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Technology Stocks : AUTOHOME, Inc
ATHM 24.74-0.4%10:54 AM EST
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To: E. Davies who wrote (19591)2/13/2000 12:19:00 AM
From: KW Wingman  Read Replies (3) of 29970
 
I doubt if T-Mex will admit a failure like I'm going to do.

<<<The sane thing to do would be to sell and wait for the stock to come out of a base.>>>

I agree, but it doesn't seem to work out that way (at least with me). You sell the stock , buy something else and then forget that POS original company or if you don't think it is a POS, you don't pay enough attention to it so you don't get back in when it comes out of it's base.

For example I bought 1000 shares of TQNT 5/18/98 at 22 3/8. For the next 3/4 year, the stock was down in a rising market. I got discouraged and sold 1000 shares 2/7/99 for 19 1/8. Then big surprise, TQNT took off and has not looked back. I did not get back in. TQNT is now selling at 257 1/4 It has also had a 3 for 2 stock spilt since I sold. The stock is up over 2000% (12 mo). Is this the right time to get out of ATHM and into a mover like TQNT? I don't think so, It is more likely to be time to go short TQNT. ATHM has less downside risk and is great value in comparison to other dot com stocks. I believe it will break out of it's downtrend within the next three months.

Getting into the right company early pays off big time. I got into 1000 QCOM at 27 and am still riding it with 1500 shares after having sold 500 shares half way up and 500 shares near the current high after 4:1 split. CMGI has been even better. I tend to be early. For a long time I have been most bullish on the long term prospects of ATHM.

I have learn my lesson. I believed in TQNT but I sold it because it did not move the way and when I wanted it to. I quit that stock only to see it take off to the moon and stars.

Not with ATHM, not this time,

KWW
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