<<I don't understand. Pat is not an oracle and never claimed to be. <<She states her opinions, they are clearly hers, and where they are <<based on information derived elsewhere she gives
<<the source. What more can you ask? -- Tom D.>>
I don't know how Pat feels about me but I respect her dilligence of,
honesty regarding, and loyalty to this stock. She and many others firmly believe in Amati and I find that admirable. But when the ticker turns as sour as it has for Amati, you must stop blaming it on Market Makers, Institutions "pulling strings" for friends, and those evil short sellers. You must start looking for real reasons.
Opinions are fine, but they lose their value after 20 consecutive times of being wrong. How many times can a stock test new lows before you pull back and take a good look and ask - maybe something is wrong here.
People on this board tend to celebrate every 1/2 point gain, even if it immediatly follows a 2 point drop. People should be past the point of *seeing* "a rounded bottom" when anyone can see it looks like the middle of a double-black-diamond run at Jackson Hole WY. I could collect 100 opinions here that look real silly now.
I'll give you all the bottom line.
Amati is bankrupt.
They would file chapter 11, except their technology is good enough that it will command financing from private investors, keeping them afloat for a while.
This is great, except:
1: The people lending them the money are not willing to pay these exorbanant (sp?) prices.
2: The people who provide the financing will be preferred share holders and as such will have all rights to the technology should Amati fail and go under.
3: By the time ASDL becomes a real force, there will be well funded, well organized competition for Amati.
I hope Amati succeeds, I hope it succeeds big time, the little investor gets beat up too often. But when she turns around, you will know. don't look for good signs when they aren't there, the MMs manipulate your emotions. Thet bring it down 3/4, let the outraged people trying to support the stock bring it back a little, causing temporary optimism. Then they will test the low again. The amount of the recoveries and duration will vary, but make no mistake, there is a method behind bringing a stock down.
If you want to see a rounded bottom look at GND. They went from 10 to 30 to 10 to 35 to 9 and are just starting to rise fast. They have a book value of $13 a share and are predicted to make money ($2) each of the next two years.
Again, hold on if you can, but don't margin yourself into a dangerous position on AMTX.
Regards,
Steve |
