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Non-Tech : Amati investors
AMTX 1.400-1.8%Dec 16 3:59 PM EST
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To: jas singh MD who wrote (23756)8/28/1997 7:59:00 PM
From: Richard D   of 31386
 
Jas,

Yes, things are much quieter without the Hydra-serpent posting. I agree the very smart money will be in Amati long after the mid-twenties. I think, in medium term, there will be some profit-taking there just the same. This is in contrast to the 19-20 resistance, which think we'll pierce by Sept. option expiration, due to any number of news items that Amati could release at the Salomon conference. I guess the question is: are we overbought, or do we still have legs short term (2-3 weeks)?

Regards,

Richard
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