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Technology Stocks : AUTOHOME, Inc
ATHM 22.23-4.5%Dec 31 3:59 PM EST
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To: Elmer who wrote (9439)5/13/1999 4:19:00 PM
From: vor  Read Replies (1) of 29970
 
you make sense. A whole lot of sense. I have a stop on athm and every other internet stock I own. But, you can't ignore the bottom line that net stocks don't trade in the traditional fashion. There is much speculation, and belief, that revenue potential is greater then your estimates. New sources of revenue for internet companies could pop up any time.

athm might be overpriced now, but more important then numbers is supply and demand. If more people want to buy then sell, then its not overpriced.

If you're looking for a value internet play, check out apple computer (aapl). I owned it for a while, sold it because I needed the cash, but am dying to get back in. P/E at 14, yes 14. Their on Goldman Sachs reccomended list, and they are making many many products for internet use. They are focusing hardcore on the internet and if they stay at these levels their pe could drop to 10 by next earnings report.

good luck everyone - Hope orcl doesn't kill us

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