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

To: Michael Olds who wrote (7590)	4/19/1999 10:10:00 PM
From: Sam Sara	Respond to of 17679

Internet correction is nearing end. No one can predict short term price movements, but I think we will have one (maybe two) more days of significant losses on internet stocks, and then price stability. Lots of smart money goes on momentum on these stocks, and technicals are such that we are nearing buy levels. Also, I am a bit of a cynic about these things. I think Wall Street is fleecing the general pubic through these stocks, and there is too much money to be made from suckers for market makers to allow total net crash- no, this correction is partially manipulated. Market makers/specialists recognized overbought nature of market, and contributed to correction by shorting. When price reaches proper levels (which we are nearing) they will cover to stabilize prices, and the cycle will start all over again. Net stock bellwethers like AMZN, AOL report next week, and good reports will cause solidification of price stabilization, setting stage for another speculative bubble. This is good for AXC, as this recent net correction is simply "noise" that will be forgotten in a few weeks/months, as TV on the WEB and AENTV, and Ampex itself continue to establish an internet presence.