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

To: Solid who wrote (13567)	8/5/1999 12:12:00 AM
From: ahhaha	Read Replies (2) \| Respond to of 29970

This thread does a good job of getting into the company. I don't think you'll find any better analysis in the world. This is an on-going debate whereas analysts are individuals trying to get a bead. You will hear us all seem to say contradictory things, but if you do a close analysis of the thread, I think you'll find that there is none. The reason is that the participants must change their views with new information. This isn't so easy to do for an analyst. The dialectic of interaction scoops the efficiency of the market's price mechanism. You are always going to find yourself holding a loser. You sell and forget it. That's why it is important to invest in those things which are developing, not in those which have developed. They may not develop, so you sell. You have to find a horse that will trot and then you can build a position as it runs. I stated 2 years ago on this thread that one day ATHM would be one of the most valuable companies in the world. I also stated that the company would achieve this in spite of who managed and that it would always come up smelling like roses though at times they would be plunging into the bottomless pit. Nothing has changed that view. The reason is manifest destiny. It would be extremely hard to fail because it is the will of the people including Portlanders that the company will do what it was made to do. It is us who guide her, not MSOs, or technology, management, the government. We will make her or break her. That doesn't mean that management can't take a long road around frustrating we the people. Investments are luxuries. They are made with money you can't use in any other constructive way. That's why savings and investment denote the same thing. Why is America so poor at saving? We are great at investing. Savings aren't needless luxuries and so neither is investment.