Ah, my good friend, Wingman. You shouldn't be too concerned about ATHM stock price. It doesn't have much if any downside risk and I totally agree with my post of 12/9/99 to Jochen. The problem is that the company has to address and solve their problems. Until they do that any move up will be suspect. This is a base and you hate to be holding while a company is in a base. You watch them when they are there and when they start coming out, you DON'T buy. You wait until they fail again and then if fundamentals are somehow subtly improving and they put in a higher bottom setting an uptrend, you buy a little. If it continues up, you buy more. If it doesn't, you hold, you don't average down, but you should consider selling.
If the market goes down, ATHM won't follow. If the market goes up, ATHM will jump up and then dwindle just like it has been doing. You don't buy into these jumps without fundamental development, but you might sell because you don't have to own anything and there are many better opportunities out there that are patently obvious. If you don't take this view, you're not being objective. You're married to your own prejudice. If this is true, you should sell regardless simply to break the functional fixation of a feckless marriage. |
