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Technology Stocks : AUTOHOME, Inc

ATHM 24.92

+0.3%

Nov 12 3:59 PM EST

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To: Bud Fox who wrote (8328)	4/22/1999 7:06:00 AM
From: Educator	Read Replies (2) of 29970

"I sold at $189 and am looking for a re-entry point. I think we'll have a re-test point. I think we'll have a re-test of those lows sometime soon (this week or next). Bud- You gotta love your timing! That was surely a nice move. Hind sight made a lot of investors (except ATHM longs) wishing they would have sold too. I think, however, that you might have been a little greedy with your re-entry point. Hoping for, as you mentioned, "Next resistance on the downside is $100." If you would have jumped in the low teens (another hind sight call), you clearly would have bought ATHM back for a whopping 75 pt. difference. That is nothing to sneeze at, and I would have dubbed you the ATHM trading king, doing even better than 'Don't Pass Better Benkea'. Trading 50 shares is no big deal, but if your were holding anything substantial, that IS a big deal. You clearly HAD (notice that's past tense) a gift horse in the teens. Waiting for it to drop another 15 pts. MAY have been a crucial mistake IMO. ATHM has moved with the tech/Internet sector and is quickly erasing the drop. That 75 pt. drop is now only 47. The Internet sector is going to rock today as a result of excellent earnings reports from at least three Internet stocks. ATHM will move with them again today. I predict another surge. Will you chase ATHM and enter at some point? If it heads to the Street predicted (200-265), will you say goodbye to it? I am just curious. I wish I would have responded to your post earlier. I just got too busy. I have the smallest cranium on the thread (thank goodness I am LARGE where it REALLY counts :0)) and may be way off in my thoughts/predictions. I just believe the resistance level was already met. Good luck to you! Ed

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