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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Michael Young who wrote (12463)	7/15/1999 11:17:00 AM
From: Chi-X	Respond to of 29970

Short interest RATIO down to 2.5 from 4.15 not good. Declining short interest not bullish. When rally happens, not too many shorts to squeeze. Not a good indicator... Cheers, Chi-X hath Spoken! "There shall be no swine, before its time."

To: Michael Young who wrote (12463)	7/15/1999 6:49:00 PM
From: E. Davies	Respond to of 29970

So I went short a few weeks ago There. Doesnt that feel better to just be out with it? I have to admit that ATHM looks like a pretty good short for a trade. I've been staring at the charts and cant find anything good about them near term. The upcoming earnings are the only wildcard. Support @45 is pretty weak and then is non-existant until 40 (which I expect to hold). The "net" rally has not included ATHM and looks to me to be fading away. ATHM is the weakest of all the major nets with the exception of EBAY (which I am short). For us suffering long term holders the major good thing that I see in the charts is that there is a long term trend line that the stock was following from the time of the IPO (6/97) through early 1999 that we have now returned to. The trendline intersects today somewhere in the 40's. I'll bet this is the trendline ATHM will follow over the next several years. This trendline is still roughly doubling every year, not a bad return at all. Eric