AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 24.26

+1.7%

3:59 PM EST

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To: ahhaha who wrote (19668)	2/15/2000 10:43:00 PM
From: E. Davies	Read Replies (1) of 29970

You don't have short squeezes at the bottom. I never said this was a bottom, though it very well might be. I talk to daytraders every day. ATHM is understandably one of their favorite shorts. They short every morning and cover every afternoon. Easy money. What happened at the end of the day today was clearly a buying panic. People wanted in at any price. I'd love to believe that it was a sudden transformation in the opinion of the market towards ATHM, but it's a whole lot more likely it was the daytraders chasing each other to close out their positions before the end of the day. Either way its true that today the stock found its level where it refused to go any lower. I've don't remember ever seen it sit at the same price unmoving for so long. Could you go a level deeper in what you mean exactly by "price sensitivity inversion"? I think a lot of us would be educated by it. Eric

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