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

To: flickerful who wrote (6285)	3/16/1999 2:22:00 PM
From: Hal Campbell	Respond to of 17679

Revisiting an old post of mine....when AXC was sliding towards 75 cents again ..... I think it applies now too ( though these slow slides always make me nervous too) <<revisiting Ney <<When the specialist has sold all his inventory, and has sold short, he will then begin a downward slide of prices so necessary to his plans. Slides are a mirror of rallies. Near the bottom, the specialist will increase the angle of price decline, alarming investors, scaring them into selling their shares to the specialist who needs them to cover his short sales, and to build a new inventory at wholesale. The media will remain bullish, or cautiously optimistic throughout a slide, until the last two weeks, when they will turn suddenly bearish (3Ney, 158).>> General point being - those brave folks who have chosen to hold or buy AXC around these scary prices and times ...always examine your reasons...be willing to sell if they clearly have been demonstrated incorrect ....but please don't let price action alone or the emotional amplification of this and other boards ever be the primary reason for a sale. Talk indeed does get most frightening near a bottom ......awww but ya'll know that.