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Technology Stocks : AUTOHOME, Inc
ATHM 24.92+0.3%3:59 PM EST
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To: Schmedley who wrote (18844)1/15/2000 1:01:00 PM
From: E. Davies  Read Replies (2) of 29970
 
Although judging by today's ruthless pounding of any attempt to rally, I would venture to say that there are some major interests out there who are determined that the ATHM chart doesn't get out of hand

All you need to do is look and it becomes extremely clear. Massive efforts have been made over the last few months to keep ATHM under and keep the momentum players away. I would never have believed it if I did not see it for myself.

Why? My only theory is that there are a major shorts out there who have been shredded by the insanity internet stocks and have picked ATHM as a workable target. Big float & not one of the majors (YHOO, CMGI, AOL etc).

Problem with pushing a stock down in a soaring market is that you can only push so far. Then it snaps back & bites you.

Eric
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