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

To: Estephen who wrote (12593)	7/17/1999 5:37:00 PM
From: E. Davies	Respond to of 29970

This thread sounds unduely pessimistic. Like a bunch of longs are underwater. What we are is pessimistic about the short term, optimistic about the long term. For a long term investor the next week or two will probably be the best time to buy. The only longs who are not underwater are those who bought before 1999 and those who bought during 4 days in mid June. Not a pretty picture. ATHM will continue to underperform the market on the upside until something snaps them out of this "open" access depression. I do believe however that ATHM will be less likely to selloff during downturns in the market. I dont see anything happening soon that will put the issue to rest once and for all. Sometime when we least expect something will be a trigger and the market will get over it. I still expect long term average growth of doubling the price of ATHM every year for 3-5 years. Eric