AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 23.75

+0.1%

3:59 PM EST

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To: GraceZ who wrote (23995)	7/27/2000 1:01:42 AM
From: E. Davies	Read Replies (1) of 29970

Money flow is distinctly positive. My personal opinion is that money flow is an irrelevant concept. In the case of ATHM it simply means that the sellers have larger size than the buyers. I can tell you how ATHM trades. 7 days out of 10 there is somebody or several somebodies with tons of shares to sell that sit at bid +1/16 and sell and sell and sell. Eventually they back off so the stock wont drop too far, give it a few minutes of rest and start the whole process over again. Its very boring to watch. What does it mean? It means a few big sellers and a pile of small buyers. I used to think that someday soon the sellers would run out of shares. Now I'm starting to wonder- this may take a very long time. This is the attitude of the larger concerns that think that they are my competitors. It is a sad but true hard cold reality of life that you almost always have two choices: Big with lousy service or small with good service. Note that your competitors are "larger". There is a reason for that. ATHM still has a $6 Billion market cap. They have to be big. They have to be growing. Fast. They cannot avoid unhappy customers. Eric

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