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Technology Stocks : AUTOHOME, Inc

ATHM 23.76

+1.2%

Nov 28 9:30 AM EST

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To: Ron Dior who wrote (8770)	4/28/1999 11:10:00 PM
From: KW Wingman	Read Replies (2) of 29970

<<<I would also go out on a limb and say that it will be either @ or above the $200 mark before the end of May. >>> I hope you right Ron, but I suspect it will take a longer time than that. I think the merger is causing some downward pressure on ATHM stock right now. XCIT has about a 5% premium. An investor can short ATHM and buy XCIT to gain a relatively safe return of 5% in one month. The market now has a good deal of confidence that the merger is a done deal. Until this XCIT/ATHM premium has been reduced to some time related factor, there will be arb downward pressure on ATHM. I have been pleasantly surprised the stock has performed as well as it has. IMO, The selling (profit taking) in XCIT has to stop or slow now before we go higher in ATHM. Your 6 to 12 month target of well over $200 seems very reasonable to me. I'm holding my boatload of XCIT because I am certain that better days are ahead. Have a nice day tomorrow, Wingman

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