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

To: Andrew who wrote (7025)	4/12/1999 2:39:00 PM
From: Brian D. Potts	Respond to of 17679

Andrew PSI Net and TV on the Web have some type of relationship. I believe TV on the Web content is on the PSI Net backbone. Brian

To: Andrew who wrote (7025)	4/12/1999 3:06:00 PM
From: Sam Citron	Read Replies (3) \| Respond to of 17679

...we seem to have hit resistance. Does this mean we're headed back down to retrace after the buyers are satiated? That's the $64,000 question, Andrew. The answer depends on how many disheartened longs who bought earlier this year in the $5 price region only to see their shares subsequently decline some 40% want to get out with their egos intact at a break even basis. This is part of the psychological basis of resistance levels. Then there are the TA types who just trade these bounces, some of whom may go short at such a juncture. But it all comes down to the eternal war between the bulls and the bears. If we can stay in $5+ territory for a few days it would be very encouraging because the shares then become "marginable", vastly improving their marketability. Today's close should be quite interesting. Sam

To: Andrew who wrote (7025)	4/12/1999 7:09:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 17679

A retracement from here back into the upper 4's would not be surprising. I don't think we'll fall too far if at all, though. I would guess from the reaction to the press release that the new man has a great reputation, and that a lot of people sat up and took notice of Ampex today. Furthermore I would be surprised if no analysts were in the group that noticed them. Whether it is from the stock action, the press releases, or from exploratory contacts with underwriters I would be surprised if we don't have analyst coverage within the next 30 days, which should drive the stock up some more. Now the mystery to me is, will they change the name of the holding company to Internet TV Network? Carl