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Technology Stocks : Amdahl

AMH 32.18

+1.3%

3:59 PM EST

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To: Philip H. Lee who wrote (7)	5/8/1996 4:42:00 PM
From: Philip H. Lee	of 158

Bought a lot more AMH today near 11 5/8. Amdahl's correction is probably over. AMH bounced back strongly from its 30-day moving average yesterday. Amdahl should lessen downside risk in my portfolio yet provide some good upside (13-15 target only based on upper Bollinger band). For those who don't know, Bollinger bands are constructed by graphing two standard deviations above a user-selected moving avg. I sue the 30-day moving avg. These bands usually act as trading bands. Over 90% of a stock's action is contained in the bands, and these bands can be used to represent upside/downside extremes.

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