AUTOHOME, Inc Message Board

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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 (21717)	5/3/2000 11:23:00 PM
From: ahhaha	Read Replies (4) of 29970

No. What I did was offer the two a chance to come out today and show some courage by asserting that today the stock bottomed. They felt bold enough to make such claims at a time when it was a very poor strategy to buy. You don't try to pick bottoms. You have to wait for the move to put in a bottom, test the bottom, and retest. Each successful test gives you more confidence. You still aren't justified in buying. The stock, the market, all have to base whatever that may mean, and then break out of the base. That's the only time you are justified in buying ceteris paribus or better. Also, it is an exceedingly poor idea to state what you are doing in the market. Making predictions isn't too bad, but divulging your actions compromises your psychology. It is 'Nut's psychology that is effected by my comments. He hung himself out there because he wanted to show everyone how skilled he was at predicting the market. Now he has doubts and so he reacts where no provocation exists. He could have seized the moment and taken the risk, but that takes psychological capital and he already squandered his.

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