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Technology Stocks : AUTOHOME, Inc

ATHM 23.28

+0.8%

3:47 PM EST

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To: David Harker who wrote (7812)	4/13/1999 11:27:00 AM
From: Jing Qian	Read Replies (1) of 29970

However, stock prices of many stocks already reflect this, and perhaps MORE than reflect this. The underlying technology and its effects are great things, but if people become TOO excited about them, stock prices may get too high. You can find many high tech companies in the last 5-10 years whose stock prices surged parabolically upwards, then collapsed downwards Currently only 15% of investors own Internet stocks according to the latest research. There are more investors owning GE than investors owning AOL. Why can't it be that valuation of Internet stock will be as high as today in 10 years? It's not necessary that YHOO's P/E has to drop from 8000 to 100 in 2010.

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