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Technology Stocks : AUTOHOME, Inc

ATHM 23.81

-1.1%

3:59 PM EST

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To: Frank A. Coluccio who wrote (11182)	6/13/1999 7:23:00 PM
From: DavidCG	Read Replies (2) of 29970

It seems everyone is expecting ATHM to fall into mid 70's Usually when everyone expects something, it simply doesn't happen. There wasn't a clamoring of support for calling ATHM in the mid 80's a few days ago, and guess what, we have ATHM in the mid 80's because no one expected it. What it signals to me is that people are willing to bet the farm on ATHM if it reaches mid 70's. I don't believe the mm's are crazy about letting people pour their life savings into ATHM that cheaply. If everyone finds it extremely attractive there... wheres the burden of risk that you bear? So I'll be the sole fool that believes that we might drop four points from here and then jump higher. ATHM is a stronger company today than it was 6 months ago. I believe $198 was extreme stupidness and greed as well. Watch ATHM run back to $115 in the next 3 weeks. And a 30 point rise is nothing to laugh about. -DavidCG

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