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Technology Stocks : AUTOHOME, Inc

ATHM 24.59

+1.0%

9:31 AM EST

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To: Stephen M. DeMoss who wrote (635)	11/17/1997 10:34:00 AM
From: ahhaha	Read Replies (2) of 29970

The stock is trading on expectations, possibly great expectations. The fundamental position is a little like AOL rather than QDEK. QDEK didn't have the technology nor the product to justify their valuation. AOL has proven that they are a money machine even though they are the poorest ISP of size. They'll get their come-uppance. Eventually that will be a good shorting vehicle , but you have to wait for the price structure to evolve to the "right side" of the chart. But ATHM has incredible potential. They are way ahead of the competition. DSL is NOT competition. All you have to do is to sit at a wic loaded @Home pc, and you're sold. Forget about how low it will go. You don't know that. You buy. If it goes lower, don't buy more. You buy more if it goes up from where you bought it. This is quite contrary to Wall Street thinking. They "average down". I "average up". If it goes down, you wait until it adequately bases and then if there are not negative fundamental changes and there are positive changes and it starts up and you got some dough and you don't have a better candidate, you buy more. The greater the future potential the greater will be the current random fluctuations. Read volatility as an indication that you got a hold of a good horse. If you're going to take risk, take it. But most critical is to hold. That is hard work. Traders can't do that. They have no faith. Even false faith is better than none. Traders believe hope is your enemy. But hope is often all you got. Another point. Try to buy at "the top". It keeps you long. Then don't sell if the price struggles back up to your buy point. If you do you're falling into the public fear/greed syndrome and that is part of Wall Street. Wall Street means failure.

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