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Non-Tech : Amati investors

AMTX 1.585

+14.9%

3:59 PM EST

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To: pat mudge who wrote (7382)	12/23/1996 10:01:00 PM
From: John Morrison	of 31386

This evening I have been looking for anything positive in my charts. Amati's 200 dma is now 18 5/16 and the 50 dma is 17 15/16. Amati closed at 13 7/8, 24% below the 200 dma. WSTL is also well below its 200 dma, about 26%. PAIR is slightly above it's 200 dma, which is 29 7/16 -- it closed at 32. The Telecommunications sector chart and the Telecommunications equipment group chart both look a lot like the Amati chart. Everything moved up nicely in April/May and then they came down with the large summer correction. They recovered some, then fizzled again. So what we are seeing in Amati, is happening to the Telecommunications sector as a whole. (Maybe Amati can offset this with some good news). But the Telecommunication Equipment group is not quite as low as the xDSL stocks. The group's price is above the 200 dma and right on its 50 dma. Question: What news or events brought the good days to the Telecommunications stocks back in April? Can someone recall that? Was it political in nature? If so is this likely to change? What has changed since then to affect the entire sector? Seasons Greetings to All!

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