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

To: Sam Sara who wrote (7046)	4/12/1999 9:07:00 PM
From: timothy alan morris	Read Replies (1) \| Respond to of 17679

Speaking of retracements, kudos to the TA guys here that very accurately called the gap filling retracement from the previous recent high in the 5s to the mid 2s.... nice call. What's next? Tim

To: Sam Sara who wrote (7046)	4/12/1999 9:16:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 17679

On the other hand on both the big jump around Jan. 8 and the big jump around Jan. 22 the stock kept making big upwards moves for several days without retrenching. Thus a move to 6 or more tomorrow is at least as likely. Look at CMGI if you want to see a series of big moves back to back. As for the sharp intraday dips to take out stops, yes, we'll see more of that. But there is no way the specialist can play that game when volume is heavy. Eventually it will slow down and we'll see that trick again though. As for playing for a small dip here, no way I'm selling even one share until NAB. Carl