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Non-Tech : Amati investors

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To: John Hunt who wrote (13984)4/11/1997 11:37:00 AM
From: iceburg   of 31386
 
Psychological player.

Meaning I like buying stocks when the masses are panicing, and selling at the heigth of a feeding frenzy.

Like I said, I have no interest in this company at the moment, I was just wondering how it was commanding such a high share price when management has such a crummy track record and they have little revenue, no earnings and no cash.

I'll leave you all alone now, I just wanted to give the board the reason there stock was dropping and warn them not to margin themselves into a dangerous situation thinking it can't go any lower. It might not, but more likely it will. I've read posts here where people have maxed out credit cards buying gets at $15 a share, this is not wise behaviour and I'm trying to balance some of the blind optimism delivered by your messiah.

Good luck all,

Steve
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