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

To: Michael Olds who wrote (7392)	4/16/1999 8:02:00 PM
From: Sam Sara	Read Replies (1) \| Respond to of 17679

More from Yahoo board AXC will make you rich. Here is the reason why. Market is clueless about this stock. This is an internet stock in its embryonic stages. When the larger market finally wakes up to what has been under their noses, there is going to be an ENORMOUS run on this thing. Exact magnitude is very hard to predict, but I am very confident that this is going to really pop. Why do I think AXC is a moonshot? One reason is my observation of recent movement in stocks NTBK and WCAP. Both of these stocks have had significant runs lately, and story was there for all to see weeks/months before runup occurred. WCAP is especially instructive, since they are essentially a holding company, just like AXC and CMGI. In fact, recent success of WCAP stock will only earn fuel to AXC, once people figure it out. WCAP has interest in Worldgate (WGAT), an internet IPO that just came out this week. I found out about WCAP at the $17 level, but did not invest because of what I thought was good sense. In retrospect, good sense is sometimes counterproductive when it comes to Net stocks. People are looking for next CMGI, and WCAP is a pale imitator, but story was good enough to pump WCAP. Same thing will happen to AXC. TV on the Web is a better story than Worldgate, and there is also AENTV and storage aspect of AXC, so runup in AXC will be huge. The AXC story is compelling, and needs only the proper trigger to ignite things, just like other net stocks. BCST, NTBK, RNWK etc. based for months before they ignited- when they did, investors became rich. Same thing will happen for AXC. Over the short term (weeks), there will be significant news coming out on AXC/TV on the Web. We know this already, as NAB convention is next week, and will kick things off. Major events to ignite stock will be announcement of increase in AXC stake on TV on the Web to 51%, announcement of TV on the Web IPO, and actual pricing of IPO. This, of course, completely ignores further operational news from TV on the Web, possible further affiliations, AENTV, and storage announcements, all of which will only further fuel stock price. How does a 100-200% return over a few weeks sound? Sounds pretty good to me. So does early retirement, and it is heading my way.