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

To: Thomas Kirwin who wrote (7929)	4/26/1999 10:40:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 17679

You can suggest anything you like, but I don't place stop losses as I've watched shares stolen by market makers too many times. I have a vivid memory of the time in October of 1997 when a friend of mine had a stock open at 28 and close at 30, however he sold his stock at 19 due to a stop loss. In any case, while I do trade, I'm not trading AXC. I sold enough to recover my initial investment, and while I expect the stock to fall to 4.25 over the next week, I'm not concerned about it. Your technical analysis confirmed for me that 4.25 is probably inevitable before advancing. If it does hit 4.25 as I expect, I will probably re-load. Thanks, and good luck, Carl