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Technology Stocks : AUTOHOME, Inc
ATHM 23.72+1.1%Nov 28 12:59 PM EST
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To: Ron Dior who wrote (8774)4/28/1999 6:16:00 PM
From: Educator  Read Replies (2) of 29970
 
"Bloomberg just reported that on of the reasons AOL dropped today was because of ATHM taking away customers. Also they said that future customers would be looking for a faster net connection such as cable."

Ron- I am glad that ATHM is finally making its impact on AOL, and more importantly, that it's being observed by analysts. You can't seem to hear any Internet information without AOL being mentioned. One bullish analyst after another boasts of AOL's dominance as an ISP. Many consider AOL a blue chip Internet stock. I don't disagree with that, but I would like to hear more ATHM plugs. I guess it will take more subscribers and overall market penetration before we hear it on a consistent basis. We are still in the "Wonder Years."

It was disappointing to see the drop again today. Was all this profit taking? I cannot figure out this market. You have decent Internet earning's numbers, and the market goes down. One analyst said that many stocks on the Nasdaq had reached their 52 week highs, and they were ripe again for a sell-off. Who knows. Fortunately my wonderful Alcoa (AA) kicked butt today. That at least balanced a tough day for ATHM.

Tomorrow will be another swing at the plate for ATHM. Let's hope it's a homer.

Ed
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