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Technology Stocks : AML Communications (AMLJ)

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To: Roger Brown who wrote (52)3/8/1997 12:21:00 PM
From: mugicha   of 110
 
AML has dropped low enough to entice me into buying it. Now below the IPO price of $8. IMO the main reason for the recent decline is the overall bearish outlook for the wireless communications market. The street has concerns over a possile slowdown in the handset market and is taking it out on equipment suppliers like AMLJ and DSPC. Speaking strictly from a technical standpoint this one should rebound quickly to the 9-10 dollar range. I am buying at market open on Monday. I believe the company to be a good one and after this I might keep a few hundred shares.

Brian
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