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Technology Stocks : AUTOHOME, Inc

ATHM 22.23

-4.5%

Dec 31 3:59 PM EST

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To: E. Davies who wrote (11586)	6/22/1999 12:32:00 AM
From: Ron Dior	Read Replies (1) of 29970

<<First there is resistance around 60 to deal with. 120 was a significant number before the split.>> Eric, you are correct. $120 will be a big hurdle to go over. In the past it has been a nice support level for our ATHM but now it will be a resistance point. I am curious as to how well ATHM will hold up on the next downturn. Psychologically, the price being well under $100 should keep the panic to a minimum. I am looking for a sell off @ $70 if we break through $60 this week. Many got in around $140 and they will be dumping at the first sign of weakness above that level. I look to cut back on 50% of my position at that point and will dump the remainder of my position @ $160 level awaiting the next pull back. This of course is in retrospect to future economic data. Ron Dior

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