Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: vestor who wrote (64101)	10/1/1999 9:36:00 AM
From: ayahuasca	Read Replies (2) of 120523

Regarding ATHM- I think the sour tone of the general market today may present a good opportunity to enter or add to ATHM. If you look at all the other leading internets they have rebounded fairly significantly from their recent lows. ATHM really has not yet done so and is still about 60% off its high. With the confirmed ongoing talks regarding ATHM, T, and whoever else, there should be plenty of attention focused on them for a little while. I think if the market was in good shape ATHM would have opened up 10 or so. Instead we are up less than 3. Day before yesterday ATHM had 35 million in volume on rumors of potential deals/talks- so there is clearly plenty of interest in the stock. In addition recent upgrades to ATHM have put price targets on it in the range of $90-$125 a share. Overall the future looks pretty good, and recent weakness coupled with renewed interest should bode well. I am long ATHM.

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