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Non-Tech : Amati investors
AMTX 1.510-6.8%3:59 PM EST
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To: Steven Sage who wrote (5539)11/13/1996 3:35:00 PM
From: Richard D   of 31386
 
Steven,

I tend to agree with you. As Ron Ensana (spelling?) said on CNBC: the market seems to be pricing in nirvana. With everything so perfect on all fronts there may be little better news to expect. This leads me to believe we are very close to a short term top. If any significant bad news hits the market, it is very vulnerable. The Fidelity Magellan mutual fund has allocated 89% of funds to stocks. There will be few buyers left soon and I believe there are many people on margin speculating for a blow off high in the Dow. It has worked thus far but the faster they go up the harder they fall. This has been the main reason for my staying clear of Amati as it has exagerated correlation to movement in the high techs.

Just an editorial, sorry no URL's. (Still like the company long term)

Regards,

Richard

(Dow at 6278)
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