AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 23.78

-0.6%

10:54 AM EST

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To: Hiram Walker who wrote (2520)	7/17/1998 12:43:00 PM
From: ahhaha	Read Replies (2) of 29970

Price is not determined by supply and demand. If you don't know what demand and supply are, why not go get a text book and find out. You can read a little further and discover that price is determined by marginal demand and supply. Then you can reflect as to what establishes them. I can see that my comments were misdirected since I assumed you knew what these terms meant. I'm seeing that very few on SI have even an elementary understanding of economics. That includes Econ majors since few of them can explain what marginal means. Fundamentals tell you where a bottom is in a stock? That is never true. The fundamentals become apparent long after a bottom is in place. We aren't in a mania. The speculation in this market is low. If you think the internet stocks aren't justified in something near their current levels, you don't have a clue as to what is going on. Your basic assumption in holding HLIT is that that something is going on. Your disagreeing with the main premise of your own investment argument. Listening to you babble on about HLIT month after month is indicative of a deranged brain. You are so prejudiced that everything you say tries to build up HLIT so that you can go on holding that company. Even if they succeed, you lose, because you're blinded by your bias and so you can't make a balanced judgement when to sell. It's a hardware company so you'll have to sell, but you'll ride it down because you will have painted yourself into a corner and eliminated any possibility of objective assessment. There is no worse attitude to have in investment. It is that which wrecks the dilettante. If HLIT succeeds, you lose. So you have a lose-lose situation. I don't believe win-win or lose-lose can exist. These terms just indicate sham. Human pigheadedness though can enable the sham and can create the realization of lose-lose. This monomania implies that this is your "last stand". You've been destroyed by the Wall Street game. If HLIT doesn't succeed, you're gone. I felt the same after a mere 10 years in the business, but not because of monomaniacal devotion to one company or apparent refutation of pet theory, but because the stress takes it toll even when you're only holding and not watching. Avast. Come about, and sail out of those waters.

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