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Technology Stocks : AUTOHOME, Inc
ATHM 23.43-2.1%3:59 PM EST

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To: Larry Brew who wrote (1130)1/12/1998 9:33:00 PM
From: Bud Fox  Read Replies (1) of 29970
 
I have not seen any reference to pre-determined minimum share value. What happens to them after the lockup period is up to the shareholder.

I agree with your trading ranges. I think this run up will test the old highs(~30). Unless there is more news on new investment or cable alliances, ATHM will have a hard time going higher.

Sooner or later some news like that will happen and the real explosion will begin. We've seen it happen to other "hot" internet stocks. Momentum investors start piling on and @Home explodes. There is no financial reason, only the hot money looking for a quick million.

Until then, just play the cycle. I do think that the trading range has probably moved up. Possibly 22 - 28

Let's just hope the Intel earnings are decent. Otherwise, the whole tech sector is screwed.

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