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Technology Stocks : AUTOHOME, Inc
ATHM 23.21-1.8%3:59 PM EST
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To: Ali Shahbaz who wrote (10112)6/3/1999 6:28:00 PM
From: jmanvegas  Read Replies (3) of 29970
 
You know what bothers me about ATHM. 180+ million shares now to become 360+ million after the split. In addition, it takes some effort to absorb the merger and make it work. Short-term investors will be dumping their ATHM with the extra shares coming soon. In addition, competition from STBs for the novice users out there.

Where's the buying on the dips folks? I don't see it. Somebody tell me something in the near-term which would make me open my wallet and buy this stock now. Where's the conviction? We got CPI numbers coming out in 2 weeks - don't expect much but the market doesn't like overhanging reports. The Fed has spoken - they don't like runaway, uncontrolled economies - they've been on the pulpit every day it seems expressing their viewpoint on this. You gotta take notice. Don't fight the Fed - Investing 101. Some would say we've already dipped significantly. That's what is scary. I haven't seen any turnaround on this so-called buying on the dips. Be careful out there.

By the way, I'm one of those weak hands who sold today. Still booked a profit, not as much as when ATHM was trading much, much higher. But, c'est la vie. Capital preservation may be the next rule one needs to learn in here. Only time will tell. BTW, if ATHM stabilizes and I do see buying on the dips, then I'll reeneter. Just be cautious everyone.

jmanvegas
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