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Technology Stocks : AUTOHOME, Inc
ATHM 24.01+0.6%11:45 AM EST

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To: ahhaha who wrote (16469)10/29/1999 3:27:00 AM
From: E. Davies  Read Replies (2) of 29970
 
Good to have you back Ah.

The question actually was a legitimate one and I'd love to hear why you think it really happens. I know we've been around these circles in private but I have to admit I still don't know what to conclude.

Sellers have been unusually agressive and showing the "feel" of MM activity (sitting on the ask absorbing buyers while keeping the order size fixed). They just sit there absorbing the buying and weigh down the stock. ATHM was always good for a 3/4 point bounce, but not any longer. The only reason I can think of for any seller to refuse to let the stock bounce into buying is to break the spirit of the buyers.

Manipulation? I dunno, actually I doubt it. But it sure seems to me that the "big boys" think the stock should be going down.

Fortunately, often the "big boys" are just plain wrong. As you said, "consider what happens when the boy cant hold it any longer".

Eric
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