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Technology Stocks : AUTOHOME, Inc
ATHM 23.89+2.2%Dec 5 9:30 AM EST
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To: Bretsky who wrote (7627)4/11/1999 7:44:00 AM
From: KW Wingman  Read Replies (2) of 29970
 
Yuk is what II deserves IMO. I will read what II says but I will not give it much weight. II often gives poor advise.

II has had a very bad track record lately. In the magic 25 portfolio, they first bought CMGI maybe two years ago (one of the few winners or good calls they made). After CMGI had a little run they put out a sell on it. CMGI has increased in value at least ten fold since that early sell recommendation. Since then, they bought CMGI at a higher price and more recently sold it and bought it again about three days later. This was not done because of any trading wisdom either.

A week or two ago, II recommended taking profits in QCOM a day or so before QCOM took off on a huge upward run. I don't know what II said about that move in the way of an excuse because I don't pay much attention to II. In both cases I just continued to hold my stock.

T is not really walking away. They are giving the other cable companies a more equal say in the operation of ATHM than the size of the other cable companies' stock holding would seem to warrant. This is good for AT & T in the long run IMO. It seems reasonable that AT&T probably wants to tie in with the other cable companies to provide local phone service. They are buttering them up if they give them a more equal say in ATHM and it really costs them nothing to gain the good will of the others.

Regards,

Wingman
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