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Technology Stocks : AUTOHOME, Inc
ATHM 23.66+0.8%3:59 PM EST
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To: Educator who wrote (11933)6/30/1999 6:34:00 PM
From: E. Davies  Read Replies (2) of 29970
 
Did other tech/Internet stocks follow the same pattern?
The general pattern was the same, but after the FOMC announcement of the small rate hike the relative strength in ATHM evaporated.

ATHM started the day stronger than its peers but ended flat to where it was before the FOMC annoucement that caused the market to explode. It looked to me as if traders were abandoning ATHM for the first tier "Old net" stocks like YHOO and EBAY.
Eric
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