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Non-Tech : Amati investors
AMTX 1.600-1.8%Jan 9 9:30 AM EST
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To: Galirayo who wrote (23275)8/21/1997 1:30:00 AM
From: SteveG   of 31386
 
<I really liked the part about the 20 not being unreasonable>

Seems there may be some resistance at 17ish, but lacking good news (or the imminence thereof), I think 20 would be overdone. Traders involved now (check out that bullish up-volume today), so profit taking and choppiness may be the course pending more substantially motivated movement. 15, or failing that - 14, are obviously important levels to now establish support for. I don't think we'll have any real trouble with that, and with the ADSL and small cap buzz in the air, I think we stay in the 15-18 range pending news.

Then again, this thing has a history of getting ahead of itself (I don't think anyone expects yearly profitability until 1999), so who knows?

Steve

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