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Technology Stocks : AUTOHOME, Inc
ATHM 21.01+0.5%3:59 PM EST

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To: ahhaha who wrote (20771)4/12/2000 8:16:00 PM
From: E. Davies  Read Replies (3) of 29970
 
The stock has a neutral consolidation in this frame with RISING BOTTOMS.

Does the end of day dump change your view at all? We did have rising bottoms holding up well most of the day, but on the other hand we also had falling tops ending with a break of the 26 1/2 support level.

I know the bottom is *soon*, but I'm in no ways certain it is here. We bounced off 26 on last Tuesdays dump so its a pretty natural level to hold.

That means that selling causes the price to rise,
Or it means that buyers were more stubborn than sellers. Either way its a good sign.

Every time (except the last) ATHM hit 26 1/2 today I bought all I could afford, then sold the bounce.

I have this ugly feeling that ATHM is gonna keep going down until either myself or KailuaBoy capitulate. Problem is we are both too stubborn. We are both determined to be the last one standing.

I'm hurtin big, but don't feel totally sick to my stomach yet. That will happen in the low 20's. Maybe the fish will have been right after all.

Eric

PS- We sure could use that Portland ruling now- however irrelevant it really is.
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