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Technology Stocks : AUTOHOME, Inc
ATHM 24.67+1.3%10:48 AM EST
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To: Stephen M. DeMoss who wrote (631)11/15/1997 1:18:00 PM
From: ahhaha  Read Replies (1) of 29970
 
Dealer market saw 100 share trades at 18 1/4. What time frame do you mean for "short term"? When there is a paucity of buying interest, prices are strongly influenced by non-convicted trading action. There isn't much non-structural shorting going on because there is too much volatility potential, so there can't be many "momentum" players at work. There are plenty of manipulators that are trying to sell 500 on the way down so that they can buy a 1000 at lower prices using "overvaluation" as the psychological smokescreen. I sure hope it free falls because it would be an incredible opportunity to buy. "Run it up one more time"? You sound like you're trading. Although this issue has to be one of the most volatile because of the valuation indeterminancy, I don't consider it to be a good trading vehicle. That is always the nature of a sound fundamental investment. Besides, don't trade. Trading is a negative expected return game. I have spent 23 years and 15,000 option trades proving that truth. I was a broker, PSOE trader, institutional portfolio manager, and since 1970, stock investor for my own account. The only money that stayed with me after all of that came from stocks I bought and never sold no matter how dumpy or "overvalued" the companies were when I bought them.
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