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

To: Hal Campbell who wrote (6515)3/25/1999 2:06:00 AM
From: Carl R.  Read Replies (1) | Respond to of 17679
 
Hal, I'd have to admit that I can't recall ever seeing a graph that looked like AXC's graph for the last 90 days. Basically I see 5 pennants. The stock hits a high, retreats some and hits strong resistance, then eventually makes another up move. I think we are due for another shot upwards, perhaps as early as tomorrow. The other thing I'd like to point out is that the low on this last retreat is so far staying above the previous low, which is a good sign.

There are too many good things happening here for this stock to languish for 2-3 more years. This stock will break out of this pattern soon enough. I just hope it's to the up side.

Carl



To: Hal Campbell who wrote (6515)3/25/1999 10:56:00 AM
From: Hal Campbell  Read Replies (1) | Respond to of 17679
 
One last point. While Ampex does not have to release financial detail on their TV and AEN investments in the K, I certainly hope they do.( Unless it would imperil other negotiations).


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