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Non-Tech : Amati investors
AMTX 1.470-5.8%Dec 12 9:30 AM EST
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To: John Morrison who wrote (8528)1/16/1997 2:04:00 AM
From: Eduardo Fisher   of 31386
 
I wish I knew what you technical analysts mean by "support level." I supported AMTX at 6 the first time I bought, I withdrew this support at 21. I supported again at 15, but down it went. I guess I really didn't support much. This seems to be some price below which the stock should not fall, but then you go and predict what it will fall to next. How can a stock have support at two levels. If it had support at the first, it wouldn't drop to the next. And how can ANYONE know where the bottom is?

Of course, I understand that its more likely that the sky would fall than that we see INTC drop to 0 (the lowest support level), so it is safe to say that INTC has support above 0. But who really knows what that number is.

Eduardo
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