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Technology Stocks : AUTOHOME, Inc
ATHM 23.48+1.2%Nov 21 3:59 PM EST

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To: ld5030 who wrote (19419)2/5/2000 3:05:00 PM
From: ahhaha  Read Replies (1) of 29970
 
Yep. It's pure patzer. The stock hasn't broken up through its major down trend, so why do you have to buy it? You wouldn't be justified in even considering a purchase unless it breaks up through its major down trend and closes above 40 and then rallies to around 45, and then breaks back down and shows it can hold 40. If it can then do that so that it establishes a compression bottom, then you'd be justified in buying it when it rose through at least 42 assuming things are fundamentally improving though weakly so. The whole above process will take months if that is what is going to occur. By chasing on the down side you are saying that you believe something that is getting cheaper is the kind of thing you want. Isn't that contrary to the purpose of investment? You have to learn that you don't have to own anything and often what you think you need, you don't.
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