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Technology Stocks : AUTOHOME, Inc
ATHM 23.76+1.2%Nov 28 9:30 AM EST

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To: Kayaker who wrote (3970)1/8/1999 10:36:00 AM
From: Qualopec  Read Replies (2) of 29970
 
Doubt not the power of the Net

I took nice, but not incredible, profits in several Net stocks over the last year, including CMGI and ATHM. In each case, if I had held, I would be sitting on a 5- to 12- bagger. It is foolish to try to guess when the bottom will fall out because there is no "bottom" to fall out. There is no number that can come out that will turn investors off. Any pullbacks will be purely psychological and will be quickly followed by fresh money (or in my case, regretful old money) jumping back in at "bargain" prices.

Bottom line: If you believe the net is here to stay, then your investments should, too. Stick to top-tier companies and you will be OK.
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