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

To: Dave Heibeck who wrote (6931)	4/9/1999 11:42:00 AM
From: Michael Olds	Respond to of 17679

Here's an interesting post from the yahoo board: by: jackofalltraders 5968 of 5983 A follow-up to my earlier msg -- Here's where the volume on AXC fell year to date: Vol%\|Price Range (Year to Date) AXC 10% $4.76 to $5.625 (note: 52 wk high 5 5/8 on 1/28/99) 07% $4.26 to $4.75 25% $3.51 to $4.00 20% $3.01 to $3.50 19% $2.51 to $3.00 15% $1.01 to $2.50 04% $0.90 to $1.00 (note: 53 week low $11/16 on 10/8/98) Additional notes: * Rough average price paid for AXC ytd is about $3.25 per share * Approximately 42% of the trades were above $3.50 -- a floor? * The 17% of the long volume traded between $4.26 and $5.625 will provide some selling/resistance (a ceiling?) on the way up as it did today with the high peaking at $4 7/16 ($4.438/share)-- The shorts are likely pushing the stock down at or just below $4.50 -- Easiest to spot the shorts and day traders when the trades starting swithcing from 1/16th's to 1/32nds's, or even 1/64th's for stocks selling below $10/share * Today's resistance level is tomorrow's floor!