AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 21.05

-3.3%

3:59 PM EST

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To: GraceZ who wrote (26173)	10/24/2000 8:52:25 PM
From: MIKE REDDERT	Read Replies (1) of 29970

Grace, You do have a point, but you are in an entirely different position... I assume that your position doesn't threaten you with financial ruin. Imagine for a moment that you hold 5 or 10,000 shares... and half of that wasn't even purchased with your own money. At that point, every down tick is an adventure in fear, until eventually you are forced to sell to avoid insolvency. The market senses those types of imbalances, and will almost always punish severely... the collective intelligence of the free market knows that they will be able to buy the shares cheaper... why chase them ? All of this probably goes a long way in explaining the emotional nature of this board. When the market senses that the shares can't be purchased at a lower price, then the price will stabilize and head upwards... and when that happens, most people will scratch their heads and say there is absolutely no fundamental or technical reason why that should happen. And so it goes...an inflection point is born... and the beat goes on. Mike

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