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Technology Stocks : AUTOHOME, Inc
ATHM 23.48+1.2%Nov 21 9:30 AM EST

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To: Bexar who wrote (25836)10/4/2000 4:09:26 PM
From: E. Davies  Read Replies (3) of 29970
 
I'd give 60% odds that today was the bottom for ATHM (for a while at least).

There has been a very very determined seller pounding the stock for days. Today at 3pm he vanished.

It took the market almost half an hour to even realize the selling pressure was gone. The buyers have been completely disheartened. For a while there were almost no offers to 12 1/4 yet still nobody bought.

Assuming the seller does not return tomorrow the market will figure it out and realize ATHM is grossly oversold. Lets hope there was not something he knew that we don't.

Eric

Edit: DELL just warned. Look out below
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