations, along with my hearing a lot of recent negative opinion on the outlook for stocks in general may mean that we are ready for another run up. If so, positive sentiment, like crumbs, should fall in the direction of the good just and true stocks like AXC. Also, I have been analyzing waves using my ElWave tool an am projecting time count trend changes targeting the second and third week of March. This Elliott Wave analysis is some spooky stuff. For example, I can read postings on a stock's message board and from this gleen a sense of where some number of people put their blue sky price targets. I then run a wave analysis on the current 4 years price history and I get wave targets which often corroborate these person targets. Are these people inadvertently reading "the waves" or do the waves contain information which reflects what people are thinking? According to academic Hoyle, this information is not supposed to be there. Hmmm. I read my earlier post and was surprised to see how my pen was flying back then. Wow, I wrote that? Now, I honestly have less enthusiasm for that analysis with respect to AXC. It seems like the hard work of divining the turnaround and anticipating the most likely outcome(s) in the true context of uncertainty has been done. We know the general direction of Ampex and, along with the rest of the investment community, await the full official business plan statement. Our diligence may be necessary to see that this one is forthcoming in a timely manner. The sore issues of advertising, press releases and brand identification also seen to be addressed. Again, some diligence from the point of view of an information consumer is required here. The matter of revenues and how these may flow to the bottom line is almost ready to become an operational and accounting issue as much as it had been a target market direction issue. In sum, to await further information before making an investment decision may be somewhat futile here. We have about all we need to know to anticipate a likely outcome. Further information either in the form of press releases or in financial statements will most likely be instantly factored into share prices seemingly almost before the announcement. Frankly, the effort is now in the hands of what looks like most able bodied CEO's and the good works of people like M. Cooper and R. Marione. At this point, we investors are truly at the mercy of management decisions. Now that the hard work of identifying the turnaround seems to have been done, our next task is the scintillating experience of waiting months and perhaps years for the plan to evolve in time and substance. For investors, largely required to sit on their hands, these upcoming months and years can be so .... exciting? Is this a new problem? Ed Perry