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

To: wlcnyc who wrote (8730)	5/23/1999 9:14:00 PM
From: Michael Olds	Read Replies (1) \| Respond to of 17679

The Flip Side A Shares Issued and Outstanding: 49,782,547 Held by Institutions and Insiders: 18,999,332 Available for Trading: 30,783,215 Average Daily Volume: 519,700 Theoretical days to 100% Turnover of Shares Available for Trading: 59 Average days between significant Highs and Lows since 12/15/98: 29.5 Inferred Number of Shares in “Strong Hands”: 12,593,715 Inferred Accumulation into “Strong Hands” from each new High to Low, or Low to High: @1,000,000 Sh. Additionally, the number of days between Highs and Lows and Highs is decreasing: the last two being 24 days each. If we assume the absurd—that both the accumulation and the acceleration continue: it will be no more than 240 more days before the entire float has been accumulated by “Strong Hands”. Not assuming the absurd, I think we can be confident that strong accumulation is underway, and that there will shortly be a point where the forces of supply and demand alone will boost the share price significantly. OK: I admit all this is based on very slender data, including calling the last low at 5/10, and taking no heed of the fact that the highs have been news related.