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Technology Stocks : AUTOHOME, Inc
ATHM 24.06+2.0%Dec 10 3:59 PM EST

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To: KW Wingman who wrote (23794)7/21/2000 11:30:29 PM
From: KW Wingman  Read Replies (1) of 29970
 
According to Second Opinion,

Symbol: ATHM
Name: EXCITE @ HOME
Exchange: NMS Close as of week ending
07/21/00

Opinion LONG
STOCK IS NOT A SHORT SALE CANDIDATE
Up/Down volume pattern indicates that the stock is under ACCUMULATION

Second Opinion is provided by Computrade Systems, Inc. Please see the Powerstreet Pro(sm) user agreement for more details. Market Edge & Second Opinion are neither offers to sell nor solicitations of offers to buy any security.


I wonder if Merrill Lynch analyst Henry Blodget Thursday downgraded <ATHM.O> to "accumulate" so that someone could accumulate the stock cheaply?

It appears that as usual, the call way late and wrong. Stock was a buy at $98, Blodget wises up and downgrades at $18. This is after the company has just made a great deal and could run on the good news. Instead Blodget pointed out any negatives in the company announcement he could find and downgraded the stock to an "accumulate". It doesn't make good sense to me. IMO, Blodget just made another mistake which is typical of the so called expert analysts.
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