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

To: Scott H. Davis who wrote (7584)	4/19/1999 8:48:00 PM
From: RidgeRunner	Read Replies (3) \| Respond to of 17679

Hello, to all. This is an historic post (at least for me). After lurking here for over two years, I finally took the plunge and signed on as a lifetime SI member. My decision to cough up the $200 was made easier by the $70,000 in net profits which resulted from two AXC trades I have closed out so far this year. This is a lot of money to me, and has given me lifestyle options I never expected. I mention this not to boast, but to say thank you to all of you who have contributed so much to this board during my two year lurking tenure. I am not a computer/communications wizard, so your patient explanations were invaluable to me. I am, however, a former commodity futures trading advisor with over twenty years experience. You may think I'm crazy, but I see a lot of similarity between futures trading and the current volatile tech stock markets. The emotional swings are incredible. The good news (for me, anyway) is that unlike a futures contract which eventually expires, my bought-too-early Ampex stock could still be sold at a profit after being in the hole for what seemed like an eternity. It reminded me of the distinction between a stock speculator and an investor: A stock speculator buys a stock, it goes up, and he takes a profit. An investor buys a stock, it goes down, and he waits for it to go back up to his entry point so he can get out even. Based on a lack of follow-through despite a blizzard of recent PRs, I expect AXC to experience some price erosion in the coming weeks to a new basing area around $4. If that occurs, I will load back up and see if I can enjoy a third round of AXC magic. Again, thanks to all of you for a great thread. RidgeRunner