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Technology Stocks : AUTOHOME, Inc
ATHM 23.64-1.3%Nov 19 3:59 PM EST
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To: Michael P. Michaud who wrote (2576)7/27/1998 3:06:00 PM
From: ahhaha  Read Replies (2) of 29970
 
Nothing to do with T-BT instantaneously. The implications are long term bullish. The market is weak. Weakness isn't over. In August we'll get a rally to set the ledge for the fall tumble.

ATHM should go down and close the gap at 40. When there is some selling and bids below are pulled because buyers are willing to gamble for cheaper prices, marginal supply discovers lower prices. You can trot out a dozen pseudo-fundamental reasons why the sellers are selling. Trading doesn't interest me, so today's price doesn't either.

WCOM is a little more precarious because it has been run up. Traders should sell. That would be a major mistake if you want to realize the point of investment: make significant money. WCOM is just fairly or maybe a little over-valued, so no significant price advance can be expected until either its earnings rise substantially higher or the stock price falls. Wall Street is due for a sentiment change. That means the players will trot out all kinds of pseudo reasons why the sky has fallen. Smart money got out. You don't want to be smart money. That means that when the FED raises rates, you have to hold even though you know your stocks will be dumped by the panicked, "in for the long term" investors. WCOM could challenge 40. So what? I strongly advise not trying to sell and buy back. You don't know if the above is true. It has only a certain probability to occur. Separate gambling from investment and succeed.
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