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Technology Stocks : AUTOHOME, Inc

ATHM 20.90

+1.1%

Feb 6 9:30 AM EST

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To: MIKE REDDERT who wrote (20835)	4/13/2000 7:13:00 PM
From: FR1	Read Replies (2) of 29970

My personal feeling is that everyone is waiting in angst until they see where earnings reports wind up. Nobody wants to place their bets for next quarter until they hear from the businesses. If you look at the calendar, most of the tech reports are after the bell next tuesday and wed. To add to the problem, this is a odd month in that the 1st was on a saturday. Normally (15th of the month) we would have already been through the major earnings reports. Add to that tax month and the strong desire on the part of fund managers to bring the DOW and NASDAQ closer to parity and you have our mess. Only a few glimmers of light. With rare exceptions, most of the tech stocks I follow that have reported well are not getting hit very hard right now. It is mostly the ones that have not reported or reported low or warned of slow next quarter (example: MOT). MOT is a classic example of why everyone wants to wait until after the CC to place their bets. MOT had 144% gain but in the CC they guided investors down for the next quarter. Anybody jumping in early would have got burned. IMHO, I think it will be over by next Thursday noon. Most of the major tech players will have reported and everyone will have a clear picture of who will do what for the next quarter. The only problem is that Thursday is four days away and that seems like a lifetime. Big funds will start to move in after Thursday and bottom feed on the good stocks that average people dumped in panic. I hate this week. I think it will go down as the worst for NASDAQ. I will feel much better by the end of the month. The only good thing is that I think I bought a lot of ATHM at a good price. I should have taken a vacation?

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