AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 23.89

+2.2%

Dec 5 3:59 PM EST

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To: CGarcia who wrote (13971)	8/10/1999 9:51:00 PM
From: E. Davies	Read Replies (1) of 29970

as opposed to someone who bought at $40 a couple days ago and sold at a loss in the low $30s today That is not day trading, it is position trading. A good daytrader with a little discipline would have bought ATHM at its resistance of $38 3/4 and then sold it at $38 1/2 when the resistance failed to hold. He would have then gone short at 38-38 1/4 and ridden it down to around 34 or 35 when the momentum slowed. etc. I'm definitely coming to the conclusion that you either watch the stock each and every instant the market is open or you just close your eyes and wait for 2002. This is most true for a stock like ATHM that moves on rumor and emotional turbulence. Eric

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